NEW YORK, July 1: Elon Musk, after previously stating he would retreat from political involvement, has once again thrust himself into the national political spotlight.

On Monday, as the U.S. Senate debated President Donald Trump’s much-anticipated spending legislation dubbed the “Big, Beautiful Bill,” Musk took to his social media platform X to voice strong opposition. “Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame!” Musk wrote. He added, “They will lose their primary next year if it is the last thing I do on this Earth.”

Hours later, Musk escalated his criticism, warning that if the “insane spending bill passes, the America Party will be formed the next day.” He argued that the country needs a viable alternative to what he called the “Democrat-Republican uniparty,” claiming it has failed to truly represent the American people.

President Donald Trump fired back late Monday through his Truth Social platform, directing his ire at Musk and suggesting federal scrutiny. “Elon may get more subsidy than any human being in history, by far... Perhaps we should have DOGE (Department of Government Efficiency) take a good, hard look at this? BIG MONEY TO BE SAVED!!!” Trump wrote, accusing Musk of relying heavily on government subsidies.

The tension between the two high-profile figures has been building in recent weeks, fueled by Musk’s continued criticism of the bill and prior suggestions that he might form a new political party. On Monday, Musk reiterated those sentiments, labeling the current political landscape as a “one-party country – !!” He called for the establishment of a new political force that genuinely serves the people.

Musk has pledged to support primary challengers against lawmakers who backed the bill. This pledge marks one of Musk’s most tangible political commitments since stepping down from his role as a White House adviser. Though he claimed in May he intended to scale back political donations, having “done enough,” Federal Election Commission records show that his America PAC contributed to two Florida Republican candidates — Randy Fine and Jimmy Patronis — as recently as March.

Despite his past support for Trump-era immigration policies and his significant contributions — over $275 million during the 2024 election cycle — Musk’s opposition to the latest spending package has deepened the rift between him and the Trump administration.

Musk has warned that the bill’s passage would exacerbate national debt, calling it “debt slavery.” The Congressional Budget Office estimates the Senate version would add $3.3 trillion to the deficit over ten years — nearly a trillion more than the House version, which was projected to add $2.4 trillion.

Although the bill includes deeper tax cuts and new revenue-raising provisions, the administration argues it would reduce deficits and stimulate economic growth. However, Musk remains unconvinced, criticizing it for favoring “industries of the past” and undermining emerging sectors.

He denied that the loss of subsidies for electric vehicles (EVs) and renewable energy was his primary concern, yet he condemned the bill for harming future-focused industries. Trump, for his part, reaffirmed his opposition to EV mandates, stating that while electric cars have their place, Americans should not be forced to adopt them. “Elon Musk knew, long before he so strongly endorsed me for President, that I was strongly against the EV mandate,” Trump wrote.

As the political clash intensifies, Musk appears poised to play a larger role in shaping the nation’s political landscape — possibly with a new party on the horizon.