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The Memo: Musk Drops Bomb on Trump’s ‘Big, Beautiful Bill’

  • The U.S. Senate passed President Trump's 'One Big Beautiful Bill Act' on June 27, 2025, in Washington, DC, by a 51-50 vote after over 26 hours of debate.
  • The legislation extends 2017 tax cuts, cuts Medicaid and electric vehicle credits, and faces opposition from fiscal hawks and over two dozen House holdouts.
  • Elon Musk criticized the bill for increasing federal debt, ending EV tax credits, pledged to form a new America Party, and threatened to target Republicans who support but vote for it.
  • Treasury Secretary Scott Bessent dismissed Musk's claims on Fox & Friends Tuesday morning, stating, 'I will take care of the finances' and forecasting unprecedented growth despite CBO’s 1.8% projection.
  • The bill now returns to the House, where opposition persists, including from Rules Committee member Ralph Norman, who said, 'When you're serious, come back.
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Center

Democrats criticize the great, beautiful law for cuts for the poor, Musk attacks excessive public spending. And Republicans are now in revolt

·Italy
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Center

New clash on the 'big beautiful bill' approved by the Senate (ANSA)

·Italy
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The Hill broke the news in Washington, United States on Tuesday, June 3, 2025.
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