Elon Musk has criticised one of the signature policies of Donald Trump, marking a break from the US president who he helped to win re-election in 2024.
Last week, the US House of Representatives narrowly passed what Trump calls his “big, beautiful” bill, which includes multi-trillion dollar tax breaks and a pledge to increase defence spending. It will now head to the Senate.
Musk was enlisted as Trump’s cost-cutting tsar – ending funds for US foreign aid among other projects – before announcing he would step back.
“I was disappointed to see the massive spending bill, frankly,” Musk
He went on to argue that Trump’s plan “increases the budget deficit, not just decreases it”.
It is thought that the legislation could increase the deficit – or the difference between what the US government spends and the revenue that it receives – by about $600bn (£444bn) in the next fiscal year.
Furthermore, the bill “undermines the work that the Doge team is doing”, Musk said, using the acronym of the cost-cutting advisory body the Department of Government Efficiency.
The bill also proposes increasing to $4tn the debt ceiling – meaning the limit on the amount of money the government can borrow to pay its bills.
Musk’s comments on the issue imply a growing distance from Trump, who he helped to propel back to the White House last year with donations of more than $250m.
They come after the billionaire recently pledged to step back from Doge. Musk had stated that he wanted to help the government cut $1tn in spending by cancelling contracts and reducing the government workforce.
As of April, Doge’s website claims around $175bn has already been saved
Musk also said last week that he planned to do “a lot less” political spending in the future, and that he was committed to leading electric car company Tesla for another five years.
Tesla faced protests, boycotts and a drop in sales over Musk’s work as the Doge chief, including his controversial efforts to lay off thousands of federal workers and curb foreign aid.
Musk defended his actions in his comments last week, saying: “I did what needed to be done.” He and Trump previously justified the cuts as a matter of weeding out what they saw as fraud and abuse within federal spending.
