What exactly is Trump’s ‘Big Beautiful Bill’ that Musk hates so much?

Big Beautiful Bill

Trump calls it his ‘Big Beautiful Bill’, but Musk calls it a ‘Disgusting Abomination’ – who’s right?

Trump’s Big Beautiful Bill is a sweeping tax and spending package aimed at making his 2017 tax cuts permanent while introducing new tax breaks and budget reforms.

It eliminates taxes on tips and overtime, raises the State and Local Tax (SALT) deduction cap, and creates government-funded savings accounts for newborns.

The bill also imposes stricter Medicaid work requirements, cuts funding for green energy incentives, and repeals taxes on gun silencers and indoor tanning.

Critics, including Elon Musk, argue it will increase the budget deficit by $2.5 trillion, burdening future generations with unsustainable U.S. debt.

Musk’s opposition to the Bill

Elon Musk has fiercely opposed Trump’s Big Beautiful Bill, calling it a “disgusting abomination”.

His main concerns include:

Massive Spending & Deficit Growth: Musk argues the bill adds $2.5 trillion to the federal deficit, saddling future generations with unsustainable debt.

Pork-Filled Legislation: He claims the bill is packed with wasteful spending that benefits political allies rather than the American people.

Cuts to EV & Solar Incentives: The bill removes tax credits for electric vehicles and solar energy, which directly impacts Tesla and Musk’s clean energy initiatives.

Unfair Favouritism: Musk believes the bill protects oil & gas subsidies while cutting incentives for renewable energy.

Lack of Transparency: He insists the bill was rushed through Congress without proper review, saying even lawmakers barely had time to read it.

Trump, on the other hand, has dismissed Musk’s criticism, saying he’s “very disappointed” and believes Musk is upset mainly because of the EV tax credit removal.

The feud continues to escalate, with Musk urging lawmakers to “kill the bill.”

Who does the Bill really benefit?

Trump and Musk feud – love to hate in 137 days – a billionaire brawl

Trump Musk Argue

It’s a worry – arguably the most powerful man in the world and the richest man in the world in a highly visible fallout.

Unrest and distrust at the top of U.S. government and the and in the corporate world – so what’s new?

Donald Trump and Elon Musk, once allies, have engaged in a heated public feud over a tax and spending bill. The conflict began when Musk criticised Trump’s “Big Beautiful Bill,” calling it a “disgusting abomination” and warning it would increase the budget deficit. Trump retaliated on Truth Social, calling Musk “CRAZY” and threatening to terminate billions of dollars in government contracts for his companies.

Musk fired back on X, claiming Trump would have lost the election without his support and accusing him of being named in the unreleased Epstein files.

The spat has had financial repercussions, with Tesla’s stock plummeting over 14%, wiping out $152 billion in market value. Investors fear the fallout could impact Tesla’s regulatory environment under Trump’s administration.

Tesla 5-day chart

Tesla 5-day chart – 14% fall

Political figures have weighed in, with billionaire Bill Ackman urging the two to reconcile, while Steve Bannon suggested Trump should seize SpaceX under the Defence Production Act. Musk also polled followers on whether to create a new political party, gaining support from Mark Cuban and Andrew Yang.

It got worse

Elon Musk escalated his feud with Donald Trump by making explosive claims that Trump appears in the Epstein files, suggesting that this is why they have not been made public. Musk posted on X, “Time to drop the really big bomb: Donald Trump is in the Epstein files. That is the real reason they have not been made public.

“Have a nice day, DJT!”. He later doubled down, telling followers to “mark this post for the future” and insisting that “the truth will come out”.

Trump has denied any wrongdoing and dismissed Musk’s claims as retaliation for his tax bill. The White House press secretary called Musk’s comments “an unfortunate episode” and insisted that Trump is focused on passing his legislation.

Musk also endorsed a call for Trump’s impeachment, agreeing with a post that suggested Vice President JD Vance should replace Trump. This marks a dramatic shift, as Musk was previously a close ally of Trump and even held a government advisory role.

The feud continues to escalate, with Musk calling for the bill’s rejection and Trump defending it as a historic tax cut.

The position and authority of U.S. President Trump have been challenged. How will tariff trade negotiations and his standing with other world leaders progress from here?

I do have a couple of questions: why did Musk back Trump in the first place and, at what point in the 137 ‘love in’ days did he know about the Epstein link (if indeed there is one)?

Or did he know before?

Who to trust?