Elon Musk political party: What to know about the 'America Party'
President Trump signs 'big, beautiful bill' into law
President Trump signed the 'big, beautiful bill' into law during the Military Family Picnic at the White House on the Fourth of July at the White House. Ahead of signing the legislation, he delivered remarks alongside First Lady Melania Trump.
Elon Musk said Saturday that he was ready to launch a new political party after President Donald Trump signed the "big beautiful" bill into law.
Here’s what to know about Musk’s so-called new "America Party":
Elon Musk political party
Musk calls for new party, slams Trump's megabill
As the Senate prepares to vote on President Donald Trump's tax and budget bill, Elon Musk continued to express his disapproval of the "Big, Beautiful Bill." "It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!! Time for a new political party that actually cares about the people," shared Musk on X.
Big picture view:
On Saturday, Musk announced on X, the social media platform he owns, the formation of a new political party.
The backstory:
The announcement followed a July 4 poll, where Musk asked whether voters wanted independence from what he called the "two-party (some would say uniparty) system."
Over 1.2 million votes were cast, with 65.4% saying "yes."
What they're saying:
"By a factor of 2 to 1, you want a new political party and you shall have it," Musk posted Saturday. "When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom," he tweeted.
The ‘America Party’
Notable Elon Musk business ventures
Here's a look back at some of the notable business ventures by Elon Musk, who has quickly risen in the ranks of the wealthiest men in the world.
Musk's plan:
Musk tweeted that The America Party would target a few key seats in Congress, with the goal of keeping both the Republican and Democratic parties from reaching a majority in Congress.
What they're saying:
"One way to execute on this would be to laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts. Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people," he tweeted.
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Elon Musk and Trump fallout
FILE - This combination of pictures created on June 5, 2025 shows US President Donald Trump in the Oval Office of the White House, in Washington, DC, on May 5, 2025 and Elon Musk in the Oval Office of the White House in Washington, DC, on May 30, 202
Big picture view:
Trump and Musk were in an alliance earlier this year, with Trump selecting Musk to lead the Department of Government Efficiency, or DOGE, to help cut federal spending. Before that, Musk spent at least $250 million supporting Trump in the 2024 presidential campaign as the main contributor to America PAC
But the relationship came to a head in recent weeks when Musk started speaking out against Trump’s big bill of tax breaks and spending cuts, and of those who have voted in favor of it.
RELATED: Trump-Musk feud: Here's a look at how things escalated
What they're saying:
Musk said the legislation would kill jobs and bog down industries, and that he would start a new political party if the bill passed.
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Trump’s big beautiful bill
Economic impacts of the "Big, Beautiful Bill"
President Donald Trump on Friday signed the tax and spending cut bill Republicans muscled through Congress this week, turning it into law by his own self-imposed Fourth of July deadline. Christopher Hodge, Head Economist for the U.S. at Natixis CIB Americas, joins LiveNOW from FOX to discuss the economic impacts of the "Big, Beautiful Bill."
Meanwhile:
Trump signed his bill into law on the Fourth of July during a picnic at the White House. The bill passed narrowly through Congress, with Vice President Vance breaking a Senate tie.
The other side:
Democrats condemned the law, calling it a threat to health care, food aid, and the federal deficit.
READ MORE: Trump signs 'big, beautiful' bill into law at White House July 4th picnic
The Source: Information in this article was taken from social media posts made July 4 and 5, 2025, by Elon Musk’s public X account. Background information was taken from previous FOX Television Station reportings. This story was reported from Detroit.