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»Musk condemns latest Senate bill that would ‘destroy millions of jobs,’ raise taxes on wind, solar projects
Business

Musk condemns latest Senate bill that would ‘destroy millions of jobs,’ raise taxes on wind, solar projects

Buddy DoyleBy Buddy DoyleJune 28, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Musk condemns latest Senate bill that would ‘destroy millions of jobs,’ raise taxes on wind, solar projects
Share
Facebook Twitter LinkedIn Pinterest Email

Former DOGE head and tech mogul Elon Musk took to X on his 54th birthday Saturday to bash the latest Senate draft of President Donald Trump’s “big, beautiful bill,” which would “destroy millions of jobs” and raise taxes on all wind and solar projects that have not yet started construction.

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country! Utterly insane and destructive,” Musk wrote in the post.

The post comes after Musk had a public falling out with Trump earlier this month over the administration’s “big, beautiful” spending bill.

FLASHBACK: MUSK ACCUSED TRUMP, GOP LEADERS OF NOT WANTING TO CUT SPENDING — HERE’S WHERE THEY SAID THEY WOULD

The billionaire criticized the first version of the bill June 3, calling it a “massive, outrageous, pork-filled Congressional spending bill [that] is a disgusting abomination.”

“Shame on those who voted for it: you know you did wrong,” Musk wrote in the June 3 post. “You know it.” 

Trump and Musk

‘HE’S NOT A BIG FACTOR’: TRUMP’S SENATE ALLIES DISMISS ELON MUSK’S CALLS TO ‘KILL THE BILL’

The new version, which Senate Republicans hope to deliver to the president by July 4, was debuted Friday night by Senate Budget Committee Chair Lindsey Graham, R-S.C.

Among the changes in the bill are adjustments to the Medicaid provider tax rate, cost-sharing for food benefits, caps on state and local tax (SALT) deductions and cuts to wind and solar incentives.

The new spending guidelines limit credits to sites that start production before 2028 and introduce new taxes on certain projects that commence thereafter.

ELON MUSK POSTS ‘KILL BILL’ MEME IN LATEST PUSH TO NIX TRUMP’S ‘BIG, BEAUTIFUL BILL’

In his post about the environmental cuts, Musk said the bill would give “handouts” to industries of the past, while severely damaging industries of the future.

The American Clean Power Association (ACP) issued a similar statement Saturday, noting the new taxes would freeze energy investments, reduce domestic energy production and drive up household energy bills.

“With no warning, the Senate has proposed new language that would increase taxes on domestic energy production,” ACP CEO Jason Grumet wrote in a statement. “In what can only be described as ‘midnight dumping,’ the Senate has proposed a punitive tax hike targeting the fastest-growing sectors of our energy industry.”

A wind turbine rotates in rural Lee County on March 27, 2024, in Illinois.

DAVID MARCUS: MUSK VS. MAGA ON ‘BIG, BEAUTIFUL BILL,’ BUT GOP NEEDS BOTH

Grumet added the new taxes would “strand hundreds of billions of dollars in current investments, threaten energy security, undermine growth in domestic manufacturing and land hardest on rural communities who would have been the greatest beneficiaries of clean energy investment.”

“We understand the Senate’s desire to meet the President’s July 4th deadline, but the stakes here are very high,” he wrote. “We urge Senate leadership to strike these last-minute tax increases and to take the time to responsibly analyze the impacts of this new tax regime on American businesses and communities.”

Sen. Elizabeth Warren, D-Mass., on Saturday afternoon said she was helping to hold the Senate “all night” to “FORCE” a full reading of the nearly 1,000-page bill.

  

“Democrats need to use every second to fight back against the Big Beautiful Bill,” Warren wrote on X.

The White House did not immediately respond to Fox News Digital’s request for comment.

Fox News Digital’s Alex Miller, Rachel del Guidice and Brian Flood contributed to this report.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleKey blue state Republican says Senate’s local tax write-off offer is a ‘good deal’
Next Article Top 5 Fat Tire Electric Bikes 2021 | Best Fat Tire e-Bikes 2021

Related Articles

Notorious hacker group sets sights on airline industry in alarming security threat

Notorious hacker group sets sights on airline industry in alarming security threat

July 2, 2025
Mamdani’s rent freeze plan could further strain housing costs in New York, experts say

Mamdani’s rent freeze plan could further strain housing costs in New York, experts say

July 1, 2025
Grocery chain recalls chocolate treats due to undeclared allergen

Grocery chain recalls chocolate treats due to undeclared allergen

July 1, 2025
Fed Chair Powell confirms tariff concerns prevented interest rate cuts so far this year

Fed Chair Powell confirms tariff concerns prevented interest rate cuts so far this year

July 1, 2025
SALT deduction will do ‘nothing for 90% of US taxpayers,’ economists say

SALT deduction will do ‘nothing for 90% of US taxpayers,’ economists say

July 1, 2025
Labor secretary unveils unprecedented plan to slash 63 ‘outdated and burdensome’ rules

Labor secretary unveils unprecedented plan to slash 63 ‘outdated and burdensome’ rules

July 1, 2025
Caitlin Clark’s new shoes sell out within minutes, reselling on secondary market for over double

Caitlin Clark’s new shoes sell out within minutes, reselling on secondary market for over double

July 1, 2025
Lululemon accuses Costco of selling knockoffs of its popular athletic apparel

Lululemon accuses Costco of selling knockoffs of its popular athletic apparel

July 1, 2025
FTC declares July as ‘Made in the USA’ month

FTC declares July as ‘Made in the USA’ month

July 1, 2025
Don't Miss
Notorious hacker group sets sights on airline industry in alarming security threat

Notorious hacker group sets sights on airline industry in alarming security threat

MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

Man arrested for deadly immigrant smuggling operation that killed Romanian family of four and his own brother

Man arrested for deadly immigrant smuggling operation that killed Romanian family of four and his own brother

TOP 5 BEST SURVIVAL KNIVES 2021 | YOU MUST OWN!

TOP 5 BEST SURVIVAL KNIVES 2021 | YOU MUST OWN!

Latest News
Pentagon releases 150 National Guard troops from security mission deployment in LA as wildfire threats mount

Pentagon releases 150 National Guard troops from security mission deployment in LA as wildfire threats mount

July 1, 2025
Trump admin approves Newsom’s request to ‘bail him out’ of damage left by violent LA riots: SBA

Trump admin approves Newsom’s request to ‘bail him out’ of damage left by violent LA riots: SBA

July 1, 2025
Top 10 Best Solar Generators 2021| Best Portable Power Station 2021!

Top 10 Best Solar Generators 2021| Best Portable Power Station 2021!

July 1, 2025
Trump Vs. Musk: “Big, Beautiful Bill” Feud Sparks Overnight Political Firestorm

Trump Vs. Musk: “Big, Beautiful Bill” Feud Sparks Overnight Political Firestorm

July 1, 2025
Grocery chain recalls chocolate treats due to undeclared allergen

Grocery chain recalls chocolate treats due to undeclared allergen

July 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.