Musk blasts ‘insane and destructive’ Senate version of Trump tax bill – Washington Examiner
Elon Musk has publicly criticized the Senate version of the tax bill endorsed by President Donald Trump, labeling it as “utterly insane and destructive.” Musk had previously engaged in a heated dispute with Trump over the House’s version of the legislation, and he expressed similar disdain for the Senate’s updated text, which includes significant cuts to clean energy initiatives and an accelerated termination of electric vehicle tax credits critical to Tesla. Musk believes the bill will result in massive job losses in the U.S. and harm future industries, stating that it disproportionately benefits outdated sectors. The Senate is currently in the process of voting on the bill.
Musk blasts ‘insane and destructive’ Senate version of Trump tax bill
Former top White House adviser Elon Musk renewed his criticism of President Donald Trump‘s “big, beautiful bill,” this time trashing the Senate‘s version of the massive tax bill as “utterly insane and destructive.”
Musk, who engaged in a fiery online public feud with Trump over the House’s version of the bill earlier this month, signaled that he thinks no different of the Senate bill text, an updated version of which was released late on Friday.
“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country! Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future,” Musk posted on X.
The updated version of the tax bill released by the Senate Budget Committee includes bigger cuts to clean energy as well as an earlier termination of electric vehicle tax credits, which are pertinent to Musk as CEO of Tesla.
SENATE GOP INCLUDES STEEPER CUTS TO CLEAN ENERGY CREDITS IN UPDATED TAX BILL
Under the House version, EV tax credits weren’t slated to expire until as late as 180 days after the bill’s signing into law. The Senate accelerated the credits’ termination to as soon as the end of September.
The Senate is currently engaged in an initial procedural vote on the tax bill, with a final vote on the bill likely getting pushed further into the weekend.
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