Close Menu
    Trending
    • Millionaire Migrations: Where Millionaires Are Moving Globally
    • The 3 Keys to a Perfect Franchise Fit
    • Minister tells UK’s Turing AI institute to focus on defence
    • Kachelman: Celebrating Life Liberty and the Pursuit of Happiness this 4th of July | The Gateway Pundit
    • Ashton Kutcher Nurses Injury On Vacation With Mila Kunis
    • Russian use of chemical weapons against Ukraine ‘widespread’, Dutch defence minister says
    • UN says 613 Gaza killings recorded at aid sites, near humanitarian convoys | Gaza News
    • Liverpool player Diogo Jota dies in tragic accident at 28
    The Daily FuseThe Daily Fuse
    • Home
    • Latest News
    • Politics
    • World News
    • Tech News
    • Business
    • Sports
    • More
      • World Economy
      • Entertaiment
      • Finance
      • Opinions
      • Trending News
    The Daily FuseThe Daily Fuse
    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
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Trump, Musk feud deepens over sweeping tax-cut bill as Tesla shares plunge
    Share
    Facebook Twitter LinkedIn Pinterest Email


    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.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The Daily Fuse
    • Website

    Related Posts

    Russian use of chemical weapons against Ukraine ‘widespread’, Dutch defence minister says

    July 4, 2025

    Second day of travel chaos as French air traffic controllers strike

    July 4, 2025

    Trump says he expects Hamas decision in 24 hours on ‘final’ peace proposal

    July 4, 2025

    India backs Dalai Lama’s position on successor, contradicting China

    July 4, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    One prime cut or trade candidate for every AFC team

    February 26, 2025

    Map: 5.1-Magnitude Earthquake Strikes Australia

    April 22, 2025

    Cloud Retail Brings Your Business Success

    May 25, 2025

    Russia-Ukraine war: List of key events, day 1,199 | Russia-Ukraine war News

    June 7, 2025

    Two notable ex-Lakers figures could join Mavericks

    July 3, 2025
    Categories
    • Business
    • Entertainment News
    • Finance
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Thedailyfuse.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.