Core Content:
1. Permanent Tax Cuts
Continuation of Trump's 2017 (Tax Cuts and Jobs Act) (TCJA), with the top personal income tax rate maintained at 37%, and child tax credit increased to $2,200 per person.
Corporate Tax Incentives: Full deduction of R&D expenses, permanent depreciation tax deductions for equipment, cancellation of 'global minimum tax' applicability.
2. Welfare Cuts
Medicaid: New 80 hours/month work requirement, with 11.8 million potentially losing health insurance.
Food Stamps (SNAP): State governments bear 75% of administrative costs, benefits for 40 million low-income individuals shrink.
3. Clean Energy Sniping
Cancellation of electric vehicle subsidies: $7,500 per vehicle tax credit expires on September 30, 2025 (Tesla loses $1.2 billion annually).
Wind and Solar Restrictions: Only projects that begin within 12 months can enjoy tax credits, with nuclear/geothermal exemptions.
4. Debt Ceiling Breached
Federal debt ceiling raised by $5 trillion to $40.1 trillion, the largest increase in history.
Controversy Focus:
Robbing the Poor to Pay the Rich: Tax cuts benefit businesses/wealthy individuals, while welfare cuts severely impact low-income groups (with 80% of families' incomes potentially dropping).
Deficit Bomb: A net increase in the deficit of $1.3 trillion over the next decade, with a deficit rate maintained at 6%.
⚔️ Why did Musk establish the 'American Party'?
Direct Trigger:
Tesla faces targeted strikes: the bill cancels electric vehicle subsidies, with 30% of Tesla's sales relying on tax credits, resulting in an annual loss of $1.2 billion.
SpaceX Contract Threat: The bill adds a clause allowing the president to unilaterally cancel government contracts (SpaceX's contracts exceeding $20 billion are at risk).
Political Split Escalates:
Money Betrayal: Musk spent $290 million for Trump's 2024 election, but after the bill passed, Trump mocked him for 'living on subsidies'.
Revenge Declaration:
If the bill passes, the 'American Party' will be established the next day!
——Elon Musk tweet on June 30, 2025, 610
How to use 5% of $39 billion in assets?
$19.5 billion fund → Precision Strike on the Republican Party:
2026 Midterm Elections: Fund 8-10 House + 2-3 Senate candidates in swing states to create a 'disruption effect'.
Public Opinion Nuclear Bomb: X platform tops 'Fraudulent Politician' posters (with images of Pinocchio + LIAR text), exposing supporters of the bill.
🏛️ Can the 'American Party' overturn the two-party system?
Advantages:
Moderate Voter Gap: Polls show 40% of Americans are willing to support a third party, with 65.4% voting on the X platform in favor of forming a party.
Capital + Flow Hegemony: Musk controls the X platform (125 million American users) + $19.5 billion of ammunition.
Deadly Obstacles:
Systematic Encirclement: Under the ‘winner-takes-all’ electoral system in the U.S., the third party has not received any electoral votes since 1968.
Bipartisan Counterattack:
Trump allies delay Tesla ETF listing, threatening to review SpaceX contracts.
The Democrats hate him to the bone, the Republicans call him a 'traitor', and he risks becoming a 'man without a country'.
💎 Essence Summary
The 'Great Beauty Act' is Trump's gift to traditional energy and the wealthy, but it ignited Musk's 'political nuclear bomb'. The $19.5 billion fund buys not just votes, but a 'death sentence' for the American two-party system—despite the executioner potentially collapsing first under the high walls of the system.
