Elon Musk’s fury over the Big Beautiful Bill raises concerns about national debt and spending.
The Big Beautiful Bill is getting close to passage–maybe–and Elon Musk is very unhappy.
And when Elon is unhappy, everybody knows it, including Donald Trump, who, in turn, is unhappy with Elon.
And when these guys are unhappy, everybody else knows it immediately.
Elon famously hates the Big Beautiful Bill because it blows up the deficit, although there is a lot of legitimate dispute about the extent to which that really is true. After all, the vast majority of that increase in the deficit is an accounting trick caused by extending the Trump tax cuts from his first term–tax cuts that, at least for the most part, nobody expected to expire.
In other words, unless the bill passes, there will be a multi-trillion-dollar tax increase, and nobody wants that other than the farthest left.
???????????? pic.twitter.com/SerjZkyjNZ— Dr. Simon Goddek (@goddeketal) July 1, 2025
Throw in a few other things, like no tax on tips, and you could argue that the deficit is marginally increased. Still, there are some spending cuts there as well–assuming any of those survive the butchering by the Senate Parliamentarian. The problem with the bill is that it doesn’t cut spending enough, not that it increases spending substantially.
JUST IN: Elon Musk vows to make sure every member of Congress who campaigned on reducing gov spending but voted for the ‘Big, Beautiful Bill,’ loses their primary in 2026.
“They will lose their primary next year if it is the last thing I do on this Earth.” pic.twitter.com/vIxm5As48O— Collin Rugg (@CollinRugg) June 30, 2025
Elon is right to be angry that Washington politicians are not running around with their hair on fire about the national debt, but unless something radical changes in the next few days, the alternative to the Big Beautiful Bill is much worse–the same amount of spending and a massive tax increase on top of that, strangling economic growth.
