Elon Musk ‘disappointed’ by Donald Trump’s ‘big, beautiful’ tax bill

Elon Musk has criticised one of the signature policies of his close ally, US President Donald Trump.

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 the Senate.

Tech titan Musk told the BBC’s US partner CBS News he was “disappointed” by the plan, which he felt “undermines” the work he did for the president on reducing spending.

Musk was enlisted as Trump’s cost-cutting tsar – ending funds for US foreign aid among other projects – before announcing he would step back. He also recently said he would cut his political spending.

“I was disappointed to see the massive spending bill, frankly,” Musk said in the interview with CBS Sunday Morning, a clip of which was released by the broadcaster before transmission.

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.

Referring to Trump’s moniker for the bill, Musk told CBS: “I think a bill can be big or beautiful. I don’t know if it can be both.”

Musk’s intervention highlights the ongoing tension within Trump’s Republican Party over the tax and spend plans, which faced an uneasy passage through the House due to opposition from different wings of the party.

Long a policy priority of Trump’s, the legislation pledges to extend soon-to-expire tax cuts passed during his first administration in 2017, as well as provide an influx of money for defence spending and to fund the president’s mass deportations.

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. He 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 during last week’s comments, saying: “I did what needed to be done.” Trump and his allies justified the cuts as a matter of weeding out what they saw as fraud and abuse within federal spending.