Musk to form political party as feud with Trump worsens

Elon Musk says he has formed a new political party as he continues his acerbic feud with President Donald Trump. The tech mogul first threatened to form a party earlier this week if Congress passed Mr Trump's sweeping tax and spending legislation, which he calls the “Big, Beautiful Bill”.

- KATIE HAWKINSON

The billionaire has argued that the legislation, which the president signed into law on Friday, will increase the deficit by trillions.

After 65 per cent of respondents to a poll Mr Musk published on X (which he owns) voted “yes” on his poll to create the America Party.

“By a factor of 2 to 1, you want a new political party and you shall have it,’ Mr Musk wrote yesterday afternoon. “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.”

“Today, the America Party is formed to give you back your freedom,” he added.

Mr Trump’s Big, Beautiful Bill passed in the Senate with a tie-breaking vote from vice-president JD Vance on Tuesday. The House passed the bill on Thursday, and Mr Trump signed it into law during a Military Family Picnic celebration for Independence Day.