Elon Musk ‘Disappointed’ With Trump Policy Bill, Saying It Will Increase Deficit

Elon Musk criticized the far-reaching Republican bill intended to enact President Trump’s domestic policy agenda, saying it would undermine the administration’s own efforts to shrink federal spending.

“I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it,” Mr. Musk said in an excerpt from an interview with CBS’s “Sunday Morning” that was released late Tuesday.

Mr. Musk added that the bill, which is headed to the Senate after squeaking through the House last week, would undermine the work of the Department of Government Efficiency, the White House effort to shrink the federal government that Mr. Trump tapped him to lead.

Mr. Trump has urged swift passage of the bill — officially called the One Big, Beautiful Bill Act — which would slash taxes, providing the biggest savings to the wealthy, and steer more money to the military and immigration enforcement. As written, the legislation would cut health, nutrition, education and clean energy programs to cover part of the cost.

But Mr. Musk said he was not sold on a bill that has emerged as the president’s top legislative priority. “I think a bill can be big or it can be beautiful,” Mr. Musk said. “But I don’t know if it can be both.”

A combination of Mr. Trump’s lobbying and compromises struck by Speaker Mike Johnson managed to get the bill through the House, but it faces significant hurdles in the Senate. Republicans hold only a slim margin in the chamber, and two fiscal conservatives have said they want significant changes on the grounds that the bill lacks concrete measures to reduce the national deficit.

Asked about Mr. Musk’s comments on Wednesday afternoon, Mr. Trump declined to engage directly with them. But he defended the bill generally and said it contains the provisions it does because “No. 1, we have to get a lot of votes,” with Democrats unified in opposition.

If the bill is not approved, Mr. Trump said, “this country is going to get a 65 percent increase in taxes and lots of other problems, big problems, almost bigger than that.” He added, “We will be negotiating that bill and I’m not happy about certain aspects of it, but I’m thrilled by other aspects of it. That’s the way that goes.”

Mr. Musk — who spent more than $250 million to help Mr. Trump’s campaign — joined the White House as a “special government employee” to lead the DOGE effort, which Mr. Trump hailed as one of his biggest accomplishments. The effort, which set the lofty goal of slashing $1 trillion from the federal budget but has fallen far short of that goal, has led to clashes with cabinet secretaries and complaints from some lawmakers.