USA Today - Elon Musk announced the formation of a new political party amid his strident criticism of President Donald Trump's signature legislation.
"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk wrote on his social media platform X on July 5. "Today, the America Party is formed to give you back your freedom."
The move follows his falling-out with former close ally President Donald Trump over spending levels in the president's mega-bill and concerns about it increasing the federal debt. Musk strongly criticized the bill, attempted to rally opposition to it among Republicans in Congress, and called for a new political party in response.
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