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

Canada planning to lift tariffs on some US goods to resume trade talks

Canada planning to lift tariffs on some US goods to resume trade talks

August 22, 2025
Nonprofit helps veterans launch businesses through apprenticeship program: ‘Lifetime of support’

Nonprofit helps veterans launch businesses through apprenticeship program: ‘Lifetime of support’

August 22, 2025
Cracker Barrel exec went on to sit on HRC Business Advisory Council

Cracker Barrel exec went on to sit on HRC Business Advisory Council

August 22, 2025
Despite economic headwinds, live sports spending is surging and higher than pre-pandemic levels

Despite economic headwinds, live sports spending is surging and higher than pre-pandemic levels

August 22, 2025
Discount grocer plans NYC expansion despite Mamdani’s government-run store proposal

Discount grocer plans NYC expansion despite Mamdani’s government-run store proposal

August 22, 2025
Musk’s X reaches tentative settlement in 0 million lawsuit over firings of platform’s former workers

Musk’s X reaches tentative settlement in $500 million lawsuit over firings of platform’s former workers

August 22, 2025
WATCH: DC business owner says new federal crackdown may be making streets safer, but hurting sales

WATCH: DC business owner says new federal crackdown may be making streets safer, but hurting sales

August 22, 2025
Cracker Barrel holds pop-up in NYC with food, line-dancing, country concert amid backlash over new logo

Cracker Barrel holds pop-up in NYC with food, line-dancing, country concert amid backlash over new logo

August 22, 2025
NBC nears massive MLB broadcasting deal worth nearly 0M over 3 years: report

NBC nears massive MLB broadcasting deal worth nearly $600M over 3 years: report

August 22, 2025
Don't Miss
Canada planning to lift tariffs on some US goods to resume trade talks

Canada planning to lift tariffs on some US goods to resume trade talks

Justice Jackson accuses Supreme Court of ensuring Trump ‘always wins’ in scathing dissent

Justice Jackson accuses Supreme Court of ensuring Trump ‘always wins’ in scathing dissent

Virginia Lt. Governor on why her state is at risk of losing federal funding over transgender bathrooms

Virginia Lt. Governor on why her state is at risk of losing federal funding over transgender bathrooms

Re-Set: Pelican’s Modular Matrix

Re-Set: Pelican’s Modular Matrix

Latest News
ICE arrests brother of illegal immigrant trucker in deadly Florida Turnpike wreck

ICE arrests brother of illegal immigrant trucker in deadly Florida Turnpike wreck

August 22, 2025
Nonprofit helps veterans launch businesses through apprenticeship program: ‘Lifetime of support’

Nonprofit helps veterans launch businesses through apprenticeship program: ‘Lifetime of support’

August 22, 2025
Defense Secretary Hegseth authorizes 2,000 National Guard troops to carry weapons in DC if necessary: US official

Defense Secretary Hegseth authorizes 2,000 National Guard troops to carry weapons in DC if necessary: US official

August 22, 2025
Feds nab suspected MS-13 gangster, top 700 arrests in DC crackdown

Feds nab suspected MS-13 gangster, top 700 arrests in DC crackdown

August 22, 2025
Cracker Barrel exec went on to sit on HRC Business Advisory Council

Cracker Barrel exec went on to sit on HRC Business Advisory Council

August 22, 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.