Musk 'disappointed' by Trump's tax and spending bill

Elon Musk expressed disappointment in Donald Trump's "big, beautiful" tax and spending bill, arguing it undermines efforts to reduce government spending and could increase the budget deficit by about $600 billion in the next fiscal year. Musk, who previously supported Trump and served as a cost-cutting advisor, criticized the plan for promoting significant spending rather than fiscal responsibility.

Trump's legislation, which aims to extend tax cuts and boost defense spending, has faced internal Republican opposition. Musk’s comments signal a growing distance between him and Trump as he plans to reduce his political contributions and focus more on Tesla.

‍