Tech titan Elon Musk announced on Saturday the launch of a new political party named the “American Party” in response to the passage of the One Big Beautiful Bill Act.
The One Big Beautiful Bill Act passed the House on Thursday with a vote of 218-214. The legislation includes provisions that align with President Donald Trump‘s main campaign promises, such as fully funding border security and the U.S. Immigration and Customs Enforcement, as well as maintaining the 2017 tax cuts.
On Independence Day, Musk started a poll on X, asking users whether he should create a new political party and run candidates against both Republicans and Democrats, whom he accused of belonging to the same “uniparty.”
The final poll indicated that a great majority of followers (65.4%) voted “Yes,” while 34.6% of followers said “No.”
“By a factor of 2 to 1, you want a new political party and you shall have it,” Musk stated Saturday on X. “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom.”
Musk strongly criticized Trump’s landmark legislation on X for increasing the national debt ceiling by $5 trillion and denounced the “insane spending” it entailed. He also mocked the uniparty as “The Porky Pig Party.”
Treasury Secretary Scott Bessent responded Sunday to Musk’s announcement of the America Party, calling on the former White House adviser to focus on his companies and stay out of politics, according to The Guardian. Bessent pointed out that while the Department of Government Efficiency—or DOGE—”principles” of waste reduction were popular, Musk himself was not.
“I believe that the boards of directors at his various companies wanted him to come back and run those companies,” Bessent told CNN’s “State of the Union.” “I imagine that those boards of directors did not like this announcement yesterday and will be encouraging him to focus on his business activities, not his political activities.”
James Fishback, CEO of Invest Azoria, announced on X that he would withdraw his support for Tesla and Musk following the announcement of a new political party, believing that creating “a political party not only fails to complement Tesla’s mission—it actively undermines it.”
“Elon has gone too far,” Fishback stated. “This creates a conflict with his full-time responsibilities as CEO of Tesla. It diverts his focus and energy away from Tesla’s employees and shareholders.”
“I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO. I remain hopeful that Elon will return his full attention to Tesla. If not, I trust the Board will take appropriate action,” Fishback concluded.
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