Elon Musk gave hundreds of millions of dollars to Donald Trump in the last race for the White House but their alliance has fractured – and Musk is now starting his own party
Billionaire Elon Musk has declared his new America Party has been “formed” with a dig at former ally-turned-foe Donald Trump.
Mr Musk asked users on X/Twitter on July 4 whether he should form a new party to challenge the Democrats and Republicans, despite backing the GOP at the last election to the tune of hundreds of millions of dollars. In a poll, 65.4 per cent of 1.2 million respondents said a new America Party should be formed – it is unclear how many of those respondents were actually US citizens.
In a statement shared to X/Twitter Mr Musk said: “By a factor of 2 to 1, you want a new political party and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom.”
The move comes amid a spectacular fall out between Mr Musk and Mr Trump over the president’s so-called Big, Beautiful Bill. The legislation, which passed earlier this week aims to extend Mr Trump’s 2017 tax cuts and will ensure funding for ICE, which goes after people living in the US illegally.
But critics claim the bill is not properly funded and will add trillions of dollars to the deficit, strip Americans of their access to food stamps and Medicaid, which poorer citizens use to fund their healthcare.
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