Elon Musk, the chief executive officer (CEO) of Tesla, who recently retired from the Department of Government Efficiency (DOGE) under the Donald Trump administration, has been launching repeated attacks on President Trump's tax cut bill.
On the 3rd (local time), Musk criticized the tax cut bill directly on social media platform X (formerly Twitter), posting or sharing over ten posts arguing that the bill's passage in Congress must be stopped. He said, "I can no longer tolerate it," adding that "the massive, absurd, and bloated expenditure bill is disgusting and repugnant."
He continued to criticize heavily, saying, "Those who voted in favor of the bill should be ashamed," and noted, "They must know that they are wrong."
The following day on the 4th, he commented on a video of a press conference by House Speaker Mike Johnson, who led the passage of the bill, claiming, "Anyone who actually reads the bill would not accept it."
He also posted, "Call the senators and representatives who represent you and say that 'bankrupting America is not okay.' Kill the bill," followed by a poster of the movie "Kill Bill," which sounds similar to "kill the bill."
While President Trump did not directly mention Musk on his social media platform Truth Social, he indirectly expressed his discomfort by sharply criticizing Senator Rand Paul, who sided with Musk.
The tax cut plan criticized by Musk is known as the "One Big Beautiful Bill Act," which includes provisions to extend key elements of the tax cut law due to expire at the end of this year. It is also reported to include a reduction in the corporate tax rate and cuts to Medicaid, food assistance, education, and clean energy subsidies.
If the bill is implemented, it is projected that the national liability of the United States will increase by more than $3.3 trillion (approximately 4,550 trillion won) over the next decade.
President Trump and Republican lawmakers have argued that the bill will reduce expenditures in key areas and stimulate enough economic growth to offset the effects of the tax cut, but Musk has consistently expressed his concerns.