Billionaire Elon Musk called again for a new political party, saying the bill's massive spending indicated "that we live in a one-party country – the PORKY PIG PARTY!!"
"Time for a new political party that actually cares about the people," he wrote.
The Tesla and SpaceX CEO renewed his criticism of President Donald Trump's sweeping tax-cut and spending bill, vowing to unseat lawmakers who backed it after campaigning on limiting government spending.
After weeks of relative silence following a feud with Trump over the legislation, Musk rejoined the debate Saturday as the Senate took up the package, calling it "utterly insane and destructive" in a post on social media platform X.
Musk ramped up his criticism Monday, saying lawmakers who had campaigned on cutting spending but backed the bill "should hang their heads in shame!"
"And they will lose their primary next year if it is the last thing I do on this Earth," Musk said.
Musk's criticism of the bill has caused a rift in his relationship with Trump, marking a dramatic shift after the tech billionaire spent nearly $300 million on Trump's re-election campaign and led the administration's controversial Department of Government Efficiency (DOGE), a federal cost-cutting initiative.
Musk, the world's richest man, has argued that the legislation would greatly increase the national debt and erase the savings he says he has achieved through DOGE.
It remains unclear how much sway Musk has over Congress or what effect his opinions might have on the bill's passage. But Republicans have expressed concern that his on-again, off-again feud with Trump could hurt their chances to protect their majority in the 2026 midterm congressional elections.
The rift has also led to volatility for Tesla, with shares of the company seeing wild price swings that erased approximately $150 billion of its market value, though it has since recovered. (Reporting by Nandita Bose in Washington and Kritika Lamba in Bengaluru, Editing by Colleen Jenkins and Rosalba O'Brien)
President Donald Trump on Tuesday suggested his efficiency department should take a look at cutting the subsidies that Tesla CEO Elon Musk's companies have received to save the federal government money.
"Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa," Trump said on Truth Social.
"No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!"
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