Elon Musk is seen during a press conference in the Oval Office at the White House on May 30, 2025. File photo: VCG

 
US billionaire Elon Musk renewed his calls on Monday for a new political party as he lodged sharp criticism against US President Donald Trump's "Big, Beautiful Bill" as the Senate seeks to move toward a final vote on the reconciliation package, US media reported.

"Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it is the last thing I do on this Earth," Must wrote on X.

A few hours later he went further, declaring on X that if the "insane spending bill passes, the America Party will be formed the next day."

"Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE," he wrote.

According to CNN, in a flurry of X posts several weeks ago, Musk had proposed starting a new political party. That proposal resurfaced on Monday when he said: "It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country — the PORKY PIG PARTY!! Time for a new political party that actually cares about the people." 

The tech billionaire, whose close relationship with Trump quickly devolved into a public clash in June, has blasted Trump's "big, beautiful bill" as "utterly insane" and "political suicide" for the GOP.

Musk's resolution to support candidates who plan to launch primary campaigns against members of Congress is one of his most concrete political threats since leaving his post as a White House adviser, CNN reported. 

The Senate's version of the bill would increase the deficit by nearly $3.3 trillion between 2025 and 2034, roughly $1 trillion more than the House-passed version, according to the nonpartisan Congressional Budget Office, reported the Hill. 

Senate Republicans were facing a marathon vote-a-rama Monday, while the White House has continued to stress a Friday deadline to get the legislation onto the president's desk.

The bill is also criticized for being "Robin Hood in reverse" - wealth or resources are redistributed from the poor and middle class to the wealthy. Bloomberg reported that the bill will cost the bottom 20 percent of taxpayers an average of $560 a year while giving an average boost of $6,055 to those at the top end.

That analysis from economists at the Budget Lab at Yale University bolsters Democratic critiques that the bill takes money out of the pockets of the working poor to give tax cuts to the rich.

Global Times