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Elon Musk is likely criticizing the "One Big Beautiful Bill" (H.R.1), a U.S. House bill passed on May 22, 2025, that extends 2017 tax cuts, funds border security, and raises the national debt by $4 trillion. He argues it risks "bankrupting America" due to the massive deficit increase and unsustainable debt. Supporters claim it boosts economic growth and provides tax relief, but critics, including Musk, warn of long-term fiscal risks and cuts to programs like Medicaid and SNAP. The bill's Senate fate is uncertain as of June 4, 2025.