Musk shreds Trump's tax bill as 'DEBT SLAVERY,' vows to unseat Republicans who back it

Tesla and SpaceX CEO Elon Musk unloaded on the massive tax-and-spending bill that Trump is pushing Republicans to quickly ram through Congress

Musk vowed that any fiscal conservatives who vote for the bill will face his wrath in their next primary races

Tesla CEO Elon Musk attends a cabinet meeting held by U

Evelyn Hockstein | ReutersHe may have stopped openly feuding with President Donald Trump, but Elon Musk isn't backing off his bid to kill Trump's signature megabill

The Tesla and SpaceX CEO unloaded Monday on the massive tax-and-spending legislation that Trump is pushing Republicans to quickly ram through Congress, labeling it a "DEBT SLAVERY bill" and calling out its supporters by name

The uber-rich Musk — who spent around $290 million backing Trump and other Republicans in the 2024 election cycle and beyond — called for a "new political party. "He even vowed that any fiscal conservatives who vote for the bill will face his wrath in their next primary races. "Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame. " Musk wrote in a series of posts on his social media site, X. "And they will lose their primary next year if it is the last thing I do on this Earth," he added

Musk's tirade came as the voting is underway in the Senate on dozens of amendments to the massive bill, as part of the complicated reconciliation cess that enables the GOP to pass it without Democratic support

If the Senate passes the revised version of the bill, it must return to the House for a final vote before heading to Trump's desk to be signed into law

Musk's threats to unseat Republican backers of the bill could carry more weight in the House than they do in the Senate

All House members face primary and general elections every two years, while senators have six-year terms and staggered elections

The House elections are held in members' congressional districts, rather than in statewide races, which means that a large injection of campaign cash toward a primary challenger's campaign could make a bigger impact

Musk has previously sounded off on the sprawling bill over visions that would hike the debt ceiling by trillions of dollars and roll back clean energy credits while offering a new tax incentive for coal duction

Tesla's energy division sells solar panels

Musk leaned into his criticism Monday afternoon, writing, "It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we in a one-party country – the PORKY PIG PARTY. ""Time for a new political party that actually cares the people," he wrote

He also singled out two House Republicans, Andy Harris of Maryland and Chip Roy of Texas, who are members of the extra-conservative Freedom Caucus but did not vote against the bill

Read more CNBC coverageTrump's bill gets a boost as Senate Republicans say they have a dealMusk shreds Trump bill as 'DEBT SLAVERY,' vows to unseat Republicans who back itTrump rips AT&T service weeks after Trump Mobile licensing deal announcedTrump administration: Harvard violated civil rights of Jewish studentsWhite House says Canada 'caved' to Trump over digital services taxSenate sets record for longest vote-a-rama as Trump's spending bill teetersU. 's 'historic' trade deal with U

Comes into effectCanada rescinds digital services tax after Trump cuts off U

Thom Tillis says he won't seek re-election after opposing Trump megabill"How can you call yourself the Freedom Caucus if you vote for a DEBT SLAVERY bill with the biggest debt ceiling increase in history. " Musk wrote, tagging both congressmen by their social media handles

Harris, the Freedom Caucus chairman, voted present for the bill that passed the House in May

He explained at the time that he did so to "move the bill along in the cess for the President," but added, "there is still a lot of work to be done in deficit reduction and ending waste, fraud, and abuse in the Medicaid gram. "This is news

Please check back for.