00:00United States, U.S. billionaire and one of the major prominent persons that campaigned with his own resources for the return of President Donald Trump to the White House for a second tenure, Elon Musk has again condemned the latest version of tax and spending bill presented by President Trump as released by the U.S. Senate, describing the President policy as utterly destructive that will destroy millions of jobs in the U.S. and caused a strategic harm to the country.
00:27This, Elon Musk stated on Saturday barely few weeks he settled feud with President Trump after he had openly rejected the bill and criticized the policy which sparked serious concerns between both who had continued for days to lash out on each other with words on social media.
00:44Elon Musk made the latest expression of strong disapproval against the tax, spending policy on Saturday in a comment he made in reaction to an ex-social media tweet of Jesse D. Jenkins he reshared on his personal verified ex-social media handle.
00:59Jesse's D. Jenkins had tweeted that,
01:02The new Senate draft raises taxes on all wind and solar projects that haven't begun construction today unless they are placed service by end of 2027 and navigate complex, likely unworkable requirements to prove they don't use a drop of Chinese materials.
01:19After that, this bill adds a new tax on wind and solar projects that can't prove the same.
01:25Reacting, Elon Musk tweeted and said,
01:28The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country.
01:36Utterly insane and destructive, it gives handouts to industries of the past while severely damaging industries of the future.
01:43It would be recalled that after the verbal altercations between Elon Musk and Donald Trump, the U.S. billionaire, Elon Musk says on X that he regrets some of the barbs he posted as he and President Trump traded insults on social media, saying,
01:59They went too far.
02:01Hours after Musk posted about regretting his comments, the New York Post published a pre-taped interview with Trump in which he said he had,
02:08No hard feelings, toward Musk.
02:12Trump had described the spending legislation as the,
02:15Big beautiful bill, while Musk said Trump wouldn't have won the election without him and accused him of undermining the work of Doge in cutting billions from federal budgets.
02:25The feud occurred less than a week after President Trump and Musk lavished praise on each other in the Oval Office.
02:31Trump had celebrated Musk's work as the head of the Department of Government Efficiency, Doge, overseeing the slashing of billions of dollars in federal spending.
02:42Speaking at his send-off at the White House before the feud ensued, the U.S. president called Musk,
02:48One of the greatest business leaders and innovators the world has ever produced.
02:52Just want to say that Elon has worked tirelessly helping lead the most sweeping and consequential government reform program in generations, he added.
03:02In reply, Musk, who was presented with a golden key featuring the White House insignia, said he would continue to visit Trump as, a friend and advisor.
03:12Looking around the room at Trump's new golden decorations, according to local media, the entrepreneur said,
03:19The Oval Office finally has the majesty that it deserves, thanks to the president.
03:24The bill, which narrowly passed the House of Representatives last month but faces challenges in the Senate, includes large tax cuts and the raising of the national debt ceiling.
03:35Musk, who says the bill undermines all the savings made by Doge, started to forcefully condemn it.
03:41The bill is, massive, outrageous, pork-filled, and a, disgusting abomination, Musk said.
03:49The Tesla CEO also lambasted House Republicans for voting for what he calls the, big ugly bill, which he claims will increase the U.S.
03:58Deficit to $2.5 trillion, $2.19 trillion euros.
04:05Musk reposted some old Trump social media posts, including one in which the now U.S. president said that,
04:12No member of Congress should be eligible for re-election, unless the country's budget was balanced.
04:17I couldn't agree more, Musk wrote, in direct criticism of Trump's sweeping tax and spending bill.
04:24Trump said he was, very disappointed, by Musk, before expressing doubts about whether the, great relationship, would continue.
04:33The dispute then became more personal, with Musk, who gave the Trump campaign hundreds of millions of dollars last year,
04:41saying that the U.S. president would not be in the White House without him.
04:44Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate, Musk wrote on X.
04:55Such ingratitude, he concluded, the easiest way to save money in our budget, billions and billions of dollars,
05:02is to terminate Elon's governmental subsidies and contracts, Trump wrote on his Truth Social platform.
05:09I was always surprised that Biden didn't do it.
05:12He added, Musk retaliated by claiming that Trump's name appears in the files of the paedophile and disgraced financier,
05:20Jeffrey Epstein, alleging that this was the, real reason they have not been made public.
05:26The White House said on Thursday evening that Musk's Epstein claim was an, unfortunate episode.
05:31The Trump administration has suggested the tech billionaire's criticism of the landmark bill stems from his disappointment
05:38that it does not contain policies favorable to him, something Musk has denied.
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