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Musk announces creation of new party

The billionaire has vowed to give “freedom” back to the people and accused the US elites of “bankrupting” the nation

FILE PHOTO: Elon Musk. © Global Look Press / CNP / AdMedia

FILE PHOTO: Elon Musk. © Global Look Press / CNP / AdMedia

Elon Musk has announced that he is moving ahead with plans to create a new political party. The move comes on the heels of a falling out between the billionaire and President Donald Trump over tax and spending policy. 

Both Republicans and Democrats are only wasting taxpayers’ money and damaging the US economy, Musk claimed on Saturday. “When it comes to bankrupting our country with waste and graft, we live in a one-party system, not a democracy,” he wrote in a post on X, the social media platform he owns. “Today, the America party is formed to give you your freedom.

The billionaire did not elaborate on how much progress he had made with his plan. For a new nationwide party to be formed, its founding organization should qualify as a political party committee and register with the Federal Election Commission.

Musk first floated the idea of launching the America Party last month before reiterating his plans this week and confirming his intention to press ahead on Saturday. He tied the move to his opposition to Trump’s sweeping multitrillion-dollar tax and spending package, dubbed the ‘Big Beautiful Bill’. 

If this insane spending bill passes, the America Party will be formed the next day,” Musk wrote earlier this week, ahead of the Senate and House votes on the bill. 

The legislation, which Trump signed on Friday, allocates hundreds of billions of dollars in new spending for the president’s border and national security agenda and imposes steep cuts to Medicaid, food assistance, and clean-energy subsidies – something Musk’s company Tesla reportedly benefited from. 

Musk polled his followers on X about launching his party on Friday, hours before Trump signed the ‘Big Beautiful Bill’. On Saturday, he stated that “by a factor of 2 to 1, you want a new political party and you shall have it!

However, Musk may still have a long road ahead of him, according to Brett Kappel, a veteran election lawyer, who was asked to comment on the issue by CBS News. Each US state has different legal rules for recognizing political parties, he explained, adding that the hurdles for new ones “range from high to extraordinarily difficult to overcome.” Building a national party could take years, he said.

Author: Editors Desk

Source: RT

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