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Trump criticizes Rand Paul over tax bill opposition: 'Votes no on everything'
Trump criticizes Rand Paul over tax bill opposition: 'Votes no on everything'

Fox News

time11 hours ago

  • Business
  • Fox News

Trump criticizes Rand Paul over tax bill opposition: 'Votes no on everything'

President Donald Trump on Tuesday criticized Sen. Rand Paul, R-Ky., for opposing his "big, beautiful bill." "Rand Paul has very little understanding of the BBB, especially the tremendous GROWTH that is coming. He loves voting 'NO' on everything, he thinks it's good politics, but it's not. The BBB is a big WINNER!!!" Trump wrote on TRUTH Social. The president added, "Rand votes NO on everything, but never has any practical or constructive ideas. His ideas are actually crazy (losers!). The people of Kentucky can't stand him. This is a BIG GROWTH BILL!" Paul is among a group of at least four Republican senators who have expressed apprehension over Trump's "big, beautiful bill" due to the budget package's projected increase in the national debt. The White House has framed the bill as a solution to four years of failures under former President Joe Biden. Sens. Ron Johnson of Wisconsin, Rick Scott of Florida, and Mike Lee of Utah, three other Republicans in the upper chamber, have also shared concerns about the bill's fiscal implications. Paul told Breitbart News on Monday that while he believes the left is "adrift," most Republicans are shying away from intra-party debates on certain issues, similarly to how Democrats acted after former President Barack Obama's re-election win. Paul reportedly said he supports "a lot" of Trump's budget package but disagrees with "the additional $5 trillion in debt" the senator claims is attached to the bill. "That's a hard place for me as I support much of what's in the bill, tax cuts, spending cuts, plus more spending cuts if we can get them. But I can't reconcile myself to adding $5 trillion in debt, raising the debt ceiling," Paul said. The senator told Breitbart the debt is going to be $2.2 trillion this year and Republicans have largely continued Biden-era spending levels. "They're anticipating $5 trillion in two years, and that means next year's deficit that some people are saying it's going to grow to over $3 trillion a year again," Paul said. The senator separately expressed to the Associated Press that he told Trump this would be the first time in recent history that Republicans would "own" the debt ceiling if an increase of the nation's debt limit was included in the GOP's sweeping tax and spending package. Paul reportedly added in the Breitbart interview that his opposition to portions of the "big, beautiful bill" are meant to preserve the Department of Government Efficiency (DOGE)'s progress down the road. "My fear is that when this bill passes that the ramifications a year out, two years out, will be, 'My goodness, what happened to DOGE? What happened to the spending cuts? Why is the deficit so big still?'" he said. "So I am working very hard to make sure there is still at least a part of the party — and it doesn't have to be anti-Donald Trump because I'm for him in so many ways — but it also means people still have to stand up and present their own ideas of what they're for." "I do support President Trump and I support most of the bill," Rand also wrote on X, explaining his position. "I'm his biggest defender on foreign policy. But at the same time I want conservative government so I have to fight for what I believe in." Trump and Senate Majority Leader John Thune, R-South Dakota, met at the White House at a critical moment Monday as senators returned to begin negotiations over the president's big tax breaks and spending cuts package. Thune said that GOP senators are "on track" to have the package approved by their July 4 deadline. But Thune also acknowledged the long road ahead as senators grind through private talks over changes to put their own stamp on the House-passed bill. Thune told the Senate floor on Monday that Republicans' priority is "extending tax relief for hardworking Americans and strengthening our border, energy, and national security." Sen. Josh Hawley, R-Mo., meanwhile, says Trump told him in a call he "wants to make sure" the Senate doesn't cut Medicaid benefits, according to the AP. The Missouri Republican has been working to strip steep healthcare cuts from the House bill, beyond work requirements for some aid recipients. Hawley said Trump told him the senators could instead raise revenue by closing the so-called carried interest tax loophole used by wealthy filers.

Elon Musk hammers large-scale government spending
Elon Musk hammers large-scale government spending

