(CNN) — Elon Musk raised concerns about President Donald Trump’s sweeping tax and spending cuts package, saying in a video released Tuesday that he believes it would raise the US budget deficit and undercut efforts by the Department of Government Efficiency.
“I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing,” the tech billionaire and Trump donor told “CBS Sunday Morning.” “I think a bill can be big or it can be beautiful , but I don’t know if it can be both.”
Trump’s “big, beautiful bill” includes trillions of dollars in tax cuts and a big boost to the US military and to national security spending – largely paid for by overhauls to federal health and nutrition