.jpg)
5 hours ago
2
Article content
(Bloomberg) — Elon Musk once again threatened to ramp up his political spending, this time targeting nearly every sitting Republican in Congress who has signaled support for President Donald Trump’s multi-trillion dollar tax bill.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
“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 posted on his social media platform X. “And they will lose their primary next year if it’s the last thing I do on this Earth.”
Article content
Article content
Article content
Musk Fumes as Trump Tax Bill Cuts Electric Vehicle Credits
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Musk, the chief executive officer of Tesla Inc. and SpaceX, had told Bloomberg News that he planned to significantly curtail his political spending after shelling out a quarter of a billion dollars in the 2024 cycle, mostly supporting Trump. “I think I’ve done enough,” he said when asked about it in May.
Article content
But earlier this month, shortly after leaving his formal government role as an adviser to Trump, the billionaire lambasted the president’s signature tax and spending deal in a series of posts that sparked an online feud and an explosive, hours-long public meltdown between the two men.
Article content
Over the weekend, Musk warned that the proposed cuts to electric vehicle and other clean energy credits would be “incredibly destructive” to the country, destroying millions of US jobs and giving “handouts to industries of the past while severely damaging industries of the future.”
Article content
The criticism has threatened to reignite Musk’s public rift with Trump, which appeared to have died down in recent weeks.
Article content
“I haven’t spoken to him much, but I think Elon is a wonderful guy, and I know he’s going to do well always,” Trump said on Fox News’s Sunday Morning Futures with Maria Bartiromo, which aired Sunday but was recorded on Friday before the billionaire’s most recent posts. “But he got a little bit upset, and you know that wasn’t appropriate.”
Article content
—With assistance from Dana Hull.
Article content
English (US)