Hey everyone! In a heated showdown, billionaire Elon Musk and hardline conservative Republicans are turning up the heat on President Donald Trump’s tax-cut and spending bill. This measure extends Trump’s 2017 tax cuts while boosting spending on military and border security, sparking a major debate.
Reports from the Congressional Budget Office warn that the bill could add about $2.4 trillion to the national debt, which already stands at $36.2 trillion. With interest added, costs could soar to $3 trillion—or even $5 trillion if temporary cuts become permanent.
Musk took to his social media platform to voice his concerns, stating, "America is in the fast lane to debt slavery." His strong words join those of Senate Republicans demanding steeper spending cuts.
While top lawmakers assure that the legislative process is in full swing, debates like this remind us that big-budget decisions in Washington can ripple across global markets and affect tech communities worldwide. Stay informed and stay curious! ✨
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Musk, hardline U.S. Republicans attack Trump tax-cut and spending bill
cgtn.com
