Connect with us

Hi, what are you looking for?

Economy

GOP senators express ‘concerns,’ ‘skepticism’ over Trump’s spending bill after Musk rant

NEWYou can now listen to Fox News articles!

A cohort of Senate Republicans already troubled by the House GOP’s version of President Donald Trump’s ‘big, beautiful bill’ found a common ally in Elon Musk, who again trashed the legislation on Tuesday.

Musk, who just exited his tenure as Trump’s efficiency bloodhound leading the Department of Government Efficiency (DOGE) last week, doubled down on his position that the House’s reconciliation package was an ‘abomination.’

‘I’m sorry, but I just can’t stand it anymore,’ Musk said 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,’ he continued. ‘You know it.’

Senate Republicans have already vowed to make changes to the colossal bill, which includes the president’s desires on tax, energy, immigration, defense and national debt policies. Senate Majority Leader John Thune, R-S.D., lauded Musk for his work with DOGE, but noted that the Senate GOP and the tech-billionaire had ‘a difference of opinion.’

He didn’t believe that Musk’s comments would derail the bill entirely in the upper chamber, either. Thune has pledged to get the bill to the president’s desk by Independence Day. 

‘The legislation, as passed by the House, can be approved here in the Senate, can be strengthened in the Senate, in a number of ways,’ Thune said. ‘We intend to do that, but when it’s all said and done, we’ll send it back to the House and hope that they can pass it and put it on the president’s desk.’

Still, fractures have emerged among lawmakers, with some viewing the bill through the same lens as Musk.

‘Well, he has some of the same skepticism I have, you know, towards the big, beautiful bill,’ said Sen. Rand Paul, R-Ky.

Paul has vowed not to support the bill as is without a serious overhaul to the legislation that would nix a $5 trillion increase to the nation’s debt ceiling — a stance that has gotten him into hot water with Trump.

Sen. Ron Johnson, R-Wis., has similarly pledged not to support the bill unless much steeper spending cuts are achieved. The House’s product includes $1.5 trillion in spending cuts over the next decade, but Johnson would like to see a return to pre-pandemic spending levels, which would effectively amount to a roughly $6 trillion cut in spending.

‘I share his concerns,’ Johnson said of Musk. ‘I also appreciate what he and President Trump did with his DOGE effort.’

And Sen. Mike Lee, R-Utah, a fiscal hawk whose views are closely aligned with Johnson’s, argued in response to the tech billionaire’s social media post that ‘federal spending has become excessive.’

‘The resulting inflation harms Americans and weaponizes government,’ Lee said on X. ‘The Senate can make this bill better. It must now do so.’

Other Senate Republicans, including those with outstanding concerns with the current legislation, were much less receptive to Musk’s tirade against the bill.

Sen. Josh Hawley, R-Mo., has remained steadfast in his position that he would not support the current Medicaid proposals in the House’s bill, especially if they cut benefits to his constituents and people across the country.

When asked his reaction to Musk’s rant, he shrugged, ‘Well, he’s entitled to his opinion, it’s a free country.’

Sen. Jim Justice, R-W.V., who has expressed reservations on the contents of the megabill, was more blunt.

‘My reaction to that is just simply this — and y’all may like this or not like this — but you know, Donald Trump is our president, not Elon Musk,’ he said. 

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Overview Rua Gold (CSE:RUA,OTC:NZAUF,WKN:A4010V,OTCQB:NZAUF) is a gold exploration company focused on two prolific, historic gold-producing regions in New Zealand: Hauraki Goldfield and Reefton Goldfield....

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Stock

    Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

    Editor's Pick

    Former independent presidential candidate Robert F. Kennedy Jr. is back in the headlines — not for suspending his campaign last week and endorsing Republican...

    Disclaimer: wisetradeinvesting.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.