Elon Musk-Donald Trump: Tesla Company owner Alan Musk is one of the trusted advisors of US President Donald Trump. However, now the avenues of the two are different. On Wednesday (May 28), Musk has distanced distance from the Temp Government’s Department of Government Efficiency (DOGE) team. He has left his post. Many types of talks are being done about this, which is probably pointing towards the crack between Trump and Musk. The reason for this is believed to be a bill, which can spoil the ability of DOGE to work. Alan Musk also severely criticized this.
US President Donald Trump has announced the introduction of the Economic Bill One Big Beautiful Bill Act, which included multi-trilian dollar tax break, huge increase in defense spending and spending related to immigration control measures. This is a bill to increase government spending. Regarding this bill, Elon Musk had said that this bill will increase the government deficit, but further. This will weaken the work of the dog team. He further said that I think this bill can be big or beautiful, but not both. However, Trump reacted to this and said in the Oval office that I am not happy with some parts of it, but we will see what happens next.
What is ‘One Big Beautiful Bill Act’?
There are many types of things in the One Big Beautiful Bill Act. Which is as follows.
- It is proposed to increase the tax deduction of 2017 for the next 10 years.
- Increase in spending for border security.
- Strict rules will be implemented on Medicaid.
- Clean energy tax reducing exemption.
- Social security programs will be potentially cut.
This bill is part of Trump’s declared plan, which they consider to be the beginning of Golden Age.
Loss of deficit or saving?
Many experts believe that the country’s deficit may increase due to the One Big Beautiful Bill. Under an estimate, the bill may increase to $ 4 trillion in the next 10 years from the bill. However, the White House believes that this bill will save $ 1.6 trillion. Will promote economic growth up to 5.2%.
How was the bill passed in the House of Representatives?
The bill was passed by 215-214 votes, which was passed by a very low majority. Differences were also seen in the Republican party, especially Fiscal Hawks opposed it. It will now be debated in the Senate, where it can be amended or completely rejected.
How was the work of dog affected?
DOGE (Department of Government Efficiency) was a department to control government spending led by Allen Musk. Its purpose was to cut ineffective schemes, reduce foreign aid, balance public broadcasting funds. However, Musk believes that Trump’s One Big Beautiful Bill Act is contrary to the direction of DOGE.