Musk renews attacks on Trump's "big, beautiful bill," says it will "destroy million of jobs"

Billionaire Elon Musk on Saturday doubled down on his distaste for President Trump's sprawling tax and spending cuts bill, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down burgeoning industries.

"The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country," Musk wrote on X on Saturday as the Senate was scheduled to call a vote to open debate on the nearly 1,000-page bill. "It gives handouts to industries of the past while severely damaging industries of the future."

The Tesla and SpaceX CEO, whose birthday is also Saturday, later posted that the bill would be "political suicide for the Republican Party."