Donald Trump’s signature tax bill would blow a $2.4tn hole to America’s national debt over the next decade, according to a congressional budget office analysis, which came as Elon Musk called for a new bill.
The non-partisan budget office said on Wednesday that Trump’s “one big, beautiful bill” would decrease federal revenues by $3.67tn while cutting spending by $1.25tn through 2034, as the national debt currently stands at $36tn.
The analysis comes as the legislation faces criticism from within Republican ranks, threatening Trump’s fragile Senate majority. The recent disapproval has been led by Musk, who denounced the measure as a “disgusting abomination” on his X platform on Tuesday.
“This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination,” Musk wrote. “Shame on those who voted for it: you know you did wrong.”
Then on Wednesday, he began to outline his suggested path…
