Elon Musk Threatens to Create New Party if US Congress Approves Big Spending Bill

Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has once again taken to social media to make bold political statements, this time threatening to create a new political party in the United States if Congress passes a controversial $4 trillion spending bill proposed by President Donald Trump.

Musk’s comments, made on June 30, have sparked widespread attention and debate, particularly as they come in the context of his ongoing criticism of both major political parties in the US.

Musk’s remarks were posted on his X (formerly Twitter) account, where he declared, "The ‘America Party’ will emerge the day this ridiculous spending bill passes. The country needs an alternative to the ‘Democrat-Republican’ duopoly where people actually have a voice."

This statement seemed to mock the two dominant political parties in the US, which Musk suggests, despite their public differences, are essentially the same in their policy approaches and governance.

His comments are especially pointed as Congress works to finalize the details of the bill, a key part of President Trump’s second-term agenda that aims to boost economic growth.

The spending bill, which Trump has ardently supported, is designed to fuel an economic recovery, providing substantial funding for infrastructure, defense, and tax cuts.

However, critics, including Musk, have raised alarms about the long-term financial implications of such an expansive fiscal plan, especially its potential to exacerbate the country’s already massive national debt.

According to estimates from the Congressional Budget Office (CBO), the bill could add approximately $3.3 trillion to the US deficit over the next decade.

Musk’s criticism has focused on what he perceives as the hypocrisy of lawmakers who campaign on promises of fiscal responsibility, yet vote in favor of legislation that significantly increases the national debt.

Musk’s comments are a direct challenge to both the Democratic and Republican parties, which he argues have failed the American people by perpetuating policies that lead to unsustainable government spending.

In his posts, Musk condemned legislators who vote for the bill, claiming that their actions would result in an economic downfall and lead to their electoral defeat in the 2026 midterm elections.

He further expressed his belief that those who vote for the bill will “lose face” in the eyes of their constituents, calling for a new political movement to represent the interests of everyday Americans.

While Musk has repeatedly stated that he does not intend to run for president due to his foreign-born status, his rhetoric about creating a new political party has nonetheless garnered significant attention.

The proposed party, which Musk has referred to as the "America Party," would ostensibly offer an alternative to the current political system, advocating for fiscal conservatism, technological innovation, and a new way of thinking about governance in the US.

Musk’s comments have sparked significant speculation about the potential impact of such a political movement, especially considering his immense social media following and influence in the tech and business sectors.

The development of Musk’s political rhetoric is notable given his previous involvement with the Trump administration, where he briefly served as an informal advisor. However, his relationship with Trump has been strained due to differing opinions on various policies, especially the proposed spending bill.

Musk’s previous comments on the matter led to a public clash with the president, with Musk criticizing Trump’s approach to government spending and tax cuts, calling the bill a "fiscal nightmare" that would put the country further in debt.

Musk’s calls for a new party come at a time of significant political polarization in the United States, with many Americans growing increasingly dissatisfied with the status quo.

His outspoken stance on the spending bill and his proposal for a new political party have positioned him as a potential disruptor in the political landscape, with some viewing him as a figure who could challenge the entrenched political elites.

Despite Musk’s significant influence, his proposal for a new party faces considerable challenges. The entrenched two-party system in the US has long been resistant to third-party movements, and any new party would need to overcome substantial barriers to gain traction at the national level.

However, Musk’s ability to mobilize public opinion through social media and his considerable wealth could make him a formidable force in American politics, especially if he chooses to use his platform to advocate for more fundamental changes to the political system.

The potential creation of the "America Party" would also have implications for the upcoming 2026 midterm elections, which are expected to be a key battleground for control of Congress.

Musk’s involvement in politics could shift the balance of power, particularly if he succeeds in attracting significant numbers of disillusioned voters from both the Democratic and Republican parties.

The idea of a political outsider with vast resources and a large social media following running a campaign based on fiscal conservatism and technological innovation has the potential to disrupt traditional party lines.

Critics of Musk’s proposal argue that his calls for a new party are rooted in his frustration with the current political system and his desire for more influence. They argue that Musk’s immense wealth and influence already give him significant power in shaping public discourse, and that he is using his platform to further his own agenda.

Supporters, however, see Musk’s comments as a call for reform and a reflection of the widespread dissatisfaction with the political establishment. In conclusion, Elon Musk’s call for the creation of a new political party in the United States has added fuel to the ongoing debate about the future of American politics.

With the proposed $4 trillion spending bill continuing to dominate discussions in Washington, Musk’s outspoken stance on fiscal responsibility and his suggestion for a new political movement have made him a central figure in the political discourse.

Whether or not Musk’s vision for a new party gains traction, his comments highlight the growing discontent with the two-party system and the potential for new political ideas to reshape the future of governance in the US.