Donald Trump said his claim about preventing a 68% tax increase is true “according to what they tell me.” But "they" have no idea what they're talking about.

Proponents maintain that the opportunity to pass President Trump’s core agenda items—and pressure from Trump on holdouts—would propel the package over the finish line in the Senate, where the GOP has a 53-47 majority.

Musk has taken issue with the bill saying that it flies in the face of everything he thought he was supporting. Trump appointed Musk to head up the newly formed Department of Government Efficiency and was tasked with reducing “waste, fraud, and abuse” in government spending.

(Reuters) -Billionaire Elon Musk reiterated his criticism of U.S. President Donald Trump's spending legislation on Monday, arguing that it underscores the need for a new political party. The Tesla chief slammed the "insane spending" of the bill,