‘I Was Disappointed’: Elon Musk Throws Cold Water On Trump’s ‘Big, Beautiful Bill’

Elon Musk issued sharp criticism for President Donald Trump’s “one big, beautiful bill” incorporating vast swathes of the president’s first-year legislative agenda, citing projections that the legislation will increase budget deficits.

Musk argued in an interview with CBS News scheduled to air on Sunday that the bill will contradict the cost-cutting work of Trump’s Department of Government Efficiency (DOGE), of which Musk has announced he will take a step back from overseeing. The billionaire Tesla and SpaceX CEO has previously criticized GOP-backed spending bills for preserving alleged wasteful spending and failing to make government more efficient.

“I was disappointed to see the massive spending bill, frankly, which increases the deficit, not just decreases it, and undermines the work that the DOGE team is doing,” Musk told CBS News.

“I think a bill can be big, or it can be beautiful, but I don’t know if it can be both, in my personal opinion,” the billionaire added.

Though several estimates project Trump’s landmark bill will add to the deficit, especially in the short term, House GOP leadership and senior Trump administration officials have argued that pro-economic growth policies in the tax portion of the bill, deregulation and revenue from the president’s tariffs will shrink budget deficits.

Proponents of the “big, beautiful bill” have also heralded the fact that the legislation will enact historic levels of spending reduction by reforming Medicaid and the Supplemental Nutrition Assistance Program, commonly known as food stamps.