Daily Mail​

time2 days ago

  • Business
  • Daily Mail​

Elon Musk hammers large-scale government spending

Elon Musk says most of the savings made by the Department of Government Efficiency (DOGE) will be wiped out within a year by President Donald Trump's freshly unveiled 'big, beautiful bill.' Musk made the astounding comments during a blistering interview aired on Sunday despite initially declaring he only wanted to avoid discussing 'presidential policy' and stick to 'spaceships'. In a previously released clip last week, Musk took aim at Trump's bill saying that he didn't think it could be both big and beautiful - just one or the other. Speaking just days after officially leaving his advisory post, Musk warned that Trump's sweeping legislation would quickly obliterate the fiscal reforms DOGE had fought for. 'I was, like, disappointed to see the massive spending bill, frankly, which increases the budget deficit, doesn't decrease it, and undermines the work that the DOGE team is doing,' Musk told CBS Sunday Morning. The 'big, beautiful bill,' hailed by Trump as the keystone of his second-term agenda, proposes $5 trillion in tax cuts alongside aggressive new spending hikes, lifting the debt ceiling by more than $4 trillion over two years. Despite its ambitions, reshaping tax law, overhauling immigration policy, and slashing Medicaid benefits in the future, Musk believes the bill is fundamentally at odds with the hard choices DOGE made to streamline government. 'I actually thought that, when this "big, beautiful bill" came along, it'd be like, everything he's done on DOGE gets wiped out in the first year,' CBS reporter David Pogue said bluntly. 'I think a bill can be big or it can be beautiful... but I don't know if it could be both. My personal opinion,' Musk laughed. It was a rare, public rebuke of Trump from Musk - a man once dubbed the president's 'first buddy' and hailed on the campaign trail as a 'truly incredible guy' by Trump himself. Musk spent $288 million supporting Trump's election and became a fixture at the White House, invited into Cabinet meetings and leading the charge to slash federal bureaucracy with DOGE's chainsaw-wielding fervor. But after months of political warfare, Musk's relationship with Washington, and with Trump, has cooled. Lawsuits and protests coupled with a 71 percent crash in Tesla profits followed DOGE's drastic cuts which saw 250,000 federal workers either fired or bought out across every federal department. Musk saw grants slashed and staffing culled at environmental agencies including the EPA and NOAA, despite decades of warning about the risks of climate change. Musk's personal net worth shrank by $100 billion, whilst government workers blamed DOGE for everything from Social Security delays to shuttered national parks. 'It's a bit unfair because DOGE became the whipping boy for everything,' Musk said. 'If there was some cut, real or imagined, everyone would blame DOGE. 'I've had people think that, like, somehow, DOGE is going to stop them from getting their Social Security check which is completely untrue,' he went on. 'We became essentially the DOGE boogeyman, where any cut anywhere would be ascribed to DOGE,' he said. Originally touting a $2 trillion savings goal, Musk later revised his target to $1 trillion. In the end, Musk claims DOGE managed to slash an estimated $175 billion before his departure - a far cry from his lofty ambitions. Yet now, with Trump's bill promising $3.8 trillion in added debt over the next decade, Musk believes even those savings would essentially be rendered meaningless. 'We do expect, over time, to achieve a trillion,' Musk explained on Friday during his farewell press conference, but it was also clear he knew that a huge wave of fresh spending would overwhelm any of DOGE's victories. Musk's departure came after CBS previewed the interview in which he criticized the bill in a clip that quickly went viral and reached the Oval Office within hours. The timing was no coincidence: Musk's formal 130-day stint as a 'Special Government Employee' was over - yet until that moment, Musk seemed to imply that he would continue contributing to White House efforts part-time. At an Oval Office farewell event on Friday, both men tried to downplay the rupture. Trump presented Musk with a ceremonial gold key, praising him as a 'very special person.' 'Elon's really not leaving,' Trump said. 'He's going to be back and forth, I think. I have a feeling. DOGE is gonna continue, just as a way of life,' Musk told CBS. 'I will have some participation in that, but as I've said publicly, my focus has to be on the companies at this point.' Sporting a noticeable black eye that he claimed to have received from a playful punch by his son 'Little X' he also made sure to praise the president one last time. The DOGE team is doing an incredible job. They're going to continue doing an incredible job, and I will continue to be visiting here and be a friend and advisor to the president,' Musk said. Despite the highly choreographed moment, there still appeared to be some tension. 'My frank opinion of the government is that it's just like the DMV that got big, okay?' Musk told CBS. 'When you say, "Let's have the government do something," you should think: "Do you want the DMV to do it?" 'It's not like I agree with everything the administration does. But we have differences of opinion. There are things that I don't entirely agree with. But it's difficult for me to bring that up in an interview because then it creates a bone of contention,' Musk explained. 'So then, I'm a little stuck in a bind, where I'm like, well, I don't want to, you know, speak up against the administration, but I also don't want to take responsibility for everything this administration's doing.' Following the CBS interview, Musk returned to SpaceX's Texas headquarters, where he attended the ninth test launch of Starship. As the massive rocket spiraled out of control and disintegrated upon re-entry, some observers couldn't help but note the symbolism. 'I can't guarantee success, but I can guarantee excitement,' Musk noted dryly.

Musk takes hammer to Trump's 'big, beautiful bill' as he makes dire DOGE prediction after White House exit
Musk takes hammer to Trump's 'big, beautiful bill' as he makes dire DOGE prediction after White House exit

Daily Mail​

time2 days ago

  • Business
  • Daily Mail​

Musk takes hammer to Trump's 'big, beautiful bill' as he makes dire DOGE prediction after White House exit

