Elon Musk spends “far less” on future political contributions
Elon Musk said he plans to spend “a lot less” on political contributions after supporting Donald Trump in the 2024 presidential election.
Scripps News
WASHINGTON – Billionaire Elon Musk said in an interview that he was “disappointed” at the cost of Donald Trump’s rather ballyhooed swept tax bill passed in the House.
On May 22, the House passed the Megaville with a 215-214 vote to extend Trump’s 2017 tax cuts, promote defense and border security spending, and implement new requirements for the Supplemental Nutrition Assistance Program. Trump calls it a “big and beautiful” bill.
But Musk said in an exclusive interview with CBS Sunday morning that he was “frankly disappointed to see a massive spending bill that cuts it down and not only undermines the work the Doge team is doing, but also increases the fiscal deficit.”
The nonpartisan Congressional Budget Office estimated the bill would add $3.8 trillion to citizen debt over the next decade.
“I think the bill will grow or it might be beautiful, but I don’t know if it’s both. My personal opinion,” Musk said in an interview.
Musk, who was taken away by Trump to lead government efficiency, has made extensive efforts to cut government spending and cut the federal workforce. However, he has since taken the back seat from his role.
The bill then heads to the Senate, where it is expected that the senators will make changes.
Contributor: Riley Begin, USA Today
