Elon Musk and Trump’s debt policy – Diepresse.com
Good morning from New York,
Sometimes I actually sit alone in my office and laugh. For example, now when typing these lines. Because I’m looking for a good translation for « disgusting abomination ». This is named Elon Musk Donald Trump’s legislation for the extension of the tax cuts issued in 2017. « Disgusting hideousness » is my favorite, « disgusting hideousness » also fits quite well. Better suggestions are welcome.
In any case, the Tesla founder and now not more trump consultant will not find the « large, beautiful » draft law of the White House at all. This is not alone in Musk. There is also resistance within the Republicans and the Democrats are closed anyway. In the House of Representatives, Trump’s Republicans brought together a narrow majority, now the template is in the Senate. The president puts pressure on the law before July 4th. The Senate will probably push for changes and send a new version back to the MPs.
At the heart of the debate is about the US state debt. More and more important managers and entrepreneurs, from JPMorgan boss Jamie Dimon to fund manager Ray Dalio to Elon Musk, warn of a massacre at the bond market if the United States does not bring its debts under control.
