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    Home»Trending News»Trump, Musk feud deepens over sweeping tax-cut bill as Tesla shares plunge
    Trending News

    Trump, Musk feud deepens over sweeping tax-cut bill as Tesla shares plunge

    The Daily FuseBy The Daily FuseJune 5, 2025No Comments2 Mins Read
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    Trump, Musk feud deepens over sweeping tax-cut bill as Tesla shares plunge
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    FEUD ESCALATES AS MUSK CRITICISES TRUMP’S ‘BEAUTIFUL BILL’

    Starting Tuesday, Musk launched a wave of criticism in opposition to Trump’s proposed laws, dubbed the “massive, stunning invoice”, calling it a “disgusting abomination” that will drive up US debt. Nonpartisan estimates say the measure might add between US$2.4 trillion and US$5 trillion to the nationwide debt, which now exceeds US$36 trillion.

    Trump dismissed Musk’s critique as self-serving, saying it stemmed from the invoice’s plan to scrap tax credit for electrical automobiles, a key profit for Tesla.

    “He isn’t the primary,” Trump stated. “Individuals go away my administration … then sooner or later they miss it so badly, and a few of them embrace it and a few of them truly change into hostile.”

    Musk had headed the White Home’s Division of Authorities Effectivity, the place he oversaw broad spending cuts and workers reductions. Although hailed by Trump final week upon his departure, Musk later expressed frustration with the bounds of his affect.

    Musk claimed he deliberate to cut back his political exercise, however his newest posts recommend in any other case. He referred to as the invoice a “mountain of disgusting pork” and posted: “Slim Stunning Invoice for the win… KILL the BILL.”

    Although Musk’s workplace lower federal spending by tens of billions, the whole fell far wanting his US$2 trillion goal. The disruption triggered authorized motion and backlash throughout authorities businesses.

    Some Republicans are actually echoing Musk’s concern concerning the invoice’s value, elevating doubts about its future within the Senate.

    In the meantime, buyers and political analysts are watching intently because the fallout from the feud grows. Protests at Tesla websites within the US and Europe have intensified, with critics arguing Musk’s political focus is hurting his firms.

    A White Home official, talking on background, underscored the cooling dynamic between the 2 males.

    “The president is making it clear: this White Home will not be beholden to Elon Musk on coverage,” the official stated. “By attacking the invoice the way in which he did, Musk has clearly picked a aspect.”



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