Billionaire entrepreneur Elon Musk has threatened to form a new political party in the United States, warning that if President Donald Trump’s sweeping domestic spending bill is passed by Congress, he would move to establish what he called the “America Party.”
In a series of posts on his social media platform, X, the Tesla and SpaceX chief described the Republican-backed legislation as “insane spending” that would raise the national debt ceiling by a record $5 trillion.
Musk claimed the bill underscores the existence of what he termed a “Democrat-Republican uniparty” and called on voters to demand an alternative.
“It is obvious with the insane spending of this bill... that we live in a one-party country — the PORKY PIG PARTY!!” Musk wrote on X, referring disparagingly to Trump’s signature bill.
He added: “hu
Time for a new political party that actually cares about the people.”
The remarks come as the Senate rushes to pass the controversial domestic policy package before the July 4 deadline. The bill, which includes a raft of tax cuts, infrastructure subsidies, and defence spending hikes, has triggered dissent not only from Democrats but now also from one of the GOP’s biggest financial backers.