Elon Musk's personal opinion of President Trump’s 'big, beautiful' bill is disappointment

Source Cryptopolitan

In a CBS interview set to air on June 1, Musk shared his views regarding Donald Trump’s “big, beautiful” bill passed by the House last week, and he does not seem happy. 

Elon Musk’s coalition with Donald Trump was arguably one of the most influential events that turned the tide of the election and ascertained Trump’s victory. It was a team America did not know it needed, but that coalition now seems to be nearing its end.

Elon Musk’s thoughts on the bill

Elon Musk has heard about Trump’s “big, beautiful” bill and is reportedly “disappointed” enough to offer his most direct criticism of a signature Trump White House policy. The Tesla CEO recently stepped back from his role as the leader of the Department of Government Efficiency (DOGE).

In an interview excerpt released by CBS on Tuesday night, Musk said: “I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it.” The billionaire also added that the expansive budget bill also “undermines the work that the DOGE team is doing.”

The billionaire thinks “a bill can be big or it can be beautiful, but I don’t know if it can be both,” but clarified that it was just his “personal opinion.”

Given his alliance with Trump, not many saw the dissenting opinion coming. However, Musk’s comments have become the most public criticism of a piece of legislation championed by Trump, and many are curious to see how the president will react.

The “big beautiful bill” Musk is so unhappy about will add around $3.3 trillion to the US federal debt over the next decade. That value could rise by an extra $5.2 trillion if lawmakers “ultimately extend temporary provisions, according to an estimate published by the nonpartisan Committee for a Responsible Federal Budget.

Many are well aware of the repercussions; perhaps that is why the controversial bill barely cleared a House vote last week. In fact, it may not have cleared the vote if Trump had not personally stepped in to warn the GOP’s conservative fiscal hawks against messing with his signature agenda.

The bill ultimately passed with 215-214 votes, with all Democrats and two Republicans voting against it, and has now moved to the Senate.

Musk says he has done enough for Trump

Trump may not have won the election last year without the momentum from his Musk coalition and a strong voter movement on X. The team was so effective that many did not see an end in sight. However, Musk seems to be steadily growing weary of funneling money and perhaps energy into the muddy waters of politics.

Already, he has taken a step back from leading DOGE. While addressing the Qatar Economic Forum last week, the billionaire said he would significantly cut back on his political donations.

He said he was “going to do a lot less in the future,” and when pushed for why, his answer was simple but impactful: “I think I’ve done enough.”

The tech mogul reportedly spent more than $200 million to support Trump since the presidential election last year. Now that he does not have his hands full with DOGE anymore, the Tesla CEO has revealed plans to dedicate more of his time to running his company and making sure his X platform stops crashing so often.

So, is this the end of the bromance between Trump and Musk? Only time can tell. However, it does seem like there is trouble in paradise.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
77K Ethereum Moved to Derivatives—Is Another Price Crash Looming?Ethereum has mirrored Bitcoin’s recent recovery trend, posting a near 10% gain over the past week. The asset had previously experienced a sharp correction, but its latest rally saw prices climb
Author  NewsBTC
4 Month 17 Day Thu
Ethereum has mirrored Bitcoin’s recent recovery trend, posting a near 10% gain over the past week. The asset had previously experienced a sharp correction, but its latest rally saw prices climb
placeholder
Bitcoin Must Clear This Critical Cost Basis Level For Continued Upside, Analyst SaysIn a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
Author  NewsBTC
4 Month 23 Day Wed
In a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
placeholder
EUR/USD trades below 1.1250, eases due to ECB dovish signalsEUR/USD is retreating from gains posted in the previous session, trading near 1.1240 during Monday’s Asian session.
Author  FXStreet
5 Month 12 Day Mon
EUR/USD is retreating from gains posted in the previous session, trading near 1.1240 during Monday’s Asian session.
placeholder
BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up?BNB price is consolidating above the $640 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $640 support
Author  FXStreet
5 Month 16 Day Fri
BNB price is consolidating above the $640 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $640 support
placeholder
Cardano (ADA) In Focus: Can It Break This Barrier and Reclaim Momentum?Cardano price started a fresh increase above the $0.7250 zone. ADA is now consolidating and facing hurdles near the $0.760 zone. ADA price started a decent increase above $0.7250 and $0.7320. The
Author  NewsBTC
5 Month 21 Day Wed
Cardano price started a fresh increase above the $0.7250 zone. ADA is now consolidating and facing hurdles near the $0.760 zone. ADA price started a decent increase above $0.7250 and $0.7320. The
goTop
quote