The post Elon Musk criticizes Trump’s bill for undermining his DOGE cost-cutting efforts appeared on BitcoinEthereumNews.com.

Donald Trump made it clear from the White House on Wednesday that he has no regrets about his latest tax bill, even after sharp public complaints from his so-called best friend Elon Musk. The president brushed aside Elon’s criticism during a press briefing, saying the administration needed broad Republican backing in Congress to pass the legislation. “Number one, we have to get a lot of votes,” Trump told reporters. “We can’t be cutting — you know, we need, we need to get a lot of support.” The backlash came after Elon told CBS News he was “disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing.”  According to CBS, Elon expressed frustration with how the bill undermines his Department of Government Efficiency — or DOGE — which he has led since January in a high-profile attempt to reduce wasteful federal spending. Elon calls the bill wasteful, Trump defends compromises Elon didn’t hold back when describing Trump’s so-called “One Big Beautiful Bill Act,” which combines sweeping tax cuts with increased funding for the military and border security. “I think a bill can be big or it can be beautiful,” Elon said, “but I don’t know if it can be both.” His statement echoed warnings from budget analysts who say the bill could expand the deficit by trillions over the next decade. The bill scraped through the House last week, but it faces major changes in the Senate to win over skeptical Republicans. Trump admitted he isn’t happy with everything in the bill, saying, “We will be negotiating that bill, and I’m not happy about certain aspects of it, but I’m thrilled by other aspects of it. That’s the way they go.” He emphasized that…

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Filed under: News - @ May 28, 2025 8:27 pm