Musk criticizes the Big and Beautiful Act again: it will cause huge harm to the United States

date
29/06/2025
avatar
GMT Eight
On Saturday local time, Musk posted on social media platforms saying that the latest draft of the US Senate's massive tax and spending bill "will destroy millions of jobs in the US and cause huge strategic damage to the country".
According to CCTV News, on Saturday local time, Musk posted on social media platforms stating that the latest draft of the U.S. Senate's large-scale taxation and spending bill "will destroy millions of jobs in America and cause huge strategic damage to the country." Musk pointed out that this bill is extremely crazy and destructive, providing support to past industries while severely harming future industries. Musk cited a poll by the Tarrance Group, stating that "the poll shows that this bill is political suicide for the Republican Party." It is reported that the revised bill significantly cuts subsidies for clean energy such as wind power and CECEP Solar Energy, as well as tax credits for electric vehicles, which is unfavorable news for companies hoping for continued government support for environmental projects. Adrian Deveny, founder and president of policy consulting firm Climate Vision, commented that the new bill could be a fatal blow to the clean energy industry, increasing costs for wind power and CECEP Solar Energy projects by 10% to 20%. Just a few weeks ago, Musk also criticized this bill, referred to by Trump as "big and beautiful," leading to a complete split between them. In the intense confrontation, their mutual attacks escalated, even threatening to use their power to suppress each other. Currently, Musk has focused on running his businesses, but he has not reconciled with Trump, and their relationship has changed from being a match made in heaven to being strangers. On Saturday, the Senate held its first procedural vote on the "big and beautiful" bill, with Senate Majority Leader John Thune and his team actively lobbying, and Trump pressuring Republicans to support the bill. Prior to the vote, Trump met with Republican senators Rick Scott and Ron Johnson, as they publicly opposed the "big and beautiful" bill. Thune can only afford to lose three Republican votes in the Senate, so it is not certain that the bill will definitely pass. However, Republican leadership believes they will ultimately succeed, to some extent, thanks to Trump's immense pressure. On that day, Senate Minority Leader Schumer said the Democrats would force the reading of the 940-page bill in the Senate. Reading the bill will take hours, which is a strategy to delay the passage of the bill, potentially delaying the voting process for more than a dozen hours. All of this means that Trump and Republican leaders will have a tense Saturday. Trump told Republicans that he hopes to sign the bill at the White House on July 4th. This article is reprinted from "Cai Lian She"; GMTEight Editor: Li Fo.