Elon Musk is not happy with President Donald Trump’s signature spending bill, distancing himself from the legislation that narrowly passed the House last week and is now headed to the Senate. The measure, which Trump has hailed as a “big, beautiful bill,” would extend the 2017 tax cuts while enacting deep cuts to Medicaid in an effort to partially offset the costs. However, a report from the nonpartisan Congressional Budget Office projects that the legislation will increase the federal deficit by $3.8 trillion over the next decade, largely due to the extended tax breaks. “I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not decreases it,” Musk told correspondent David Pogue in an interview for CBS Sunday Morning.
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