[By Guancha Observer Network, Qi Qian] Local time on June 3rd, less than four days after stepping down, Musk couldn't help but blast the "One Big Beautiful" tax reform bill proposed by American Republicans. This bill aimed at cutting taxes and welfare was questioned for increasing the federal deficit. It narrowly passed in the House of Representatives with a one-vote margin previously.

"Sorry, but I can't bear it anymore," Musk posted on social media X platform. "This large-scale, ridiculous, and politically manipulated congressional spending bill is disgusting (disgusting abomination)."

He pointed out: "Those who voted for this bill are disgraceful: you know you did wrong. You know it inside out."

Late in the evening, as one of the largest contributors to the Republican Party during the 2024 U.S. presidential election, Musk continued to post criticizing the bill. He wrote: "This will significantly increase the already huge budget deficit to $2.5 trillion and impose an unbearable debt burden on American citizens."

"Next November, we will fire all the politicians who betray the American people," Musk referred here to the upcoming midterm elections in the United States next year. At that time, most members of Congress will be up for re-election in the midterm elections, including all 435 seats in the House of Representatives, which have two-year terms, as well as 33 or 34 seats in the Senate's 100 seats.

Musk called the "One Big Beautiful" bill "disgusting" - Tweet screenshot

According to NBC News reports, late on the 3rd, when White House Press Secretary Caroline Levitt was asked about Musk's above comments, she responded: "The president is aware of Musk's stance on this bill. But that won't change the president's view. This is a 'One Big Beautiful' bill, and he will continue to support it." The White House declined further comment.

According to The New York Times' analysis, this bill, nicknamed "One Big Beautiful Bill" by Trump, plans to cut taxes, allocate more funds for military and border security, while partially funding these expenses by cutting Medicaid, food assistance, education, and clean energy projects, greatly increasing the federal deficit and the number of people without proper living security.

The bill will also raise the debt ceiling by $4 trillion (approximately RMB 28.76 trillion), allowing the federal government to continue borrowing to finance its debt. Relevant agencies estimate that this will increase the U.S. national debt by over $3.3 trillion within the next 10 years, and the ratio of federal government debt to GDP is expected to rise from the current 98% to a record 125%.

After the bill passed, due to concerns about its potential impact on U.S. debt levels, U.S. stocks opened higher and closed lower on the 22nd, with mixed results. Eight of the 11 main sectors of the S&P 500 index fell, with utilities and healthcare leading the decline, falling 1.41% and 0.76%, respectively. The yield on the 30-year U.S. Treasury note briefly rose above 5.1%, the first time since October 2023.

On May 22nd local time, the House of Representatives narrowly passed the bill with 215 votes in favor and 214 against. Trump immediately posted to celebrate, calling it "one of the most important pieces of legislation ever signed in our country's history," and said, "it's now time for our friends in the Senate to start working and send this bill to my desk as soon as possible!"

After the bill narrowly passed in the House of Representatives, it is currently under review in the Senate, with the goal of passing an amended version before July 4th. NBC reported that the non-partisan Congressional Budget Office stated that if the bill passes, it will lead to a $2.3 trillion increase in the deficit.

The New York Times pointed out that the passage of this bill in the House of Representatives marks a major victory for Republicans and sets the tone for intense political attacks before next year's midterm elections. Democrats have begun accusing Republicans of voting to abolish important government programs in favor of tax cuts for the rich.

Previously, Musk had expressed disappointment with the bill. In an interview, he said he considered it an "enormous spending bill" that would "destroy" the work of his "Department of Government Efficiency" (DOGE). Musk has stepped down, and May 30th was his last day at DOGE.

Trump held a farewell event for Musk at the White House on May 30th - Video screenshot

Musk's criticism of the "One Big Beautiful" bill resonated deeply with Democrats. Senate Minority (Democratic) Leader Chuck Schumer expressed in a full meeting speech that the bill was "essentially ugly," cutting Americans' healthcare to provide tax cuts for the wealthy. He also responded to Musk: "I agree with Musk's view, which is unimaginable before."

At the same time, there were divisions within the Republican Party. For Musk's latest comments, Republicans also had differing attitudes.

"We respect everything Musk has done for DOGE, but we disagree on this issue," Senate Majority (Republican) Leader John Thune told reporters. "He has the right to express his opinion, but we will fully push forward." House Speaker Mike Johnson, a Republican, also said that Musk's "intervention" in the economy was "a dangerous thing."

However, Musk's remarks encouraged other Republicans who were already opposed to the bill, including one of the two Republicans who voted against it in the House vote, Thomas Massie, a Republican representative from Kentucky. Massie immediately replied to Musk: "He's right."

In addition, some Republican senators who originally supported the bill admitted that Musk's views had some merit and requested significant modifications to the House version of the "One Big Beautiful" bill in the Senate.

Notably, Marjorie Taylor Greene, a close ally of Trump and a Republican representative, voted in favor of the bill in the House vote. However, she expressed regret about a clause in the bill on the 3rd, saying she didn't know it contained this provision.

"To be honest, I didn't know this section was in the bill; it deprives states of the right to make laws or regulations regarding artificial intelligence for the next 10 years," Greene said. "I strongly oppose this bill as it infringes on state rights. If I had known about this earlier, I would have voted against it... This bill must be abolished in the Senate."

This article is an exclusive contribution by the Observer Network and cannot be reproduced without permission.

Original source: https://www.toutiao.com/article/7511890238373954100/

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