Musk Launches New Political Party Amid Feud with Trump Over Tax Bill

Nepal has become an unlikely theater for the latest round in the tattered bromance between President Donald Trump and Elon Musk, as the latter has announced the formation of a new political party. The America Party has been launched in response to Trump's signing of the "big, beautiful" tax-cut and spending bill, which Musk opposed fiercely. The billionaire, who has spent hundreds of millions on Trump's re-election and led the Department of Government Efficiency, cited growing national debt as the main reason for his disillusionment with the president.

Key Takeaways:

Elon Musk has launched a new political party, the America Party, in response to Trump's tax bill.
Musk opposed the tax bill and cited growing national debt as the main reason for his disillusionment with Trump.
Musk has spent hundreds of millions on Trump's re-election and led the Department of Government Efficiency.
Trump earlier this week threatened to cut off subsidies to Musk's companies, which receive billions of dollars from the federal government.
The feud between Trump and Musk has raised concerns among Republicans that it could hurt their chances in the 2026 midterm congressional elections.
Musk has also referenced the ancient Greek city-state of Epaminondas' military strategy as a model for his new party's tactics.
The Department of Government Efficiency, led by Musk, aimed to slash government spending.
Musk's Tesla car company and SpaceX satellite firm contributed to his net worth, making him the world's richest man.

Statistics:

National debt increased from $2T to $2.5T under Trump's presidency.
Musk spent hundreds of millions on Trump's re-election.
The federal government provides billions of dollars in subsidies to Musk's companies.
The America Party was formed with the stated goal of giving Americans "back their freedom."
Musk referenced a 2-to-1 ratio of supporters for the new party on his social media platform.

Sources:

Reuters
Republica