• Latest
  • Trending
Elon Musk breaks with Trump over tax cuts and spending plans

Elon Musk breaks with Trump over tax cuts and spending plans

Coal India offers 35 MT coal auction, eases industry rules

Coal India offers 35 MT coal auction, eases industry rules

EPF members await interest credit after 8.25% rate retention

EPF members await interest credit after 8.25% rate retention

Ola Electric raises over ₹780 Cr through institutional share sale

Ola Electric raises over ₹780 Cr through institutional share sale

HCC wins ₹127 Cr contract for Wangchhu Hydroelectric Project in Bhutan

HCC wins ₹127 Cr contract for Wangchhu Hydroelectric Project in Bhutan

IndusInd Bank denies receiving official notice on whistleblower complaint

IndusInd Bank denies receiving official notice on whistleblower complaint

May month review of the stock market 

May month review of the stock market 

Hindalco expands Eternia footprint, opens flagship experience centre in New Delhi

Hindalco expands Eternia footprint, opens flagship experience centre in New Delhi

China’s aluminium output rises as Middle East tensions shake commodity markets

China’s aluminium output rises as Middle East tensions shake commodity markets

TCS to support AI adoption across IT operations for Finland’s Nokian Tyres

TCS to support AI adoption across IT operations for Finland’s Nokian Tyres

Indiabulls Board clears Rs 1,000 crore capital raise plan

Indiabulls Board clears Rs 1,000 crore capital raise plan

Record peak demand boosts IEX trading volumes; DAM prices rise over 18% in May

Record peak demand boosts IEX trading volumes; DAM prices rise over 18% in May

SoftBank offloads 3.25% stake in Lenskart for around Rs 2,873 crore

  • Market
  • Commodity
  • Personal Finance
  • Data Story
  • News
  • Contact Us
Friday, June 5, 2026
  • Login
Data Biz Times
No Result
View All Result
Data Biz Times
No Result
View All Result

Elon Musk breaks with Trump over tax cuts and spending plans

in world
Reading Time: 2 mins read
0
Elon Musk breaks with Trump over tax cuts and spending plans
Share on FacebookShare on Twitter

Athira Sethu

Kochi, 6 June 2025

The cordial relationship between Elon Musk and ex-President Donald Trump appears to have ended. Musk, who was an earlier Trump supporter, recently made a fierce assault on the Republican tax and spending bill, calling it a “disgusting abomination.” Musk’s remarks were a complete departure from their earlier cordial relationships.

Musk had been a strong Trump supporter, giving about $250 million to his re-election campaign. Trump responded by making Musk the head of the newly formed Department of Government Efficiency (DOGE) in 2024, whose job was to curb government expenditure and trim federal workers. Musk’s tenure brought massive layoffs and budget reductions, and the department championed a radical proposal to trim the U.S. federal budget by $2 trillion.

But things started to go downhill as Musk grew increasingly critical of Trump’s policies. In the past few weeks, Musk became critical of Trump’s tax bill, which the House of Representatives approved with Trump’s backing. Musk’s “kill the bill” call appeared to be the last straw.

Trump was disappointed when questioned about the issue. Although he did not speak adversely of Musk himself, he admitted that their relationship had been strained. Trump further stated that he had assisted Musk previously, but now that the relationship was no longer as strong, it seemed unlikely that such favor would be repeated.

Musk’s rebuke was not only of the tax bill. He also referenced Trump’s previous tweets, wherein the former president denounced Republicans for raising the debt ceiling and not balancing the budget. Musk further distanced himself by posting a tweet on his platform X (formerly Twitter) that quoted one of Trump’s previous tweets denouncing the rise in the debt ceiling.

The deterioration in their relationship occurred also at a time when Trump pulled the nomination for Musk’s friend, Jared Isaacman, to become NASA’s next administrator. Trump’s action created further tension since Musk had wanted Isaacman to get the job. Isaacman’s rejection appeared to have been based on his connections with Democratic donors, Republican sources state.

Ultimately, what began as a robust political alliance between Trump and Musk now appears to be disintegrating, with Musk still resisting Trump’s policies and abandoning the previously firm alliance.

Related Posts

Crude oil drops on signs of US Iran deal

Crude oil drops on signs of US Iran deal

0

Athira Sethu Kochi, 25 May 2026 The price of crude oil witnessed a sharp fall during the morning session of...

Crude oil prices drop as US Iran peace talks continue

Crude oil prices drop as US Iran peace talks continue

0

Athira Sethu Kochi, 7 May 2026 Prices for Crude Oil Fell to Around $101 per Barrel Early Thursday Morning, May...

NASA’s SLS rocket, powered by Boeing, launches Orion moon mission

NASA’s SLS rocket, powered by Boeing, launches Orion moon mission

0

DBT Bureau Pune, 3 April 2026 NASA’s Space Launch System (SLS) rocket, featuring a core stage built by Boeing, launched...

Shanghai Electric delivers first large-scale biomethanol bunkering for international shipping

Shanghai Electric delivers first large-scale biomethanol bunkering for international shipping

0

DBT Bureau Pune, 26 March 2026 Biomethanol from Shanghai Electric's Taonan project has been successfully bunkered onto the container vessel...

Coal India offers 35 MT coal auction, eases industry rules
News

Coal India offers 35 MT coal auction, eases industry rules

0

DBT Bureau Pune, 5 June 2026 In a series of business-friendly initiatives, Coal India Limited (CIL) is offering more coal...

Read moreDetails
EPF members await interest credit after 8.25% rate retention
News

EPF members await interest credit after 8.25% rate retention

0

Athira Sethu Kochi, 5 June 2026 In March 2026, the Employees' Provident Fund Organisation (EPFO) kept the Employees’ Provident Fund...

Read moreDetails
Ola Electric raises over ₹780 Cr through institutional share sale
Market

Ola Electric raises over ₹780 Cr through institutional share sale

0

Athira Sethu Kochi, 5 June 2026 Ola Electric attracted investor attention after successfully raising more than ₹780 crore through a...

Read moreDetails
HCC wins ₹127 Cr contract for Wangchhu Hydroelectric Project in Bhutan
News

HCC wins ₹127 Cr contract for Wangchhu Hydroelectric Project in Bhutan

0

DBT Bureau Pune, 5 June 2026 Hindustan Construction Company Ltd. secured a contract worth ₹127 crore from Wangchhu Hydroelectric Power...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Market
  • News
  • Data Story
  • Business
  • Media Release
  • Tech
  • Contact Us

Data Biz Times © 2024. All Rights Reserved.