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Musk unveils the America Party to challenge US two-party dominance.
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Tech billionaire accuses Republicans and Democrats of “bankrupting” America.
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Trump threatens Musk with deportation after public fallout over spending bill.
Billionaire entrepreneur Elon Musk has announced the creation of a new political party in the United States, vowing to disrupt what he described as the country’s entrenched “one-party system.”
Musk, who was previously a major donor to President Donald Trump’s 2024 campaign, revealed the formation of the America Party in a post on X (formerly Twitter) on Saturday.
“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk wrote. “Today, the America Party is formed to give you back your freedom.”
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The SpaceX and Tesla CEO’s declaration follows a bitter rift with Trump over a massive domestic spending package. As the former head of the now-defunct Department of Government Efficiency, Musk had led efforts to cut federal jobs and spending but clashed with Republican leaders after they supported the $3.4 trillion bill.
In a poll conducted on X on US Independence Day, Musk asked followers if they supported a break from the traditional two-party system. More than 1.2 million people responded, with a 2-to-1 majority backing his call for a new political force.
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After Musk labelled the Republicans’ flagship bill “debt slavery,” Trump reportedly threatened to revoke federal contracts from Musk’s businesses and even raised the prospect of deporting the South African-born billionaire.
“We’ll have to take a look,” Trump told reporters when asked if he would act on the threats. Musk became a US citizen in 2002.
