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Speaker Johnson Reacts To Elon Musk Calling GOP Budget Bill 'Disgusting Abomination'
Forbes Breaking News
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6/3/2025
Speaker Johnson responds to Elon Musk calling the GOP budget reconciliation bill a "disgusting abomination."
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00:00
Mr. Stinker, what do you say to Elon Musk who just called your bill a disgusting combination?
00:05
Yeah, let me say this.
00:07
It's very disappointing, okay?
00:09
I've come to consider Elon a good friend.
00:11
He's obviously a very intelligent person, and he's done a lot of great work.
00:15
We've applauded all the work they've done with Doge and
00:18
identifying fraud, waste, and abuse in the government.
00:20
It's a very important service that's been performed.
00:22
And we're so excited about it, we're now in the process of codifying that.
00:25
As you all know, the administration has qualified and quantified the fraud,
00:30
waste, and abuse that they found in Doge.
00:32
They're sending it to us to codify, and that's what we'll be doing with the
00:35
rescissions package and the appropriations process.
00:37
And so that's something we're very excited about.
00:39
But with all due respect, my friend Elon is terribly wrong about the one big,
00:44
beautiful bill.
00:45
We had a long conversation yesterday, he and I spoke for, I think,
00:48
more than 20 minutes on the telephone.
00:50
And I extolled all the virtues of the bill, and he seemed to understand that.
00:54
We had a very friendly conversation about it.
00:56
And I told him that we're achieving not only all of our priorities,
01:00
all the promises we made on the campaign trail,
01:02
all the America First agenda wrapped into this legislation.
01:05
We're also achieving, the top line on this is two very important things.
01:09
We're making permanent a massive tax cut.
01:12
And we are making a massive reduction in spending.
01:15
$1.6 trillion is the calculation.
01:18
I've said this many times, I'll be saying it until we get this thing over the line.
01:22
This is the most amount of money that any government has ever saved on planet Earth
01:25
in a piece of legislation, ever.
01:27
She said you're right.
01:27
It's a very important first start.
01:29
Elon is missing it, okay?
01:31
And it's not personal.
01:33
I know that the EB mandate is very important to him.
01:37
That is going away because the government should not be subsidizing these things.
01:40
It's part of the Green New Deal.
01:42
And I know that has an effect on his business, and I lament that.
01:45
We talked about the ramp-down period on that and how that should be duly considered by Congress.
01:50
But for him to come out and pan the whole bill is to me just very disappointing, very surprising,
01:56
in light of the conversation I had with him yesterday.
01:57
Do you think it's Tesla's what's driving this, is that what you're suggesting?
02:01
I'm going to let others draw their own conclusions about that, but this is not personal between any of us.
02:06
I just deeply regret that he's made this mistake.
02:10
I would tell you, listen, I'm going to remind everybody again.
02:13
Every hard-working American ought to be in favor of this bill.
02:15
This is geared for middle and lower-income Americans.
02:19
It is going to give dramatic tax relief, historic tax relief.
02:22
It is going to make sure that we get American energy dominant again.
02:26
It's going to fix the border, which is a top priority for everybody in the country.
02:29
It's going to help us with our military industrial base at one of the most dangerous times in the history of our country.
02:35
All these things wrapped into regulatory reform, I mean, this is the key to the economic resurgence of America.
02:42
It's going to be jet fuel for the economy, and the sooner we do it, the better.
02:45
And by the way, the debt ceiling is also wrapped into this legislation.
02:49
That is a dangerous thing for Elon or anyone who cares about the U.S. economy to be meddling with, and I think the risk is very great.
02:57
We have to pass this legislation.
02:58
The Senate is doing some good, thoughtful, deliberate work right now.
03:01
We're looking forward to moving it through the process, and the president is very much looking forward to
03:05
stung that into law by an independent state.
03:07
Are you worried?
03:08
Are you worried about how much is going to be raised?
03:09
Are you worried about how much is going to be raised, guys?
03:10
How much is going to be raised, guys?
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