By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Elon Musk derides Donald Trump’s tax bill as ‘a disgusting abomination’
News

Elon Musk derides Donald Trump’s tax bill as ‘a disgusting abomination’

News Room
Last updated: 2025/06/03 at 2:19 PM
By News Room
Share
2 Min Read
SHARE

Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

Elon Musk has lambasted Donald Trump’s signature tax bill, calling it “a disgusting abomination”, in an outburst that threatens to destroy the relationship between the US president and his billionaire backer.

In a series of posts on his social media site X on Tuesday, Musk, who abruptly left the administration last week, hit out at what he called a “massive, outrageous, pork-filled Congressional spending bill”.

He added: “Shame on those who voted for it: you know you did wrong. You know it.”

Musk’s comments came just hours after Trump had criticised Republican Senator Rand Paul, a staunch fiscal conservative, for his opposition to the proposed legislation, which the president described as a “BIG GROWTH BILL” on his social media platform.

The legislation, which Trump had coined his “big, beautiful bill”, passed the House last month by one vote and is currently being considered by the Senate. It has been criticised by fiscal hawks for adding trillions to the national debt when investors are already worried about the US’s widening deficit.

Supporters of Musk’s so-called Department of Government Efficiency (Doge) have also criticised the bill, claiming it would undo some of the initiative’s savings.

Asked about Musk’s latest comments, White House press secretary Karoline Leavitt said: “Look, the president already knows where Elon Musk stood on this bill. It doesn’t change the president’s opinion. This is one big, beautiful bill, and he’s sticking to it.”

This is a developing story

Read the full article here

News Room June 3, 2025 June 3, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Stocks drop and oil surges following Israel’s attack on Iran, black box found from Air India crash

Watch full video on YouTube

We Went To Canada To See The U.S. Product Boycotts — And What We Found Was Striking

Watch full video on YouTube

Stocks fall on Middle East tensions, Tesla registrations drop, Trump prepares for G7 summit

Watch full video on YouTube

Why Americans Keep Moving Into Gated Communities

Watch full video on YouTube

Stocks close in the red, tariff, trade policies, and the impact on markets AI toys

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Client Challenge

By News Room
News

Donald Trump’s escalating attacks on Federal Reserve unnerve investors

By News Room
News

Spain overtakes Germany as top EU asylum destination

By News Room
News

Brussels stalls probe into Elon Musk’s X amid US trade talks

By News Room
News

The fight to revive Europe’s shrinking rural areas

By News Room
News

Should China adopt a zero interest rate?

By News Room
News

China’s Belt and Road investment and construction activity hits record

By News Room
News

Von der Leyen botches €2tn EU budget proposal with chaotic infighting

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?