BRIDGEWATER, SANA – Elon Musk said he\u2019s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing the America Party in response to the president\u2019s sweeping tax cuts law.<\/p>\n
Musk, once an ever-present ally to Trump as he headed up the slashing agency known as the Department of Government Efficiency, broke with the Republican president over his signature legislation, which was signed into law Friday.<\/p>\n
As the bill made its way through Congress, Musk threatened to form the \u201cAmerica Party\u201d if \u201cthis insane spending bill passes.\u201d<\/p>\n
\u201cWhen it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,\u201d Musk said Saturday on X, the social media company he owns. \u201cToday, the America Party is formed to give you back your freedom.\u201d<\/p>\n
The formation of new political parties is not uncommon, but they typically struggle to pull any significant support away from the Republican and Democratic parties. But Musk, the world\u2019s richest man who spent at least $250 million supporting Trump in the 2024 election, could impact the 2026 elections determining control of Congress if he is willing to spend significant amounts of money.<\/p>\n
His reignited feud with the president could also be costly for Musk, whose businesses rely on billions of dollars in government contracts and publicly traded company Tesla has taken a hit in the market.<\/p>\n
Source: AP<\/p>\n
Amer Dhawa<\/p>\n","protected":false},"excerpt":{"rendered":"
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