Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»Kevin O’Leary reveals what drove Musk to ‘fire off’ on Trump’s spending plan
Business

Kevin O’Leary reveals what drove Musk to ‘fire off’ on Trump’s spending plan

Buddy DoyleBy Buddy DoyleJune 6, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Kevin O’Leary reveals what drove Musk to ‘fire off’ on Trump’s spending plan
Share
Facebook Twitter LinkedIn Pinterest Email

The public rift between President Donald Trump and billionaire Elon Musk has escalated, with Musk repeatedly blasting the Trump-backed spending bill on X, calling it bloated, irresponsible and dangerous to the nation’s finances.

Now, O’Leary Ventures chairman and “Shark Tank” personality, Kevin O’Leary, is weighing in, offering insight into what may have sparked Musk’s strong opposition. According to O’Leary, it was a chart shared by Sen. Ron Johnson, R-Wis., that jolted Musk into action.

“Ron Johnson put out a graph a couple of days ago. A chart, very simple chart. Simply says, look, even during Trump’s first term, deficits were under a trillion dollars,” O’Leary said on “The Evening Edit” Thursday. “Then we have this pandemic, and every administration and every budget post the pandemic have $2 trillion-plus deficits.”

ELON MUSK SLAMS GOP TAX BILL OVER DEFICIT IMPACT: ‘DISGUSTING ABOMINATION’

O’Leary believes Musk saw the numbers and was stunned.

“That’s what got Elon fired off. He looked at that chart, too, and said, ‘Wait a second, why do we have to spend $2 trillion more than we need to?’” O’Leary said.

JAMIE DIMON WARNS US DEBT AND DEFICITS ARE A GROWING PROBLEM

Musk’s criticism of the bill, already passed by the House and awaiting a Senate vote, has centered on its staggering price tag and the increase it would bring to the national debt. He hasn’t held back online.

“I’m sorry, but I just can’t stand it anymore,” Musk wrote Tuesday on X. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.”

The national debt currently tops $36 trillion. While the bill includes $3 trillion in tax cuts for Americans, it’s projected to add $2.4 trillion to the deficit.

Beyond the headline numbers, O’Leary says another provision in the bill is also drawing concern, particularly among business leaders and lawmakers.

READ MORE FROM FOX BUSINESS

“One of the tweaks that’s being worked on that’s freaked out a lot [of] senators is this idea of empowering the IRS to audit businesses for nine years that took ERC tax credits,” O’Leary noted. “That’s a non-starter, so I’m sure they’re going to work on that language.”

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleCommon menopause medication might prevent breast cancer while treating hot flashes
Next Article Police Urge Residents To Lock Up

Related Articles

Zillow hit with federal copyright lawsuit over 47K allegedly stolen property photos

Zillow hit with federal copyright lawsuit over 47K allegedly stolen property photos

August 1, 2025
Biggest winners and losers of MLB trade deadline, according to DraftKings

Biggest winners and losers of MLB trade deadline, according to DraftKings

August 1, 2025
Musk gave M to support Trump, Republicans after White House split, called for new party weeks later

Musk gave $15M to support Trump, Republicans after White House split, called for new party weeks later

August 1, 2025
A new elite member credit card is out as issuers target wealthy customers

A new elite member credit card is out as issuers target wealthy customers

August 1, 2025
US job growth cooled amid growing economic uncertainty

US job growth cooled amid growing economic uncertainty

August 1, 2025
NYC cleaning lady describes terrifying face-to-face encounter with gunman: ‘I was so scared’

NYC cleaning lady describes terrifying face-to-face encounter with gunman: ‘I was so scared’

August 1, 2025
Texas Roadhouse hit with civil rights complaint alleging DEI discrimination in hiring practices

Texas Roadhouse hit with civil rights complaint alleging DEI discrimination in hiring practices

August 1, 2025
Elon Musk’s SpaceX: What to know ahead of astronaut launch

Elon Musk’s SpaceX: What to know ahead of astronaut launch

August 1, 2025
Starbucks getting rid of an ordering option as CEO pushes turnaround

Starbucks getting rid of an ordering option as CEO pushes turnaround

August 1, 2025
Don't Miss
Russiagate Hoax Linked To George Soros?

Russiagate Hoax Linked To George Soros?

Police Confirm Self-Defense In Fatal North Carolina Apartment Shooting

Police Confirm Self-Defense In Fatal North Carolina Apartment Shooting

Zillow hit with federal copyright lawsuit over 47K allegedly stolen property photos

Zillow hit with federal copyright lawsuit over 47K allegedly stolen property photos

Trump repositions 2 nuclear submarines after ‘highly provocative’ Russian comments

Trump repositions 2 nuclear submarines after ‘highly provocative’ Russian comments

Latest News
Biggest winners and losers of MLB trade deadline, according to DraftKings

Biggest winners and losers of MLB trade deadline, according to DraftKings

August 1, 2025
China’s growing nuclear arsenal aims to break US alliances and dominate Asia, report warns

China’s growing nuclear arsenal aims to break US alliances and dominate Asia, report warns

August 1, 2025
DAVID MARCUS: The Russia hoax is simple. Democrats lied and half the country believed them

DAVID MARCUS: The Russia hoax is simple. Democrats lied and half the country believed them

August 1, 2025
Review: TOPS Muley Skinner Knife

Review: TOPS Muley Skinner Knife

August 1, 2025
Musk gave M to support Trump, Republicans after White House split, called for new party weeks later

Musk gave $15M to support Trump, Republicans after White House split, called for new party weeks later

August 1, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.