Overview

• Musk posted on X that any member of Congress who campaigned on cutting spending but votes for Trump’s “One Big, Beautiful Bill” should “hang their head in shame” and “will lose their primary next year.”
• As Senate Republicans engage in a marathon vote-a-rama ahead of a self-imposed July 4 deadline, Musk has pledged to fund primary challengers against GOP supporters of the 900-page reconciliation package.
• Musk labeled the measure an “insane spending bill” for raising the debt ceiling by a record $5 trillion and said he would launch a new “America Party” the day after its passage to challenge the two-party system.
• The tax-and-spending package aims to extend 2017 tax cuts, boost border security and defense funding, and includes cuts to Medicaid and SNAP that the CBO projects would add $3.3 trillion to deficits over a decade.
• Musk, who poured over $250 million into Trump’s 2024 campaign and headed the Department of Government Efficiency until late May, is leveraging his political clout in this budget fight.