Elon Musk celebrated the birthday of America by launching a new political party: the “America Party.” 

“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk wrote July 5 on X, which he owns. “Today, the America Party is formed to give you back your freedom.”

Musk is perturbed at President Donald Trump’s One Big Beautiful Bill Act, which Trump signed into law July 4, Friday. 

The new law cements the 2017 tax cuts while adding $3.4 trillion to the national debt over 10 years, according to an estimate from the Congressional Budget Office.

Musk has good reason to be upset. The Tesla and SpaceX CEO spent close to $300 million to help get Trump and other Republicans elected in 2024. And he spent the first few months of this year

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