Musk calls Trump's tax and spending bill an 'abomination'

Jun 04, 2025
BBC News
Musk calls Trump's tax and spending bill an 'abomination'
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Musk calls Trump's tax and spending bill an 'abomination'

Former Tesla CEO criticises bill's lack of fiscal discipline

Elon Musk, the billionaire founder of Tesla and SpaceX, has criticised President Trump's new tax and spending bill, calling it an abomination. The bill, officially named the Inflation Reduction Act of 2022, includes measures to address climate change, healthcare, and tax increases, but lacks fiscal discipline, according to Musk. The bill's impact on the US economy, markets, and various industries is currently a hot topic among economists and the public.

Original source: BBC News