According to China.com, according to CNN, American entrepreneur Elon Musk once again posted a critique of the "Big and Beautiful" tax and spending bill that President Trump strongly advocated. Musk stated on social media that the Senate version of the "Big and Beautiful" bill would "destroy millions of jobs in the United States" and bring "strategic harm" to the country. Musk said the bill was "completely crazy and destructive," "giving handouts to sunset industries while seriously harming future industries." On the other hand, President Trump, in an interview aired on Fox News in the United States, said that Musk is a "great person," but he also said some of Musk's actions were "inappropriate."

Musk (Photo)

In 2025, shortly after Trump took office, he introduced the "Big and Beautiful Act." The act sounds intimidating, with its core being tax cuts and increased spending, aiming to stimulate the U.S. economy again. Tax cuts are his old trick, reducing corporate and individual tax rates further; on the spending side, he poured money into defense and border security, planning to upgrade the military and border wall. But the problem is, where will the money come from? Trump's solution is to raise the debt ceiling and cancel new energy subsidies. This made Musk lose his temper. Tesla has been making a fortune in recent years through new energy subsidies and policy support, and cutting subsidies is equivalent to directly cutting his lifeline.

Initially, Musk's criticism of the bill was relatively mild, only criticizing the "Big and Beautiful" bill in a media program as difficult to balance. Later, the words he used became more explicit, including but not limited to "disgusting," "ungrateful," etc., even stating that he would form a new party and once posted a subtle implication about Trump being related to the Epstein case, but later deleted the post and said his criticism of Trump was excessive. Trump's response went from publicly expressing disappointment in Musk to openly saying "Musk is crazy" and threatening to stop government subsidies and contracts for his companies, and finally accepting his apology, ending the first public scuffle between the two.

However, just recently, the U.S. Senate passed Trump's "Big and Beautiful Act" by a narrow margin of 51 to 50 after 16 hours of debate, with Vice President Vance casting the decisive vote. This bill not only cuts all new energy subsidies but also imposes new taxes, even making Musk angry enough to directly attack, raging against the Republicans as "a pig party." Vance's vote as vice president became the last straw. Democratic legislators criticized the bill after the vote as "lacking democratic deliberation," calling it a "gamble for the future of the United States."

New Energy Vehicles (Photo)

Why did the key content of the bill cause such a big controversy? One reason is that it robs the poor to help the rich. According to analysis by the Congressional Budget Office, the income of the poorest families will decrease by nearly 4%, while the income of the wealthiest families will increase by over 2%. Second, new energy vehicles are cut in half. From September, electric vehicle tax credits will be canceled, retaining only incentives for wind and solar projects launched before 2027. Third, the debt is soaring, raising the federal debt ceiling by $5 trillion, expanding deficits by $3.3 trillion over the next decade.

Meanwhile, at the June regular press conference of the Ministry of Foreign Affairs, a reporter asked, citing Kyodo News, that China plans to invite U.S. President Trump to attend the military parade in Beijing in September. Can you confirm and provide more information? Regarding this, Chinese Foreign Ministry spokesperson Mao Ning stated that during the press conference held last week by the State Council Information Office, relevant departments introduced the arrangements for inviting foreign leaders to the 80th anniversary commemoration of the victory in the War of Resistance Against Japan. As for the specific issue you mentioned, I currently have no information to provide.

Trump (Photo)

According to media reports, the White House has already started formulating a plan for Trump's visit to China, during which he will lead a group of U.S. government officials and business executives to China. However, the latest news is that the list of people accompanying Trump on his visit to China has changed, because he must exclude one person, that is, Musk, who spent a lot of money to support Trump. After Trump became president, he let Musk experience the feeling of "equal power with the emperor." Just when Musk was full of confidence, wanting to use Trump to expand his business, Trump's actions made Musk completely "break down."

Original text: https://www.toutiao.com/article/7524179393300742695/

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