Elon Musk publicly criticised US President Donald Trump’s domestic policy bill that “undermines” his cost-cutting efforts.
The tech giant, in an interview with CBS News, acknowledged that he was “disappointed” by the bill, which included multi-trillion dollar tax breaks, passed by Republicans last week with massive support from the president.
The ‘big’ and ‘beautiful’ bill
Tesla and SpaceX owner who recently stepped down from running the Department of Government Efficiency (DOGE) during an exclusive interview with CBS Sunday Morning said, “I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing.”
“I think a bill can be big or it can be beautiful, but I don't know if it can be both. My personal opinion," he added.
The complete interview will be aired next month, but the newly released clip from it has put Musk at odds with the Republican president.
What does the ‘beautiful’ bill say?
The US House of Representatives narrowly passed a bill that includes multi-trillion dollar tax breaks and demands to increase defence spending, reported BBC.
It is believed that the bill, if it becomes legislation, could increase the deficit, the difference between the US government's spending and the revenue, by around $600bn (£444bn) in the next fiscal year.
It will also extend soon-to-expire tax cuts passed during Trump’s first term in 2017, along with increased defense spending and funds for mass deportation.
Notably, the legislation still needs to pass the Senate and then the president’s signature to become a law.
