Elon Musk strongly criticizes the proposed new tax bill from US President Donald Trump, which was passed with difficulty in the House of Representatives, arguing that it exacerbates the budget deficit instead of reducing it, and undermines efforts to control government spending.
📉 Musk, who recently withdrew from the 'Government Efficiency Department,' expressed his discontent in an interview with CBS, stating that the project represents 'massive spending' that contradicts financial efficiency goals. This project, filled with tax cuts, was described by Trump as 'big and beautiful,' but it has faced criticism even from within the Republican Party due to its high cost and potential negative impact on the US economy.
💬 Musk's statement comes at a sensitive time for the markets, as investors are concerned about the worsening financial deficit, increasing pressures on the US dollar, and rising interest rates. Additionally, the project's provisions may harm sectors like clean energy, which could redraw the investment map inside and outside the United States.
📊 What does this mean for the stock market?
• Volatility may increase amidst a split in Congress over the project
• Previously supported sectors like EV and renewable energy may be negatively affected
• Investors will closely monitor the Senate's position and amendments to the law
✍️ Musk concluded his remarks by saying: 'The law can be big or beautiful, but not both at the same time' — a clear reference that the magnitude of the massive spending may not achieve the desired economic beauty.
📌 The smart investor closely monitors the effects of policy on the markets, and risk management remains a priority at this sensitive stage.