Clashes return, Elon Musk against Trump's tax bill: Devastating for the American economy
Billionaire Elon Musk has sharply criticized the latest version of President Donald Trump's proposed tax bill and released by the US Senate. In a strong reaction on the X network, Musk called the draft "completely meaningless and destructive," warning of serious consequences for the US economy.
According to him, the bill will lead to the loss of millions of jobs and will severely damage the strategic interests of the US. “This Senate bill subsidizes the industries of the past, while severely harming the industries of the future,” Musk wrote.
His reaction comes just weeks after he and Trump had settled their differences over the issue, bringing back into focus tensions over fiscal policies and technological development in the US.
The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!
Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future. https://t.co/TZ9w1g7zHF
— Elon Musk (@elonmusk) June 28, 2025
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