Latest news with #DepartmentofGovernmentEfficiency.
Hindustan Times
a day ago
- Automotive
- Hindustan Times
Elon Musk slams Donald Trump's tax bill for slashing electric vehicle credits: ‘Incredibly destructive'
Jun 30, 2025 06:38 AM IST Elon Musk slammed the US Senate's latest version of President Donald Trump's multi-trillion dollar tax bill Saturday, warning that the cuts to electric vehicle and other clean energy credits would be 'incredibly destructive' to the country. Musk recently left Trump's side after working for several months as the head of Trump's so-called Department of Government Efficiency.(REUTERS) Musk, the chief executive officer of Tesla Inc. and SpaceX, posted on his social media platform X about the bill, which the Senate advanced in a contentious vote late Saturday. Musk recently left Trump's side after working for several months as the head of Trump's so-called Department of Government Efficiency. The bill would destroy millions of US jobs and give 'handouts to industries of the past while severely damaging industries of the future,' Musk said. The tech billionaire's latest criticism of the package threatens to reawaken his public rift with Trump that began after the world's richest man left his cost-cutting job in the administration. Trump was asked about Musk in an interview that was recorded on Friday before the billionaire's most recent posts. 'I haven't spoken to him much, but I think Elon is a wonderful guy, and I know he's going to do well always,' Trump said on Fox News's Sunday Morning Futures with Maria Bartiromo, which aired Sunday. 'But he got a little bit upset, and you know that wasn't appropriate.' The Senate tax bill would bring a quicker end to a popular $7,500 consumer tax credit for electric vehicles. While the earlier proposal would have ended the incentive at the end of this year for most EV sales, the new version terminates the credit after Sept. 30. Tax credits for the purchase of used and commercial electric vehicles would end at the same time.
Saudi Gazette
06-02-2025
- Business
- Saudi Gazette
Protesters rally across the US against Trump's policies
WASHINGTON — Thousands of demonstrators gathered in cities across the U.S. on Wednesday to protest the Trump administration's early actions, decrying everything from the president's immigration crackdown to his rollback of transgender rights and a proposal to forcibly transfer Palestinians from the Gaza of protesters in Austin marched through blocks around the State Capital, chanting and waving placards and chanting, 'This is what democracy looks like.'Protesters in Philadelphia and at state capitols in California, Minnesota, Michigan, Wisconsin, Indiana and beyond waved signs denouncing President Donald Trump, billionaire Elon Musk and Project 2025, a hard-right playbook for American government and societyThe protests were a result of a movement that has organized online under the hashtags #buildtheresistance and #50501, which stands for 50 protests, 50 states, one day. Websites and accounts across social media issued calls for action, with messages such as 'reject fascism' and 'defend our democracy.'Demonstrations in several cities piled criticism on Musk and the Department of Government Efficiency.'DOGE is not legit,' read one poster on the state Capitol steps in Jefferson City, Missouri, where dozens of protesters gathered. 'Why does Elon have your Social Security info???'Members of Congress have expressed concern that DOGE's involvement with the US government payment system could lead to security risks or missed payments for programs such as Social Security and Medicare. A Treasury Department official says a tech executive working with DOGE will have 'read-only access.' Trump has signed a series of executive orders in the first couple of weeks of his new term on everything from trade and immigration to climate change. As Democrats begin to raise their voice in opposition to Trump's agenda, protests have multiplied. — Euronews
