يحاول ذهب - حر

Elon Musk Calls Trump Megabill a 'Disgusting Abomination'

June 05, 2025

|

Mint Kolkata

Billionaire sides with GOP critics who say measure doesn't cut spending enough

- Siobhan Hughes & Jasmine Li

Former White House cost-cutting czar Elon Musk called President Trump's "big, beautiful" tax and spending package a "disgusting abomination," stepping up his criticism just as the Senate is trying to quickly pass the measure and get it signed into law by July 4.

Musk's comments are his latest sharp words about the package, which includes tax cuts as well as reductions to spending on Medicaid and food assistance. Last month, he gave new fuel to GOP critics of the Republicans' multitrillion-dollar agenda, saying that the current measure failed to reduce the federal deficit.

"Shame on those who voted for it: you know you did wrong. You know it," said Musk, in comments on his X social-media platform. Musk, who left the administration last week, called the package a "massive, outrageous, pork-filled Congressional spending bill." He issued a warning on the midterm elections: "In November next year, we fire all politicians who betrayed the American people."

The bill narrowly passed the House last month by one vote. It is now in the hands of the Senate, where some fiscal hawks, including Sens. Ron Johnson of Wisconsin, Mike Lee of Utah and Rick Scott of Florida, have demanded deeper cuts.

The Senate is aiming to make changes to the bill and then send it back to the House. Backers can afford to lose no more than a handful of GOP votes in either chamber, with all Democrats expected to be opposed. Still, the White House and GOP leaders said that Musk's statements didn't shake their confidence in passing the measure.

Trump "already knows where Elon Musk stood on this bill," White House press secretary Karoline Leavitt told reporters on Tuesday when asked about Musk's social-media post. "It doesn't change the president's opinion."

المزيد من القصص من Mint Kolkata

Mint Kolkata

Mint Kolkata

The dollar is far from dead and the yuan is not staging a coup

Greenback doomsayers got it wrong. The dollar's reign is not over

time to read

3 mins

October 10, 2025

Mint Kolkata

Mint Kolkata

Sebi's Ananth Narayan steps down

Narayan headed market regulation and the department dealing with foreign investors.

time to read

1 min

October 10, 2025

Mint Kolkata

Mint Kolkata

Corporate governance needs to go well beyond mere compliance

Shareholders now demand more than mere regulatory compliance to monitor the governance of companies they partly own

time to read

3 mins

October 10, 2025

Mint Kolkata

Intel unveils new tech in turnaround push

Intel Corp., the embattled chipmaker now backed by the US government, introduced new products and manufacturing technology that are central to its turnaround bid.

time to read

1 min

October 10, 2025

Mint Kolkata

Shipbuilding stocks are likely to stay anchored

India's shipbuilding stocks are trading well above their 200-day moving average, a sign of rising investor confidence.

time to read

3 mins

October 10, 2025

Mint Kolkata

Silver ETFs fired up by scarcity, festivals

Silver exchange traded funds or ETFs opened Thursday with a record 10-12% premium to spot prices, underscoring a scramble for the metal as festive buying, industrial use, and investor FOMO (fear of missing out) drove up demand against tight supplies.

time to read

1 min

October 10, 2025

Mint Kolkata

Go First files plea against Air Works

Bankrupt airline Go First has filed a fresh plea before the National Company Law Tribunal (NCLT), Delhi, seeking the release and disclosure of several aircraft components, primarily small tyres and wheels, that it claims are being withheld by maintenance, repair and overhaul (MRO) firm Air Works India (Engineering) Pvt. Ltd, a subsidiary of the Adani Group.

time to read

1 min

October 10, 2025

Mint Kolkata

Mint Kolkata

Nestlé looks beyond Maggi, bets on India petcare boom

Nestlé SA sees India as a potential top-three global petcare market after the US and China

time to read

2 mins

October 10, 2025

Mint Kolkata

Mint Kolkata

Tax residency depends on your travel pattern and primary base

I am a salaried individual employed by an Indian company that allows me to work remotely. I get paid in India. My spouse lives abroad, so I frequently travel outside the country. Over the last two years, I have spent at least three months each year in India.

time to read

2 mins

October 10, 2025

Mint Kolkata

It is time to strengthen India-Afghanistan ties

An Afghan minister's visit right after New Delhi joined hands with other countries to rebuff America's eyeing of Bagram offers us a chance to re-imagine the regional balance of power

time to read

2 mins

October 10, 2025

Listen

Translate

Share

-
+

Change font size