Tesla CEO Elon Musk Tells Congress To 'KILL the BILL'
· InvestopediaTesla (TSLA) CEO Elon Musk on Wednesday ramped up his criticism of President Trump’s signature budget legislation.
Musk, who just last week left his role leading the Department of Government Efficiency, posted on X Wednesday, “Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL." The post comes after Musk on Tuesday called the proposal a "disgusting abomination" that would "massively increase the already gigantic budget deficit."
White House Press Secretary Karoline Leavitt said in a press conference Tuesday that Musk's attacks wouldn't change President Trump's support of the bill.
Musk, whose time as a "special government employee" trying to slash government spending with DOGE ended last month, has said he is refocusing his companies.
The budget bill, dubbed the "One Big Beautiful Bill,” passed by one vote in the House last month. In the Senate, it would take four Republicans joining Democrats in voting against the bill to prevent it from passing.
The bill extends many provisions of the 2017 Tax Cuts and Jobs Act that were set to expire at the end of the year and adds new tax cuts including eliminating income tax on car loan interest, overtime pay, and tips. Additionally, the bill would cut funding for Medicaid and the SNAP food aid program, among other changes.
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