• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Elon Musk criticism of Trump tax bill frustrates some Republicans: ‘No place in Congress’

by May 29, 2025
written by May 29, 2025

Elon Musk’s criticism of House Republicans’ ‘big, beautiful bill’ has left some GOP lawmakers frustrated at the tech billionaire.

‘This is why Mr. Musk has no place in Congress,’ one House GOP lawmaker, granted anonymity to speak freely, told Fox News Digital. ‘He wants to codify discretionary cuts. He didn’t find enough waste, fraud, and abuse to fund [the Small Business Administration], let alone reduce our debt.’ 

‘This was a gimmick. He got used. He’s now upset. He played the game, he got what he wanted, then he ended up like everyone else who gets too close.’

House Republicans passed a broad-ranging bill last week advancing President Donald Trump’s agenda on tax, immigration, defense, and energy. Congressional Republicans are hoping to pass it via the budget reconciliation process, a mechanism for passing fiscal legislation while waiving the Senate’s 60-vote threshold and sidelining the minority party.

Musk told ‘CBS Sunday Morning’ the legislation ‘undermines the work’ done by the Department of Government Efficiency (DOGE). 

He called it a ‘massive spending bill’ that ‘increases the budget deficit.’

However, Republican supporters of the bill have contended that the kind of spending cuts Musk is looking for, and the kind DOGE outlined, cannot be done via the reconciliation process. House Speaker Mike Johnson, R-La., himself pledged in a public statement after Musk’s comments that House Republicans would tackle DOGE cuts – albeit in a different vehicle than the ‘big, beautiful bill.’

Reconciliation primarily deals with mandatory government funding that Congress must change by amending the law itself, like federal safety net programs.

The White House is also planning to send a package of proposed spending cuts to Congress next week, including cuts outlined by DOGE, that target discretionary government spending. Discretionary spending refers to the cash flows that Congress controls annually via the budget appropriations process.

Other supporters of the bill, like Rep. Nicole Malliotakis, R-N.Y., said its focus was on people outside of Musk’s wealth class.

‘The bill strikes the proper balance between rooting out fraud to achieve savings and not impacting citizens who rely on government programs. The biggest winners for a change are not billionaires like Musk but middle-class families who will see the bulk of savings returned to them in the form of real tax relief,’ Malliotakis told Fox News Digital.

‘That’s who President Trump and House Republicans set out to help.’

A second House Republican who requested anonymity to speak freely told Fox News Digital that Musk did ‘put a lot of work in’ with DOGE but argued he was wrong on the facts.

‘I mean, it wouldn’t be the first time that he didn’t really have a handle on the process,’ the House Republican said. ‘So, you know, we really have to bake the DOGE cuts into the budget rather than through reconciliation.’

Fox News Digital reached out to Musk for comment via Tesla but did not immediately hear back.

The White House pointed Fox News Digital to Trump advisor Stephen Miller’s public statement about fiscal hawks’ concerns about the bill. 

Miller said, ‘DOGE cuts are to discretionary spending. (Eg the federal bureaucracy). Under Senate budget rules, you cannot cut discretionary spending (only mandatory) in a reconciliation bill. So DOGE cuts would have to be done through what is known as a rescissions package or an appropriations bill. The Big Beautiful Bill is NOT an annual budget bill and does not fund the departments of government. It does not finance our agencies or federal programs. Instead, it includes the single largest welfare reform in American history.’

On the other side of the House GOP Conference, fiscal hawks who also had issues with the legislation rallied around Musk’s comments.

‘I share Mr. Musk’s concerns about the short-term adverse effect on the federal deficit of the limited spending reductions in the BBB. Debt markets remain concerned about US total debt and annual deficits,’ said House Freedom Caucus Chairman Andy Harris, R-Md.

The Maryland Republican voted ‘present’ on the reconciliation bill last week.

‘Hopefully the Senate will take those concerns into consideration as the legislative process moves forward,’ Harris said.

Rep. Warren Davidson, R-Ohio, the lone House Republican to vote against the bill, posted on X, ‘Hopefully, the Senate will succeed where the House missed the moment. Don’t hope someone else will cut spending someday, know it has been done this Congress.’

‘Despite pleas to step back and look at the sum of the parts passed by 11 different committees, this bill was rushed to the floor when it should have been fixed,’ Davidson said.

Musk announced late on Wednesday that he was stepping away from his federal government role because his ‘scheduled time as a Special Government Employee’ was coming ‘to an end.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
What’s next for DOGE after Elon Musk’s departure? ‘Only just begun’
next post
Supreme Court limits judges’ authority to block infrastructure projects over environmental concerns

related articles

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 2026

Dem Senate primary erupts in key state as...

April 7, 2026

Trump-backed candidate aims to pad GOP’s fragile House...

April 7, 2026

Ilhan Omar calls Trump an ‘unhinged lunatic,’ urges...

April 7, 2026

White House unleashes on Stacey Abrams in latest...

April 7, 2026

Former Virginia Gov Glenn Youngkin hints at political...

April 7, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump signs ‘full and unconditional’ pardon of Silk Road creator Ross Ulbricht

    January 22, 2025
  • Trump issues warning about wasteful spending, orders ‘radical transparency’ amid DOGE probes, revelations

    February 19, 2025
  • Uproar after Iran named vice-chair of UN body promoting democracy, women’s rights

    February 12, 2026
  • Ted Cruz torches Biden for ‘partisan and personal motives’ after bombshell report on autopen pardons

    September 9, 2025
  • Trump not committing to putting US troops on the ground in Gaza, White House says

    February 5, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,502)
  • Investing (1,629)
  • Stock (1,017)

Latest Posts

  • Kamala Harris’ treatment of staff under scrutiny as reports of poor office culture resurface

    July 30, 2024
  • Senate shuts down Kaine’s attempt to check Trump’s war powers

    June 28, 2025
  • The fight for the future of the Murdoch media empire is about to begin

    September 10, 2024

Recent Posts

  • Bolton may be in hot water as FBI investigation expands beyond controversial book

    August 26, 2025
  • Comcast and Harris Blitzer to build new NBA, NHL stadium in south Philadelphia

    January 14, 2025
  • Trump names Susie Wiles as first female White House chief of staff in history

    November 8, 2024

Editor’s Pick

  • Texas Dem Senate primary fractures over race rhetoric as ‘mediocre’ jab, ‘oppressor’ remarks ignite backlash

    February 14, 2026
  • Trump HHS changes transgender Biden official’s nameplate back to birth name during shutdown

    December 8, 2025
  • Mattel says Barbies and Hot Wheels could soon get more expensive under Trump’s tariffs

    February 5, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock