šØ BREAKING POLITICAL EARTHQUAKE: ELON MUSK LAUNCHES āAMERICA PARTYā AFTER TRUMP SIGNS CONTROVERSIAL BILL INTO LAW šØ
In a stunning political twist on Independence Day, President Donald Trump signed into law his sweeping domestic policy packageādubbed the āOne Big, Beautiful Billāāwhile his former top donor and close ally, Elon Musk, simultaneously detonated a political bombshell of his own: the formation of a new third party, the America Party.
Musk, the worldās richest man and once the largest financial backer of Trumpās 2024 campaign, took to his social media platform X to declare, āWe live in a one-party system, not a democracy. Today the America Party is formed to give you back your freedom.ā
The announcement came just hours after Trumpās celebratory signing of the nearly 900-page bill, which extends tax cuts, slashes social safety net programs, and injects billions into immigration enforcement and military spending. Musk, who had been publicly feuding with Trump over the billās fiscal impact, had previously labeled it a ādebt slavery billā and warned that it would ābankrupt the country with waste and graftā.
The fallout was immediate. Tesla shares plummeted nearly 7%, wiping out over $68 billion in market value and knocking $15.3 billion off Muskās net worth. Investors expressed concern that Muskās political ambitions could distract from his leadership at Tesla and SpaceX.
Meanwhile, Trump brushed off the announcement, calling Muskās new party āridiculousā and accusing him of āgoing completely off the railsā. The presidentās allies have already begun mobilizing to counter Muskās influence, with some launching super PACs aimed at preserving Republican unity.
The legislation, passed along party lines, is one of the most consequential in recent U.S. history. Key provisions include:
The Congressional Budget Office estimates the bill will add $3.3 trillion to the national debt over the next decade.
In Missouri, the human cost of the bill is already being felt. Kimberly Gallagher, a mother and full-time caregiver to her son Danielāwho has a rare genetic disorder and autismāfears the new Medicaid work requirements could strip them of vital support.
āMedicaid is in every facet of our life. It is not just medical. It is financial, it is care, and to lose any of those parts would drastically change our lives,ā she told reporters.
Missouri is among the states where Republican lawmakers are pushing to enforce 80-hour monthly work requirements for Medicaid recipients aged 19 to 49. Critics warn that such policies could lead to tens of thousands losing coverage, even if they are working or qualify for exemptions.
While Musk has yet to file official paperwork with the Federal Election Commission, he has outlined a tactical approach: focus on two or three Senate seats and eight to ten House districts to act as swing votes on major legislation.
āGiven the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws,ā Musk posted on X.
His proposed platform includes:
But experts remain skeptical. āNo party survives just on money,ā said Georgetown professor Hans Noel. āYou need a base of voters willing to campaign, organize, and stay engaged after setbacks. You canāt just buy thatā.
History is not on Muskās side. No third-party candidate has won an electoral vote since 1968. Even well-funded efforts like Ross Perotās Reform Party and Andrew Yangās Forward Party failed to gain lasting traction.
Ballot access alone is a Herculean task, requiring compliance with a patchwork of state laws. And Musk, a South African-born U.S. citizen, is ineligible to run for president himself.
Still, early polling suggests that up to 40% of Americans might support a Musk-led third party, particularly among independent and Republican-leaning men.
As Trump prepares for a nationwide tour to promote his legislative victory, Muskās America Party is already reshaping the political conversation. Whether it becomes a lasting movement or a high-profile protest remains to be seen.
But one thing is clear: the era of Trump-Musk unity is overāand American politics may never be the same.
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