Elon Musk comes out swinging against Trump’s ‘Big Beautiful Bill’

12

For ads-free news, click here.

Billionaire and former DOGE leader Elon Musk came out swinging about the ‘Big Beautiful Bill’ President Donald Trump has endorsed.

The senate voted 51-49 to advance the bill forward for debate just before midnight Saturday night.

Saturday also happened to be Musk’s 54th birthday, but he certainly wasn’t in a celebratory mood as he blasted the legislation.

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country! Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future,” Musk wrote in a post Saturday afternoon, hours before the Senate voted to advance the bill.

Musk has pinned his comment to the top of his X page.

Musk was responding to a statement by Jesse Jenkins, a professor at Princeton Engineering.

Jenkins wrote:

This is unbelievably bad. I am astonished that the Senate language got WORSE overnight than even the House version. This One Big Horrible Bill will raise energy costs, kill $100s of billions of new investment in energy & manufacturing, make our grid less reliable, increase pollution, and constrain our ability to compete with China for the future or AI. Total loser stuff.

The new Senate draft raises taxes on all wind and solar projects that haven’t begun construction today unless they are placed service by end of 2027 and navigate complex, likely unworkable requirements to prove they don’t use a drop of Chinese materials. After that, this bill ADDS A NEW tax on wind and solar projects that can’t prove the same.

Oh & it does so while killing the tax credits to support domestic manufacturing of wind components at the end of 2027 & adding the same unworkable requirements to the credits supporting US solar & critical minerals. It’ll murder our nascent clean energy manufacturing sectors.

Oh and it actually kills the EV tax credits sooner than the House bill: after September 30 this year, rather than the end of 2025 (or 12 months after passage as in the Finance committee draft). This will destroy the battery manufacturing boom taking hold across Republican districts, killing 100s of thousands of good jobs.

Oh, and the cherry on top: this adds a new production tax for metallurgical coal! You read that right: through the end of 2029, met coal producers get a 2.5% PTC. 🤯

This bill kills the industries of the future while subsidizing the industries of the 19th century. It’s insanity!

Jesse Peltan, co-founder and CTO of HODL Ranch, also responded to Jenkin’s warning statement and wrote, “We’re not shooting ourselves in the foot. We’re shooting ourselves in the chest.”

Musk replied, “Yes, utter madness!”

Jenkins added in another post: The energy provisions in the Republicans’ One Big Horrible Bill are truly so bad! Who wants this? The country’s automakers don’t want it. Electric utilities don’t want it. Data center developers don’t want it. Manufacturers in energy intensive industries don’t want it. It straight up murders the boom in battery, solar and wind manufacturing investment. It jacks up your utility bill & raises prices at the pump. It kills a half a trillion dollars of pending investment in US manufacturing and energy supply and 100s of thousands of associated jobs. It makes our air dirtier and our climate more dangerous.

Musk replied, “Good question. Who? At the same time, this bill raises the debt ceiling by $5 TRILLION, the biggest increase in history, putting America in the fast lane to debt slavery!”

In another post, Musk alleged that provisions in the bill “would be incredibly destructive to America!”

Musk also warned, “Polls show that this bill is political suicide for the Republican Party.”

RELATED ARTICLESMORE FROM AUTHOR

CLICK HERE FOR COMMENTS SECTION