Elon Musk is making waves again, this time taking direct aim at President Trump’s latest spending bill. The legislation, known as the One Big Beautiful Bill Act, extends tax cuts, boosts border security funding, and rolls back clean energy tax credits. While Trump has hailed it as a historic victory for the American people, Musk sees it as reckless spending that threatens economic efficiency.
Musk has spent years championing streamlined government operations, advocating for lower spending and targeted fiscal policy. As head of the Department of Government Efficiency (DOGE), he implemented sweeping measures to cut costs, aiming for $1 trillion in savings. Now, with this bill, he argues that those efforts are being erased overnight.
The Congressional Budget Office reports that the tax provisions alone will increase the deficit by $3.8 trillion by 2034. Musk, who has long pushed for responsible spending, called the bill bloated and unsustainable. “I think a bill can be big or it can be beautiful,” Musk said in an interview. “But I don’t know if it can be both.”
Beyond fiscal concerns, the bill reverses multiple clean energy initiatives. Musk, who has spent decades advancing sustainable technologies, warns that slashing tax credits for renewables undercuts American innovation and weakens global competitiveness. He argues that this approach is short-sighted and ignores long-term economic benefits.
Trump remains firm in his defense, emphasizing that the bill strengthens national security and puts money back into the hands of hardworking Americans. He insists that border security funding and tax cuts will drive economic growth and prosperity.
With the bill now in the hands of the Senate, the debate is intensifying. Musk’s remarks bring fresh attention to the issue, raising important questions about the direction of America’s economic policy. If passed, this legislation could define the country’s financial trajectory for years to come.
Sources:
https://www.cbsnews.com/news/elon-musk-disappointed-by-trump-big-beautiful-bill-doge/
https://globalnews.ca/news/11201110/elon-musk-criticizes-donald-trump-big-beautiful-bill/
https://thehill.com/homenews/administration/5320942-elon-musk-disappointed-big-beautiful-bill/