Eleon Musk, owner of companies such as Tesla, SpaceX and X, among the world’s richest people, strictly criticized the latest Senate draft of the tax and expense bill of US President Donald Trump. He called this bill as ‘Big Beautiful Bill’ in Tanj.
Desk, describing it as ‘completely insane and destructive’, warned that it would ‘serious strategic loss’ to the US. He wrote on the social media platform X, ‘This Senate draft will end millions of jobs in America and will cause heavy strategic losses to our country.’
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Medicade and Food Stamps Bill due to heavy spending
Musk said, “This bill gives concessions to old industries by harming future industries.” This proposal is of 940 pages, which the Republican MPs in the Senate are fast passing the Trump’s 4 July deadline. This bill combines heavy spending deduction in programs such as Medicade and Food Stamp with increased funds for tax exemption, defense and Departation.
Pass bill before July 4
Trump has instructed Republican MPs, who currently have a majority in both Senate and House, to pass this big bill before July 4, except the holidays. The major part of this bill is Trump’s $ 350 billion limit and national security plan, including $ 46 billion to increase the US-Mexico boundary wall, $ 45 billion for 1 lakh migrant detection beds, recruitment of 10,000 new ICE officers, which will be given $ 10,000 signing bonus.
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Target to remove 10 lakh people from the country every year
This entire plan is part of the promise of Trump, in which he had talked about starting the biggest mass departure campaign in the history of America- the target of removing about 10 lakh people from the country every year. Republican leaders are trying to get the bill passed despite the Democratic opposition to use their majority in the Senate, but some Republican MPs are also worried about cuts in programs like Medicade and Food Stamp.