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    Home»Breaking»Trump threatens Musk subsidies after Musk again targets Trump’s massive budget bill
    Breaking

    Trump threatens Musk subsidies after Musk again targets Trump’s massive budget bill

    Justin M. LarsonBy Justin M. LarsonJuly 1, 2025No Comments2 Mins Read
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    President Trump once again targeted former close aide Elon Musk on Tuesday, attacking the amount of government subsidies the entrepreneur is receiving after the tech billionaire renewed criticism of the president’s flagship spending bill.

    “Elon may get more subsidy than any human being in history, by far,” Mr. Trump said early Tuesday on his Truth Social platform, “and without subsidies, Elon would probably have to close up shop and head back home to South Africa.”

    Musk — who had an acrimonious public falling out with the president over the bill — reprised his sharp criticisms and renewed his talk of forming a new political party as Senate consideration of the measure got underway.

    The president responded by suggesting his Department of Government Efficiency (DOGE) — which Musk headed before stepping down late May — train its sights on the SpaceX founder’s business interests.

    “No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE,” Mr. Trump said. “Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!”

    Mr. Trump is hoping to seal his legacy with the “One Big Beautiful Bill,” which would extend his expiring first-term tax cuts at a cost of $4.5 trillion and beef up border security.

    But Republicans eyeing 2026 midterm congressional elections are divided over the package, which would strip health care from millions of the poorest Americans and add more than $3 trillion to the country’s debt, according to estimates from numerous bipartisan groups.

    As lawmakers began voting on the bill on Monday, Musk — the world’s richest person — accused Republicans of supporting “debt slavery.”

    “All I’m asking is that we don’t bankrupt America,” he said on social media Tuesday. “What’s the point of a debt ceiling if we keep raising it?”

    Early last month, Mr. Trump told NBC News there would be “serious consequences” for Musk if he funds Democratic candidates who run against Republicans who vote in favor of the budget measure.

    More from CBS News



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    Nandi Hills in Karnataka: 5 reasons this scenic getaway from Bengaluru is worth visiting

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    Some 60 km from Bengaluru lies a quick peaceful retreat which is blessed with immense…

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