Tech mogul and former head of DOGE, Elon Musk, has unleashed a scathing critique of the proposed “One Big Beautiful Bill,” labeling the massive Congressional spending package a “disgusting abomination” that will cripple the nation with unsustainable debt. His fiery remarks come as the bill faces significant opposition within Republican ranks, despite fervent support from figures like JP Morgan CEO Jamie Dimon and President Donald Trump.
Musk, known for his outspoken commentary, took to social media to express his outrage. “I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it,” he declared.
He further warned of the bill’s dire consequences, stating it “will massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden America[n] citizens with crushingly unsustainable debt.”
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In stark contrast, JP Morgan CEO and Chairman Jamie Dimon has been a vocal advocate for the bill, urging Senate Republicans to pass it. Speaking on Fox Business’ “Mornings with Maria,” Dimon expressed his “thrill” at the House’s passage of the package on May 22, which extends expiring provisions of Trump’s 2017 tax cuts and allocates over $100 billion for border security.
“First of all, I’m thrilled they got [the bill] through and I think [House Speaker Mike] Johnson did an unbelievable job doing that. I think they should finish it,” Dimon stated. He argued that consistent tax rates are crucial for business investment and economic growth, citing the 2017 tax bill’s success in repatriating trillions of dollars and creating jobs. Dimon suggested that concerns about the deficit should be addressed after the bill’s passage by focusing on efficiency within federal programs like Medicare and Social Security.
The “One Big Beautiful Bill” narrowly passed the House on Thursday with a vote of 215-214-1. Notably, Republican Representatives Thomas Massie of Kentucky and Warren Davidson of Ohio voted against the measure due to deficit concerns, with House Freedom Caucus Chairman Andy Harris voting “present.”
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White House press secretary Karoline Leavitt indicated on May 22 that Trump intends to primary both Massie and Davidson for their opposition.
Despite President Trump’s strong push for the bill, several Senate Republicans have voiced significant apprehension, threatening to implement major changes. Senators Ron Johnson of Wisconsin, Rand Paul of Kentucky, Rick Scott of Florida, and Mike Lee of Utah have all come out against the legislation in its current form, primarily citing excessive government spending. Senator Paul has indicated he would likely support the bill if a provision raising the debt ceiling were removed.
Senator Ron Johnson, a prominent critic, stated on CNN’s “State of the Union” that he believes there are enough GOP members to halt the bill until their concerns are addressed. “I think we have enough to stop the process until the president gets serious about spending reduction and reducing the deficit,” Johnson asserted. He stressed that this is a critical “moment” to reset spending to pre-pandemic levels, arguing that significant cuts could be made without impacting the public.
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Prior to the House vote, Senator Johnson penned an op-ed in The Wall Street Journal on May 12, advocating for a phased approach to funding border security and defense, coupled with significant spending reductions, before addressing tax law extensions and the debt ceiling.
The package itself is substantial, providing $46.5 billion to revive border wall construction, $4.1 billion to hire Border Patrol agents, and an additional $1,000 fee for asylum seekers. It also plans a $3.8 trillion tax cut and aims to eliminate policies that tax overtime and tips.
Senate Majority Leader John Thune stated on Thursday that he sees a “workable path” to secure 51 votes by July 4, but acknowledged that he cannot afford to lose more than three GOP senators. Beyond Senator Johnson, Senators Josh Hawley of Missouri, John Curtis of Utah, Rand Paul of Kentucky, and Kevin Cramer of North Dakota are among those raising concerns about various aspects of the bill, indicating a challenging road ahead for Trump’s “big, beautiful bill” in the Senate.
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