Elon Musk Plans Third US Political Party Amid Budget Bill Opposition

Elon Musk has proposed forming a new political party, named the 'America Party,' as an alternative to the current Democrat-Republican system, criticizing the recently passed 'One Big Beautiful Bill' for increasing the national debt by $5 trillion. Musk's call for a third party aims to represent the '80% center' of Americans, reflecting his frustration with what he terms a 'one-party Democrat-Republican uniparty.' This move follows a public fallout with President Donald Trump, whom Musk had previously supported, particularly opposing the administration’s spending policies. Despite Musk's intention, the Libertarian Party has urged him to join their ranks instead of creating a new party, highlighting their existing infrastructure and budget. Political analysts note the difficulty for third-party efforts in the current polarized climate, where stark contrasts between major party candidates leave limited space for centrist challengers. Musk has also pledged to support primary challengers against incumbents who voted for the spending bill, signaling his intent to influence the political landscape beyond just forming a new party.