WSJ Opinion: Potomac Watch Elon Musk Denounces Trump’s ‘Big Beautiful Bill’
Jun 4, 2025
Elon Musk has taken a stand against a new GOP tax bill, calling it a "disgusting abomination" on social media. The discussion pivots to the Senate's role in modifying the bill amidst fears of a looming $4.5 trillion tax increase. Meanwhile, Iran’s Ayatollah Khamenei dismisses a U.S. nuclear deal, asserting the country’s right for uranium enrichment. This scenario raises alarms about international security and the complexities surrounding ongoing negotiations. The impact of such policies echoes through both local and global economies.
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Senate's Role in Tax Bill
- The Senate faces pressure to keep the GOP tax bill close to the House version due to the difficulty of passing it there.
- However, the Senate should modify provisions like the $40,000 state and local tax deduction to improve policy and economic growth.
Thune Defends GOP Bill Growth
- Senate Majority Leader John Thune counters Elon Musk's criticism by citing economic growth from key tax provisions.
- He frames the bill as reducing the deficit through growth and spending cuts, opposing Musk's static scoring assumption.
Address Medicaid Coverage Estimates
- Republicans must address the Congressional Budget Office's coverage loss estimates head-on to counter political damage.
- They should explain that Medicaid work requirements will filter out those declining part-time work, preventing automatic coverage loss.