The White House is standing firm on its proposed tax legislation following sharp criticism from entrepreneur Elon Musk, who recently described the bill as a “disgusting abomination.”
Musk, CEO of Tesla and SpaceX, voiced his disapproval of the tax proposal on social media, arguing that the measures would be harmful to innovation and economic growth. He specifically targeted provisions that would increase taxes on high-income individuals and corporations, contending that such policies could discourage investment and job creation.
In response, White House officials reaffirmed their support for the bill, emphasizing its focus on ensuring that wealthy Americans and large companies pay what they consider to be a fair share in taxes. Administration representatives stated that the legislation is designed to address long-standing inequalities in the tax system and to generate revenue for key government programs.
A spokesperson for the White House explained that the proposed changes are intended to make the tax code more equitable and to support investments in infrastructure, education, and healthcare. The administration has maintained that the plan will not raise taxes on those earning less than $400,000 per year.
The debate over the tax bill comes as lawmakers continue to negotiate the details in Congress, with supporters arguing that the reforms are necessary for fiscal responsibility and critics warning of potential negative impacts on the economy.
The exchange between Musk and the White House highlights the broader national conversation about taxation, wealth, and economic policy as the administration seeks to advance its legislative agenda.