Overview

• On July 1, Musk renewed his criticism during Senate Republicans’ push to finish votes on the reconciliation measure before the July 4 deadline.
• He labeled the GOP the “Porky Pig Party” and condemned the bill’s record $5 trillion debt-ceiling increase.
• Musk vowed to bankroll primary challengers against any Republican lawmaker who supports the legislation.
• He pledged to launch a rival America Party the day after enactment to break the Democrat-Republican duopoly.
• The 900-page reconciliation bill extends 2017 tax cuts and boosts border security but CBO analysis projects it will add $3.3 trillion to the national debt over ten years.