In brief
In an unexpected turn of events, Tesla CEO Elon Musk has voiced disappointment over President Donald Trump’s recent tax and spending bill, which was passed by the US House of Representatives. Musk, who has previously been an ally of Trump, noted that the legislation could increase the budget deficit instead of decreasing it. The multi-trillion dollar bill, dubbed "big and beautiful" by Trump, includes significant tax breaks and an increase in defense spending. Musk expressed that such a spending plan undermines the fiscal responsibility he had previously advocated for, particularly through his role as Trump’s cost-cutting advisor. His criticism raises questions about internal conflicts within the Republican Party and marks an apparent distancing from Trump, especially in light of Musk's planned reduction in political spending and involvement with government efficiency initiatives.
