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Musk says
he’s ‘disappointed’ with Trump-backed megabill
The
billionaire’s criticism could influence the megabill’s prospects in the Senate.
“I think a
bill can be big, or it can be beautiful, but I don’t know if it can be both, in
my personal opinion,” Elon Musk said. |
By Gregory
Svirnovskiy
05/27/2025
10:54 PM EDT
Elon Musk
seems to be unhappy with the sweeping spending bill narrowly passed by the
House at the urging of President Donald Trump.
Musk, in
unusual criticism of a cause favored by his ally the president, said in an
interview excerpt released Tuesday that the Trump-backed “Big Beautiful Bill”
contradicts the goals of his Department of Government Efficiency.
“I was
disappointed to see the massive spending bill, frankly, which increases the
deficit, not just decreases it, and undermines the work that the DOGE team is
doing,” the billionaire Tesla CEO said in an interview with CBS scheduled to
run in full on Sunday.
The
megabill, which passed through the House by a single vote last week,
incorporates much of Trump’s domestic agenda on tax cuts, immigration and other
matters.
“I think a
bill can be big, or it can be beautiful, but I don’t know if it can be both, in
my personal opinion,” he added.
Musk
launched DOGE with a promise of $2 trillion in savings. It has hollowed out or
shut down 11 federal agencies and about 250,000 federal workers have left their
jobs and says it has saved the taxpayers $160 billion. Meanwhile, total
government spending has increased, according to the nonpartisan Penn Wharton
Budget Model, which tracks weekly Treasury data.
The
billionaire’s criticism could influence the eventual content of the megabill,
which faces uncertain prospects in the Senate.
Republican
Wisconsin Sen. Ron Johnson, a Trump ally, is pushing for deeper cuts to reduce
the deficit. Others in the GOP object to the extent of Medicaid cuts in the
legislation and the rollback of Inflation Reduction Act tax credits.
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