△ Elon Musk (Photo)
On June 28th, local time, American entrepreneur Elon Musk posted on social media platforms that the latest draft of the Senate’s bill on large-scale taxation and spending.
“It will destroy millions of American jobs and cause significant strategic damage to the United States.”
This is not the first time Musk has criticized Trump’s tax reform bill.
On May 22nd, local time, after the House of Representatives passed the “big and beautiful” bill on large-scale taxation and spending, which Trump called “big and beautiful,” Musk expressed dissatisfaction, stating that this bill would increase the federal deficit, “contrary to the goals being pursued by the government efficiency department.”
On June 4th, local time, Musk intensified his campaign against Trump’s tax cut bill, calling on Americans to contact their legislators to “kill” the bill. On social media, Musk stated, “Bankrupting the United States is wrong.”
The Democrats in the U.S. attempt to prevent the bill from passing.
On June 28th, local time, Republican Senators from the U.S. Senate announced that a procedural vote on Trump’s “big and beautiful” bill would be held later that day.
That day, Democratic Leader Schumer expressed on social media that the Democrats would force the Senate to read a 940-page bill. The New York Times reported that reading this bill would take several hours, a strategy aimed at delaying its passage.
The “big and beautiful” tax reform bill could significantly increase federal debt.
On May 22nd, local time, the House of Representatives, majority Republican, narrowly passed a “big and beautiful” bill on large-scale taxation and spending proposed by the Trump administration. The bill will then be submitted to the Senate for consideration. Critics warned that the bill would severely impact healthcare policy and significantly increase federal debt. It is reported that the bill plans to reduce taxes by $4 trillion over the next decade and cut at least $1.5 trillion in spending. (CCTV Zhao Miao)