BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
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
4
SHARES
72
VIEWS
Share on XShare in TelegramShare on Reddit
  • 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
Tweet1ShareShare
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.

DON'T MISS THESE! HOT OFF THE PRESS

ADA Stablecoin Growth Hits Record High: Could Cardano Rally to $0.92?
CARDANO

ADA Stablecoin Growth Hits Record High: Could Cardano Rally to $0.92?

September 8, 2025
Solana Flooded with Memecoins: Is This Noise or the Start of Something Big?
CRYPTO

Solana Flooded with Memecoins: Is This Noise or the Start of Something Big?

September 8, 2025
Banks May Say No, But XRP Still Has Big Ways to Succeed—Find Out How
BUSINESS

Banks May Say No, But XRP Still Has Big Ways to Succeed—Find Out How

September 7, 2025
XRP Price Spikes After $3M Whale Buy—Will ETFs Push It to New Highs?
CRYPTO

XRP Price Spikes After $3M Whale Buy—Will ETFs Push It to New Highs?

September 7, 2025
Whale Wallet Wakes After 6 Years—What’s Next for Ethereum Investors?
CRYPTO

Whale Wallet Wakes After 6 Years—What’s Next for Ethereum Investors?

September 7, 2025
Will Fed Rate Cuts Spark the Next Bitcoin Rally? Here’s What You Need to Know
BITCOIN

Will Fed Rate Cuts Spark the Next Bitcoin Rally? Here’s What You Need to Know

September 7, 2025
Load More

Related News

ADA Stablecoin Growth Hits Record High: Could Cardano Rally to $0.92?

ADA Stablecoin Growth Hits Record High: Could Cardano Rally to $0.92?

September 8, 2025
Solana Flooded with Memecoins: Is This Noise or the Start of Something Big?

Solana Flooded with Memecoins: Is This Noise or the Start of Something Big?

September 8, 2025
Banks May Say No, But XRP Still Has Big Ways to Succeed—Find Out How

Banks May Say No, But XRP Still Has Big Ways to Succeed—Find Out How

September 7, 2025
XRP Price Spikes After $3M Whale Buy—Will ETFs Push It to New Highs?

XRP Price Spikes After $3M Whale Buy—Will ETFs Push It to New Highs?

September 7, 2025
Whale Wallet Wakes After 6 Years—What’s Next for Ethereum Investors?

Whale Wallet Wakes After 6 Years—What’s Next for Ethereum Investors?

September 7, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews