Musk's Stark Critique of Trump's Tax Plan
Elon Musk has sharply denounced President Trump's tax law, labeling it a 'disgusting abomination.' He argues that the legislation could exacerbate the national debt by $2.5 trillion, placing an unsustainable burden on American citizens. Critics, including some Republicans, echo Musk's concerns, noting that the plan not only extends tax cuts but also threatens essential social benefits.
A non-partisan analysis warns that the bill could leave 10.9 million Americans without health insurance by 2034. The proposed tax cuts are projected to decrease federal revenues significantly, raising alarms about the long-term fiscal health of the nation.
Amidst this turmoil, voices like billionaire Tim Draper suggest that Bitcoin may serve as a safeguard against government overspending. As discussions continue, the implications of the tax plan remain a contentious topic, with calls for a more responsible fiscal approach gaining traction.
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The press radar on this topic:
Trump’s tax bill would add $2.4tn to US debt, says non-partisan analysis
Elon Musk called it an “abomination” — but the Big Beautiful Bill might be crypto’s backdoor stimulus
Trump’s tax bill threatens to leave 10.9 million people without health insurance
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