Texas Border Business
Texas Border Business
President Donald Trump and entrepreneur Elon Musk have resumed public disagreements over a major fiscal proposal, with each expressing criticism and warnings on Monday, July 1, 2025.
According to The Washington Post, Elon Musk described the Republican tax-and-spending proposal—known as the “One Big Beautiful Bill”—as “a disgusting abomination” and “pork-filled.” According to the same report, Musk warned that the legislation would expand the federal deficit and harm emerging industries. According to Al Jazeera, he also suggested that this development could lead him to form a new political organization, tentatively named the “America Party.”
According to Politico, President Trump responded by stating that the Department of Government Efficiency (DOGE), where Musk previously served in an advisory role, might conduct audits into federal subsidies and contracts awarded to Musk’s companies, including Tesla and SpaceX. According to the same report, Trump said Musk “may have received more subsidies than anyone else” and suggested, “without subsidies, Elon would probably have to close up shop and head back home to South Africa.” According to The Times (UK), President Trump also commented, “we’ll have to take a look” at Musk’s citizenship status in what some observers described as a rhetorical remark.
According to Reuters, Elon Musk resigned from his formal role at DOGE on May 30, 2025. According to PolitiFact, the DOGE initiative Musk helped oversee was initially framed as targeting $2 trillion in federal spending reductions, although independent assessments estimate actual savings closer to $150–180 billion.
According to Barron’s, Tesla’s stock dropped approximately 5–6% on July 1 following the exchange, amid investor concerns about the dispute’s potential business and regulatory impact.
According to The Washington Post, lawmakers aim to finalize and pass the bill by July 4, 2025. According to the same source, Musk has stated that he will politically oppose Republicans who support the legislation, while President Trump continues to advocate for its passage.
Timeline of Recent Events (June 2025)
• According to The Washington Post (June 3–4), Musk first criticized the legislation as “a disgusting abomination” and cited risks to jobs and clean-energy sectors.
• According to PolitiFact (June 5–6), Trump threatened to review Musk’s business subsidies via DOGE.
• According to The Washington Post (June 28–29), Musk renewed his criticism on social media, calling the proposal “utterly insane and destructive.”
• According to AP News (July 1), the situation escalated when Trump publicly discussed oversight of DOGE by Musk’s companies and Musk hinted at a new political organization.
