Elon Musk criticises Trump's "Insane" spending bill, calls to form new party

Washington: Launching a scathing attack on US President Donald Trump's marquee legislation, Billionaire Elon Musk has called for the formation of a new political party.

He pointed out that the "insane bill" record $5 trillion debt ceiling hike would severely hurt ordinary Americans.

"It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!!Time for a new political party that actually cares about the people," Musk wrote on X.

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It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!!

Time for a new political party that actually cares about the people.

— Elon Musk (@elonmusk) June 30, 2025 >

The criticism of Trump's flagship spending bill-- "One Big Beautiful Bill" comes at a time when a marathon voting session of the domestic policy bill is underway in the Senate after a weekend of negotiations and delays.

According to CNN, Senate Majority Leader John Thune went to the floor and informed reporters that “hopefully we’ll know soon enough” if Republicans’ have the votes to pass the bill. “This may take a little while,” he noted.

Musk has dramatically escalated his anti-Republican rhetoric, slamming the bill's "insane spending" and claiming it exposes the Republican Party as no different from Democrats.

"Anyone who campaigned on the PROMISE of REDUCING SPENDING , but continues to vote on the BIGGEST DEBT ceiling increase in HISTORY will see their face on this poster in the primary next year," Musk posted on X.

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Anyone who campaigned on the PROMISE of REDUCING SPENDING , but continues to vote on the BIGGEST DEBT ceiling increase in HISTORY will see their face on this poster in the primary next year pic.twitter.com/w13Qkm2e1A

— Elon Musk (@elonmusk) July 1, 2025 >

He further warned, "If this insane spending bill passes, the America Party will be formed the next day.

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If this insane spending bill passes, the America Party will be formed the next day.

Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.

— Elon Musk (@elonmusk) June 30, 2025 >

Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE".

He went on to argue that the bill proves Democrats and Republicans are part of a single "PORKY PIG PARTY" that prioritizes reckless spending over the interests of ordinary Americans.

Musk, a former supporter of Trump, said that the new political party would represent the Americans who feel disenfranchised by the current two-party system.