Uphill Battle to Pass Trump Tax Bill: Wendy Schiller

Wendy Schiller, professor at Brown University, joins to discuss President Trump's travel ban and the outlook for his tax bill as it gains more criticism from Elon Musk.

Elon Musk is on a mission to block President Donald Trump’s tax bill after he tried — and failed — to convince Republican lawmakers to preserve valuable tax credits for electric vehicles in the legislation, according to a person familiar with the matter.

The Tesla Inc. chief executive officer personally appealed to House Speaker Mike Johnson to save the tax credit, the person said, requesting anonymity to discuss a private conversation. The House version of the tax measure calls for largely ending the popular $7,500 electric car subsidies by the end of 2025 that Tesla has benefited from for years.

“Call your Senator, Call your Congressman,” Musk wrote in a social media post. “Bankrupting America is NOT ok!”

In an interview with Bloomberg Television on Thursday, Johnson did not confirm whether Musk had approached him over the credits, but said the two would speak later in the day.

“Elon’s a good friend. We texted late last night. We’re going to talk this morning,” Johnson said. “I just want to make sure that he understands what I think everybody on Capitol Hill understands. This is not a spending bill, my friends, this is a budget reconciliation bill. And what we’re doing here is delivering the America First agenda.”

Still, Johnson said, Musk seems “pretty dug in right now, and I can’t quite understand the motivation behind it.”

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