Musk 'disappointed' by Trump's tax and spending bill
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Archived from the IMDb Discussion Forums — Politics
Corwin — 10 months ago(May 28, 2025 11:26 AM)
www.bbc.com/news/articles/c20q54vn0evo
Oh well
Elon Musk has criticised one of the signature policies of his close ally, US President Donald Trump.
Last week, the US House of Representatives narrowly passed what Trump calls his "big, beautiful" bill, which includes multi-trillion dollar tax breaks and a pledge to increase defence spending. It will now head to the the Senate.
Tech titan Musk told the BBC's US partner CBS News he was "disappointed" by the plan, which he felt "undermines" the work he did for the president on reducing spending.
Musk was enlisted as Trump's cost-cutting tsar - ending funds for US foreign aid among other projects - before announcing he would step back. He also recently said he would cut his political spending.
"I was disappointed to see the massive spending bill, frankly," Musk said in the interview with CBS Sunday Morning, a clip of which was released by the broadcaster before transmission.
He went on to argue that Trump's plan "increases the budget deficit, not just decreases it".
It is thought that the legislation could increase the deficit - or the difference between what the US government spends and the revenue that it receives - by about $600bn (£444bn) in the next fiscal year.
Furthermore, the bill "undermines the work that the Doge team is doing", Musk said, using the acronym of the cost-cutting advisory body the Department of Government Efficiency." -
Yermom_Is_God — 10 months ago(May 28, 2025 03:38 PM)
Just hope that the MAGA voters here who are concerned about their national debt are having little panic attacks.
Why would we be? Reckless spending and blowing out the debt has been a regular occurrence with our government for the past 2 and a half decades. Aside from maybe 3 or 4 Republicans in Congress nobody gives a **** about the debt, they just pretend to when they're not in office.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot
