Musk promises to discipline lawmakers who support Trump’s budget proposal

Billionaire Elon Musk, who ran on a platform of cutting government spending, reaffirmed his condemnation of U.S. President Donald Trump’s massive tax and spending bill on Monday and vowed to remove politicians who supported it.

Musk returned to the issue on Saturday when the Senate took up the legislation after weeks of largely quiet discussion after a dispute with Trump over it. In a post on social media platform X, Musk described the legislation as “utterly insane and destructive.”

He intensified his criticism on Monday, stating that politicians who supported the package after running on a platform of expenditure cuts “should hang their heads in shame!”

“And they will lose their primary next year if it is the last thing I do on this Earth,” Musk stated.

The CEO of SpaceX and Tesla (TSLA.O) have called for a new political party once more, claiming that the bill’s excessive expenditures showed “that we live in a one-party country – the PORKY PIG PARTY!!”

“Time for a new political party that actually cares about the people,” he stated in his letter.

After the tech billionaire spent almost $300 million on Trump’s reelection campaign and oversaw the administration’s contentious Department of Government Efficiency (DOGE), a federal cost-cutting initiative, Musk’s criticism of the bill has caused a rift in his relationship with Trump.

The richest man in the world, Elon Musk, has said that the bill would significantly raise the national debt and negate the savings he claims to have made with DOGE.

The extent of Musk’s influence over Congress and the potential impact of his views on the bill’s passage are still unknown. However, Republicans are worried that his intermittent conflict with Trump may make it more difficult for them to hold onto their majority in the 2026 midterm elections.

Tesla has also experienced volatility as a result of the rift; although it has subsequently recovered, the company’s shares saw huge price swings that destroyed around $150 billion of its market worth.