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At the Races: Big, Beautiful Bickering

  • On June 5, 2025, President Donald Trump and Elon Musk clashed publicly over Trump's 'big, beautiful bill' on U.S. Tax and spending policies.
  • The dispute arose because the bill cuts $1 trillion in Medicaid, food stamps, and electric vehicle subsidies, fueling Musk's opposition and Trump's retaliation.
  • Musk, once a Trump ally and federal adviser, denounced the bill as a 'disgusting abomination' and demanded its repeal, while Trump threatened to end Musk's federal contracts.
  • Trump called Musk 'crazy' for opposing the bill and said Musk's subsidies cost 'billions and billions,' while Musk accused Trump of misinformation and being in the Epstein files.
  • The feud undermined their prior alliance, raised investor concerns, and spotlighted intense divisions within the Republican Party over the bill’s substance and political viability.
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Trump’s ‘One big, beautiful bill’: Elon Musk and Donald Trump clash over Republican budget and tax plan. At least four parts of…

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Coingape broke the news in on Wednesday, June 4, 2025.
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