Elon Musk has vocally criticized President Trump's 'Big Beautiful Bill', labeling it the 'Debt Slavery Bill' on social media and mobilizing his followers to oppose it. He argues that it endangers financial stability by potentially adding over $2 trillion to the national deficit over the next decade. Despite Musk's impassioned pleas, responses from Republican leaders have been largely dismissive, with House Speaker Mike Johnson emphasizing the complexities of existing legislative efforts. Speculation suggests Musk may also be opposed due to the bill's phasing out of tax credits for electric vehicles, an area of personal business interest.
Multiple independent forecasters have said that the version of the bill passed by the House last month would add more than $2 trillion to the deficit over the next 10 years.
We don't have time for a brand new bill. And I want Elon and all my friends to recognize the complexity of what we've accomplished here.
Musk has taken to calling it the 'Debt Slavery Bill,' said the bill is at odds with the goals of DOGE and urged Republicans to scrap the bill.
I know that has an effect on his business, and I lament that.
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