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BlockNews
Home FINANCE

Elon Musk Slams Trump’s Tax Bill: Calls for Congress to Kill the Bill

Michael Juanico by Michael Juanico
June 4, 2025
in FINANCE, OPINION, POLITICS
Reading Time: 2 mins read
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  • Elon Musk blasted Trump’s tax bill, urging Congress to kill it over its $2.4 trillion cost.
  • Musk’s remarks sparked GOP backlash, but also highlighted internal party concerns.
  • Several Republican senators now appear uneasy about supporting the controversial legislation.

Elon Musk is taking aim at Donald Trump’s new tax proposal—hard. On June 3, Musk urged his 220 million+ followers to pressure lawmakers and “KILL the BILL,” calling it a bloated disaster. The legislation aims to extend the 2017 income tax cuts and offer fresh tax breaks on tips and overtime, key parts of Trump’s 2024 re-election promises.

JUST IN: 🇺🇸 Elon Musk calls for congress to KILL Trump's "big beautiful" tax bill 😳 pic.twitter.com/lb1cSpKq6j

— BlockNews (@blocknewsdotcom) June 4, 2025

Musk, who stepped down from his White House role just days earlier, didn’t hold back. He slammed the bill’s projected $2.4 trillion cost over the next decade, arguing it completely erases the progress from his government cost-cutting work. Musk even suggested GOP members who backed the bill should face primary challenges. His message? This bill is a financial wreck.

GOP Reacts to Musk’s Comments as Tensions Flare

Not everyone in the Republican Party is pleased with Musk’s public tirade. House Speaker Mike Johnson fired back the next day, saying Musk was “flat wrong”—both publicly and privately. Still, Musk’s criticism is putting heat on Republican lawmakers already uneasy about the bill’s price tag. Senators like Rand Paul and Rick Scott are reportedly skeptical, too.

Call your Senator,
Call your Congressman,

Bankrupting America is NOT ok!

KILL the BILL

— Elon Musk (@elonmusk) June 4, 2025

This growing rift could spell trouble for Trump’s economic agenda. The more Musk fans the flames, the harder it might get to unify the party around a bill with such a massive price tag. For now, it’s Musk vs. MAGA on Capitol Hill.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Donald TrumpElon MuskMike JohnsonWhite House
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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