Elon Musk said on Saturday that he is forming a third political party after a public fallout with President Donald Trump. The move follows Musk’s opposition to Trump’s domestic policy bill, which he claims will add trillions to the national deficit.
“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk wrote on X. “Today, the America Party is formed to give you back your freedom.”
Until recently, Musk was Trump’s top individual donor and adviser. He led efforts to slash federal spending and supported the president’s 2024 campaign. Their rift began when Musk criticised the spending bill, calling it “debt slavery.”
Musk deleted earlier posts attacking Trump but reignited tension this week as the bill neared passage. Trump signed it into law on Friday.
There is no current FEC record of a registered political entity under Musk’s name. He has said the America Party will focus on select House and Senate races during the 2026 midterm elections.
While Musk shares Trump’s stance on many social issues, he has sharply broken with Republicans over fiscal policy.
Trump responded by threatening to review federal contracts with Musk’s companies. He also called the Department of Government Efficiency, a “monster” that may “go back and eat Elon.”
Musk’s party would be the most high-profile third-party challenge since Ross Perot’s 1992 campaign. Experts say legal, financial, and voter resistance make third-party success extremely difficult.
Still, Musk appears committed to moving forward.
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