Tesla CEO Elon Musk is making waves after criticizing former U.S. President Donald Trump's latest tax and spending plan, calling it a "deficit disaster" in a fiery social media post. The bill – narrowly passed by the House on May 22 – extends Trump-era tax cuts, adds perks for auto loans 💳, and pumps funds into defense and border security.
Musk's Exit & Economic Concerns
Musk announced Wednesday he's stepping down from his advisory role in Trump's administration, saying his time as a "Special Government Employee" had ended. While thanking Trump for the opportunity to tackle wasteful spending, the tech mogul doubled down on his critique: "This bill prioritizes short-term gains over long-term fiscal stability."
What's in the Bill? 🧾
Extended 2017 tax cuts for corporations and high earners
New consumer tax breaks (hello, car shoppers! 🚗)
15% boost to defense spending
$8B increase for immigration enforcement
Analysts say Musk's criticism highlights growing tension between tech leaders and traditional policy frameworks. Could this spark more Silicon Valley pushback? 👀
