Overview

• Musk has labeled Trump’s “One Big Beautiful Bill” a “disgusting abomination” and warned it will bankrupt America if enacted.
• The House-approved package extends 2017 tax cuts, increases defense and border security funding, and lifts the debt ceiling by up to $5 trillion.
• Congressional Budget Office analysis projects the plan will add $2.4 trillion to deficits over the next decade while cutting federal revenues by $3.7 trillion.
• Musk is urging followers on X to call their senators and representatives to block the bill and has threatened to finance primary challenges against its supporters.
• The White House has dismissed deficit warnings as a “hoax,” with Press Secretary Karoline Leavitt reiterating President Trump’s commitment to passing the legislation.