"Does the 'Great and Beautiful Law' threaten the future of jobs? Elon Musk sounds the alarm"
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Introduction
In recent weeks, billionaire Elon Musk, head of Tesla and SpaceX, sparked widespread controversy after publicly criticizing the "Great and Beautiful Law" supported by former President Donald Trump. Musk claims that this law, which combines tax cuts with significant spending increases and radical policy changes, threatens the future of millions of jobs in the United States and could cause deep strategic harm to the national economy.
In this report, we review the features of the law, the main criticisms directed at it, especially from Musk, along with a neutral analysis of its potential impact on the American labor market.
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What is the "Great and Beautiful Law"?
The proposed law is a broad legislative initiative aimed at expanding the tax cuts enacted in 2017, with substantial changes including:
Exempting allowances and overtime wages from taxes.
Increasing defense spending by hundreds of billions of dollars.
Allocating $150 billion to enhance the enforcement of immigration laws.
Cutting more than $1 trillion from social programs like Medicaid and SNAP, with strict eligibility restrictions.
Repealing most provisions of the Inflation Reduction Act, including tax incentives for electric vehicles and batteries by 2028.
The total costs of the law are estimated to increase the national debt by $2.4 trillion over a decade, raising serious questions about long-term financial sustainability.
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Elon Musk... from supporter to fierce opponent
Despite Musk's previous support for Trump, he has turned into one of the law's most prominent critics. In a candid post on platform X on June 28, 2025, Musk described the law as "crazy and destructive," considering that:
Hits future industries, especially electric vehicles and renewable energy.
Burdening the American economy with unsustainable debt.
Destroys millions of jobs by undermining emerging sectors and marginalizing vulnerable groups through reduced social support.
Musk confirmed that the law "rewards old industries and punishes innovation," with a clear warning that these policies could cost the United States its technological leadership.
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Between supporters and opponents: Does the law support jobs or undermine them?
Supporters' opinion:
They believe that tax cuts and corporate incentives will lead to real economic growth and job creation, especially for small businesses.
They consider it a law that "protects American jobs" and sparks a new wave of investment.
The U.S. Tax Foundation believes that long-term economic growth could improve by 0.8%.
Opponents' opinion:
They emphasize that cutting social spending will lead to a decline in economic activity in sectors such as healthcare and retail.
They warn that canceling clean energy incentives will hinder one of the fastest-growing sectors in the American labor market.
Increasing public debt may lead to higher interest rates, which slows economic growth and reduces employment opportunities.
According to the "Ben Wharton" model, the deficit resulting from the law could reach $3.3 trillion over ten years, which is more than the official estimates, exacerbating concerns about the long-term financial impact.
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The fate of the law: Between internal opposition and public pressure
Despite being passed in the House of Representatives, the law faces opposition within the Senate, even from some Republicans, who have expressed concerns about the expected level of deficit.
In contrast, Musk is trying to rally public opinion, urging Americans to contact their representatives to stop what he described as a "legislative disaster."
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Comparison of perspectives
Aspect Supporters' opinion Critics' opinion
Tax impact Stimulates investment and creates jobs Exacerbates the deficit and threatens growth
Supporting industries Supports defense and traditional Harms clean energy and innovation
Social programs Regulates public finances Weakens vulnerable classes and reduces consumption
National debt Is controlled through growth Long-term risk to financial stability
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Conclusion
Elon Musk's warning about the "Great and Beautiful Law" has highlighted the contradictions in economic policies between the past and the future. While some see the law as an opportunity to boost the economy and strengthen security, others view it as a real threat to tomorrow's jobs and future industries.
The coming weeks will be crucial in determining the fate of this project and its long-term impact on the American labor market and the broader economy.
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