Tech billionaire Elon Musk is aiming to block President Donald Trump’s tax bill after his failed attempt to convince Republican lawmakers to keep tax breaks for electric vehicles in the legislation.
Tech billionaire Elon Musk is aiming to block President Donald Trump’s tax bill after his failed attempt to convince Republican lawmakers to keep tax breaks for electric vehicles in the legislation.
Bloomberg writes about this, citing its informed sources.
Thus, according to the publication, Tesla’s CEO personally appealed to House Speaker Mike Johnson to preserve the tax break for electric vehicles, while the current version of the tax changes provides for the elimination of subsidies for electric vehicles.
Then on Wednesday, Musk stepped up his attack against the bill signed by the president, urging Americans to pressure their lawmakers to «kill» the bill.
«Call your senator, call your congressman,» Musk wrote on social media. «Bankrupting America is NOT OK!»
This post came a day after Musk criticized the tax bill, calling it a «disgusting evil» and budget-busting.
Trump has not publicly responded to Musk’s comments, but other media outlets, citing sources, have reported that he is «losing patience.» The White House, in turn, issued a statement on Wednesday saying the law «launches an era of unprecedented economic growth.»
Tensions between Musk and the White House have escalated in recent days after the tech billionaire officially resigned as head of the Department of Government Efficiency.
In turn, federal employees sued Musk and his «young team» DOGE, demanding that they be denied access to confidential data.
