Sam Kim Jul 6, 2025 https://www.afr.com/world/north-america/musk-says-he-s-formed-the-america-party-20250706-p5mcsq Washington | Elon Musk says a new political party he has been threatening to start up “is formed”, a day after President Donald Trump signed a tax cut and spending bill that the billionaire chief executive of Tesla has denounced. Musk made the announcement on his X social network after posting the results of a poll on the platform that he said showed 65 per cent of respondents in favour of creating an America Party. Donald Trump and Elon Musk in the Oval Office in May. AP “You want a new political party, and you shall have it!” he said on Saturday (Sunday AEST). “Today, the America Party is formed to give you back your freedom.” Musk, the world’s richest man, did not provide details. He first floated the idea as Congress prepared to pass Trump’s budget package, which will end a popular $US7500 ($11,450) consumer tax credit for electric vehicle purchases this year. That followed Musk’s exit from the administration in an incendiary spat with Trump that ended his role heading the Department of Government Efficiency’s drive to cut federal spending. tax and spending bill through a series of posts on X after the Senate version sped up the end of EV tax credits. By a factor of 2 to 1, you want a new political party and you shall have it! 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. Elon Musk @elonmusk Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system! Should we create the America Party? 7:46 PM · Jul 5, 2025 Musk took aim at Congress members who supported the bill, threatening to launch a new political party and vowing to boost his political spending to unseat legislators who voted for the bill during the next round of US elections. “If this insane spending bill passes, the America Party will be formed the next day,” Musk said on X at the time. He also criticised the package for giving “handouts to industries of the past while severely damaging industries of the future” and for raising the federal debt ceiling by $US5 trillion. Bloomberg