Elon Musk says most of the savings made by the Department of Government Efficiency (DOGE) will be wiped out within a year by President Donald Trump 's freshly unveiled 'big, beautiful bill.' Musk made the astounding comments during a blistering interview aired on Sunday despite initially declaring he only wanted to avoid discussing 'presidential policy' and stick to 'spaceships'. In a previously released clip last week, Musk took aim at Trump's bill saying that he didn't think it could be both big and beautiful - just one or the other. Speaking just days after officially leaving his advisory post, Musk warned that Trump's sweeping legislation would quickly obliterate the fiscal reforms DOGE had fought for. 'I was, like, disappointed to see the massive spending bill, frankly, which increases the budget deficit, doesn't decrease it, and undermines the work that the DOGE team is doing,' Musk told CBS Sunday Morning. The 'big, beautiful bill,' hailed by Trump as the keystone of his second-term agenda, proposes $5 trillion in tax cuts alongside aggressive new spending hikes, lifting the debt ceiling by more than $4 trillion over two years. Despite its ambitions, reshaping tax law, overhauling immigration policy, and slashing Medicaid benefits in the future, Musk believes the bill is fundamentally at odds with the hard choices DOGE made to streamline government. 'I actually thought that, when this "big, beautiful bill" came along, it'd be like, everything he's done on DOGE gets wiped out in the first year,' CBS reporter David Pogue said bluntly. 'I think a bill can be big or it can be beautiful... but I don't know if it could be both. My personal opinion,' Musk laughed. It was a rare, public rebuke of Trump from Musk - a man once dubbed the president's 'first buddy' and hailed on the campaign trail as a 'truly incredible guy' by Trump himself. Musk spent $288 million supporting Trump's election and became a fixture at the White House, invited into Cabinet meetings and leading the charge to slash federal bureaucracy with DOGE's chainsaw-wielding fervor. But after months of political warfare, Musk's relationship with Washington, and with Trump, has cooled. Lawsuits and protests coupled with a 71 percent crash in Tesla profits followed DOGE's drastic cuts which saw 250,000 federal workers either fired or bought out across every federal department. Musk saw grants slashed and staffing culled at environmental agencies including the EPA and NOAA, despite decades of warning about the risks of climate change. Musk's personal net worth shrank by $100 billion, whilst government workers blamed DOGE for everything from Social Security delays to shuttered national parks. 'It's a bit unfair because DOGE became the whipping boy for everything,' Musk said. 'If there was some cut, real or imagined, everyone would blame DOGE. 'I've had people think that, like, somehow, DOGE is going to stop them from getting their Social Security check, which is completely untrue,' he went on. 'We became essentially the DOGE boogeyman, where any cut anywhere would be ascribed to DOGE,' he said. Originally touting a $2 trillion savings goal, Musk later revised his target to $1 trillion. In the end, Musk claims DOGE managed to slash an estimated $175 billion before his departure - a far cry from his lofty ambitions. Yet now, with Trump's bill promising $3.8 trillion in added debt over the next decade, Musk believes even those savings would essentially be rendered meaningless. 'We do expect, over time, to achieve a trillion,' Musk explained on Friday during his farewell press conference, but it was also clear he knew that a huge wave of fresh spending would overwhelm any of DOGE's victories. Musk's departure came after CBS previewed the interview in which he criticized the bill in a clip that quickly went viral and reached the Oval Office within hours. The timing was no coincidence: Musk's formal 130-day stint as a 'Special Government Employee' was over - yet until that moment, Musk seemed to imply that he would continue contributing to White House efforts part-time. At an Oval Office farewell event on Friday, both men tried to downplay the rupture. Trump presented Musk with a ceremonial gold key, praising him as a 'very special person.' 'Elon's really not leaving,' Trump said. 'He's going to be back and forth, I think. I have a feeling.' 'DOGE is gonna continue, just as a way of life,' Musk told CBS. 'I will have some participation in that, but as I've said publicly, my focus has to be on the companies at this point.' Sporting a noticeable black eye that he claimed to have received from a playful punch by his son 'Little X' he also made sure to praise the president one last time. 'The DOGE team is doing an incredible job. They're going to continue doing an incredible job, and I will continue to be visiting here and be a friend and advisor to the president,' Musk said. Despite the highly choreographed moment, there still appeared to be some tension. Treasury Secretary Scott Bessent, who reportedly clashed with Musk behind closed doors, stood stone-faced at the event. Trump wistfully that both him and Musk had endured 'slings and arrows'. He described Musk as someone he would keep close. 'Many of the things that we're working on right now, we're going to have to remember Elon as we find them,' Trump said. Following the latest bill announcement, Musk appears to be distancing himself from the administration's latest fiscal ambitions. 'My frank opinion of the government is that it's just like the DMV that got big, okay?' Musk told CBS. 'When you say, "Let's have the government do something," you should think: "Do you want the DMV to do it?" 'It's not like I agree with everything the administration does. But we have differences of opinion. There are things that I don't entirely agree with. But it's difficult for me to bring that up in an interview because then it creates a bone of contention,' Musk explained. 'So then, I'm a little stuck in a bind, where I'm like, well, I don't want to, you know, speak up against the administration, but I also don't want to take responsibility for everything this administration's doing.' Following the CBS interview, Musk returned to SpaceX's Texas headquarters, where he attended the ninth test launch of Starship. As the massive rocket spiraled out of control and disintegrated upon re-entry, some observers couldn't help but note the symbolism.

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