On July 5, 2025, Elon Musk announced the creation of the “America Party” on X, opposing President Trump’s $3.3 trillion tax and infrastructure bill, which he claims worsens the national deficit. Backed by a poll where over 65% supported a new party, Musk aims to challenge the two-party system with a focus on fiscal conservatism, deregulation, and skilled immigration. The party plans to contest select seats in the 2026 midterms. However, legal challenges and concerns over Musk’s shifting political stance and business commitments raise questions about the party’s future.