Watch as President Donald Trump delivers a fierce rebuttal to Elon Musk’s harsh criticism of the controversial “Big, Beautiful” spending bill—just hours before Musk stunned the nation by quitting the Trump administration. Tensions escalate in this dramatic showdown between two powerful figures, exposing deep rifts within the White House.
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NewsTranscript
00:00This country is going to have a 65% increase in taxes and lots of other problems, big problems, almost bigger than that.
00:07We will be negotiating that bill, and I'm not happy about certain aspects of it, but I'm thrilled by other aspects of it.
00:14That's the way they go. It's very big.
00:16Mr. President, Elon Musk in a television interview criticized the one big, beautiful bill, saying he was disappointed it didn't cut enough, essentially, that it undercut the Doge efforts.
00:27What's your reaction to that?
00:27Well, the reaction's a lot of things. Number one, we have to get a lot of votes. We can't be cutting.
00:35You know, we need to get a lot of support, and we have a lot of support.
00:39We had to get it through the House. The House was—we have no Democrats.
00:43You know, if it's up to the Democrats, they'll take the 65% increase.
00:46You know, if that doesn't get approved, this country is going to have a 65% increase in taxes and lots of other problems, big problems, almost bigger than that.
00:56But we'll have a 65% increase as opposed to the largest tax cut in the history of our country.
01:02We will be negotiating that bill, and I'm not happy about certain aspects of it, but I'm thrilled by other aspects of it.
01:11That's the way they go. It's very big. It's the big, beautiful bill.
01:14But the beautiful is because of all of the things we have.
01:17The biggest thing being, I would say, the level of tax cutting that we're going to be doing.
01:24We're going to make people really be able to—we'll have one of the—we'll have the lowest tax rate we've ever had in the history of our country.
01:31And tremendous amounts of benefit are going to the middle-income people of our country, low- and middle-income people of our country.
01:39So we're going to see what happens because the Senate, as you know, is negotiating with us, and they have to then go back to the House.
01:45And, you know, it's got a way to go.
01:47But I have to say, Speaker Johnson and Thune have done an incredible job.
01:53John Thune has done a fantastic—leader Thune—a fantastic job.
01:57And they're working together with me and others. And I think we have an amazing—if we pull this off—remember, we have zero Democrat votes because they're bad people.
02:06There's something wrong with them. You know, they're—they'll let people pour into our country.
02:11The single biggest problem is we had 21 million people pour into our country, probably higher than that.
02:17And they're people that weren't supposed to be here. And many of those people are bad.
02:21Murderers, drug dealers, the mentally insane.
02:25They were closing mental institutions all over the world, not South America—all over the world.
02:30They're coming into our country, and we're getting them out.
02:32And we're having a hard time because some judges aren't making it very easy for us, and it's tough enough.
02:37They approved that. They allowed that to happen to our country.
02:40We don't have one Democrat vote.
02:43And if I were a Democrat, I'd be voting for this bill, and I'd get elected to any position I want as a Democrat.
02:48They're crazy. They're voting for a 65 percent tax increase, and they're only doing it for hatred.
02:55They're not doing it for any reason. They know it's terrible. Terrible politics, in my opinion.
03:00But—so we have no Democrat votes. That means we have to get almost all Republican votes.
03:05And I think we're very close to doing that. I think it'll be very successful. Yeah, please.
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