Billionaire entrepreneur Elon Musk has threatened to form a new political party in the United States, warning that if President Donald Trump’s sweeping domestic spending bill is passed by Congress, he would move to establish what he called the “America Party.”
In a series of posts on his social media platform, X, the Tesla and SpaceX chief described the Republican-backed legislation as “insane spending” that would raise the national debt ceiling by a record $5 trillion.
Musk claimed the bill underscores the existence of what he termed a “Democrat-Republican uniparty” and called on voters to demand an alternative.
“It is obvious with the insane spending of this bill... that we live in a one-party country — the PORKY PIG PARTY!!” Musk wrote on X, referring disparagingly to Trump’s signature bill.
He added: “Time for a new political party that actually cares about the people.”
The remarks come as the Senate rushes to pass the controversial domestic policy package before the July 4 deadline. The bill, which includes a raft of tax cuts, infrastructure subsidies, and defence spending hikes, has triggered dissent not only from Democrats but now also from one of the GOP’s biggest financial backers.
Musk, once a prominent figure in Trump’s White House orbit, has become increasingly vocal in recent months about his disapproval of the former president’s economic policies. His public split with Trump, which has played out on social media, reached a peak this week as the legislation neared final passage.
“If this insane spending bill passes, the America Party will be formed the next day,” Musk wrote. “Our country needs an alternative... so that the people actually have a VOICE.”
He further warned Republican lawmakers of political consequences, saying: “They will lose their primary next year if it is the last thing I do on this Earth.”
The White House, responding to Musk’s comments, downplayed the billionaire’s outrage, suggesting his opposition stemmed from the bill’s move to phase out subsidies for electric vehicles — a key source of support for Tesla.
“I think Elon is a wonderful guy, and I know he’s going to do well, always. He’s a smart guy,” Trump told Fox News over the weekend.
Musk, who previously helmed the short-lived Department of Government Efficiency under the Trump administration, has long voiced concerns over the rising national debt and what he views as fiscal irresponsibility in Washington. He has also floated the idea of forming a third party before, most recently polling his followers on X about the idea on June 5.
Political analysts note that while Musk’s threat to establish a new party may not materialise immediately, his increasing criticism of the Republican establishment could further divide the conservative base ahead of the 2026 midterms.
“This is not just noise. Musk holds extraordinary influence over a certain segment of the electorate, particularly younger, tech-savvy conservatives,” said Danielle McBride, a political strategist at the Washington Institute. “His disavowal of Trump’s bill and the broader GOP could translate into real electoral consequences.”
The proposed "America Party" would likely centre around a platform of fiscal restraint, deregulation, and a reduced federal footprint — ideals Musk has championed for years.
However, critics argue that Musk’s ventures into politics often lack consistency, with past endorsements ranging from Trump to centrist and even liberal candidates. His repeated reversals — including deleting critical posts and walking back earlier attacks — have led some observers to question the seriousness of his latest political declaration.
Nevertheless, his comments have reignited debate in Washington about the role of billionaires in shaping policy and political discourse.
For now, the bill remains in the Senate, where lawmakers are locked in a marathon session debating last-minute amendments before a final vote expected later this week.
