Musk’s Third Party Plans Face Big Hurdles
July 10, 2025
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1:44Now PlayingMusk’s Third Party Plans Face Big Hurdles
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as posted by the channelElon Musk, the single biggest Republican donor in the 2024 elections, says he wants to create a new political party to lower the US national debt, which currently stands at $37 trillion.
After spending more than $290 million in 2024 to help elect President Donald Trump and secure a Republican majority in Congress, Musk very publicly broke with Trump and his party over their “One Big Beautiful Bill,” which the Committee for a Responsible Federal Budget warns could boost the debt by as much as $5 trillion over a decade.
Soon after Trump signed the bill into law on July 4, Musk posted a poll on his social media site asking his followers if they supported creating a new party, dubbed the America Party. He followed up with a post noting that 65.4% of respondents of the unscientific survey supported the idea, and declared the party was formed.
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