2025-06-28T21:11:35Z

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In a recent and strong condemnation, billionaire entrepreneur Elon Musk has voiced his opposition to the latest tax and spending bill proposed by the United States Senate. Musk asserted that the bill poses a significant risk of causing “immense strategic harm” to the nation. This criticism follows a series of exchanges between Musk and President Donald Trump, where they previously exchanged sharp remarks regarding Musk’s disapproval of the so-called ‘Big, Beautiful Bill.’ Despite their recent differences, it seems Musk hasn’t held back in expressing his views on this critical piece of legislation.

On his social media platform, X, Musk shared his concerns, stating, “The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!” He further elaborated on his perspective, labeling the bill as “utterly insane and destructive.” Musk's main contention centers around the bill's intention to provide financial assistance to traditional industries while simultaneously jeopardizing the growth potential of more innovative sectors.

These remarks from Musk come at a pivotal time, as the US Senate is poised to conduct an important vote on the bill this coming Saturday, local time. Republicans in the Senate are racing against the clock to advance President Trump’s proposed legislation, which encompasses a range of measures including tax cuts, reductions in government spending, and increased funding for deportation efforts, all of which must be finalized before the Independence Day deadline on July 4th.

The Republican majority in the Senate is leveraging its power to navigate around opposition from Democratic lawmakers, pushing the bill forward despite significant controversies. However, it's notable that not all members of the Republican party are in full support of the legislation. A number of Republican senators have expressed their concerns regarding the bill's proposed cuts to essential programs such as Medicaid and food stamps.

This latest version of the bill, which spans a hefty 940 pages, is a complex amalgamation of tax breaks, cuts to government spending on crucial welfare programs, and increased funding for Republican priorities, including national defense and immigration enforcement. With this bill being a cornerstone of Trump’s legislative agenda, the urgency to pass it through Congress is palpable. Trump has called upon his party’s lawmakers, who maintain a majority in both the Senate and the House of Representatives, to ensure the bill’s passage by the nation’s celebration of independence.

As the Senate gears up to work through the weekend in a bid to pass the legislation and send it back to the House for a final vote, the Democratic party remains staunchly opposed to the bill, voicing their dissent and concerns about the potential impact on American families and the economy.

With contributions from the Associated Press.