Elon Musk Warns Trump’s Tax Bill Will Undo Years of Cost Savings

Elon Musk has issued a stark warning about President Trump’s latest tax and spending bill, suggesting it will wipe out the budget efficiencies achieved by the Department of Government Efficiency (DOGE). Musk, who recently stepped back from his advisory role, said the bill “undermines the work that the DOGE team is doing” and “increases the budget deficit”.
The so-called “Big, Beautiful Bill” extends tax cuts, ramps up defense and immigration spending, and slashes social safety net programs. Critics, including Musk, fear it could add more than $3 trillion to the national debt, despite claims it will boost economic growth.
Musk’s criticism marks a significant departure from his previous support for Trump, reflecting broader concerns among fiscal conservatives about the bill’s impact on government spending and debt.