Musk-Backed PAC Praises Trump Tax Bill Amid Rift

Building America’s Future (BAF), a PAC backed by Elon Musk, is spending over $1 million on a national Fox News ad campaign supporting President Trump and congressional Republicans for passing the 'One Big Beautiful Bill,' which extends 2017 tax cuts and includes nearly $1 trillion in Medicaid cuts. The 30-second ad, 'Independence,' highlights tax relief for working families, including exemptions for tips and overtime, a doubled child tax credit, and senior tax cuts. Despite this, Musk has vehemently opposed the bill, calling it an 'outrageous' and 'disgusting abomination,' and has pledged to fund primary challenges against Republicans who supported it. Musk also recently announced the formation of the 'America Party,' prompting Trump to dismiss the move as 'ridiculous.' BAF leaders, however, continue to praise Trump and GOP leaders for their 'historic' tax cuts and economic vision. The episode highlights the complex relationship between Musk’s financial support for GOP initiatives and his public criticism of their legislative agenda.