Trump's spending bill includes around $4.9 trillion in tax breaks and increases funding for defense and border security, some of which would be paid for by social security cuts. It would also raise the debt ceiling, the limit on how much the federal government can borrow, to $4 trillion.

WASHINGTON—Former White House cost-cutting czar Elon Musk called President Trump’s “big, beautiful” tax-and-spending package a “disgusting abomination,” stepping up his criticism just as the Senate is trying to quickly pass the measure and get it signed into law by July 4.

Elon Musk voiced strong opposition to President Trump's so-called "one big beautiful bill," citing excessive government spending.