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Musk criticizes Trump tax cut bill, says it will lead to 'debt slavery'
2025-06-05 15:49:11

Odaily News Tesla CEO Elon Musk publicly criticized the Trump administration's latest comprehensive tax cut bill this week, saying it would lead to "debt slavery" and suggesting that Bitcoin (BTC) should become the US reserve currency. The bill will add $2.4 trillion to the national debt and cut $3.75 trillion in taxes, and is expected to cause 7.8 million people to lose health insurance eligibility. Musk called the bill a "disgusting monster" and attached an American flag emoji in response to Coinbase CEO Brian Armstrong's Bitcoin remarks. (Reuters)