“Honestly, I can only have this entire bill,” Musk speak during the Wall Street Journal CEO Council Summit on Monday. “Don’t get over it. That is my recommendation”.
Musk also told the WSJ that his colleagues at Tesla don’t care or think about the bill. He also noted that the federal deficit continues to grow and will be negatively impacted by 2.1 trillion dollars budget, which House pass but this is pending Senate approval.
“Honestly, it would have been better if the bill didn’t go through because we spent so much money,” Musk said. “The federal budget deficit is crazy.”
The bill is expected to increase the federal deficit by $274 billion over the next 10 years and reduce gross domestic product by 0.2% by 2050. follow estimated from the Penn Wharton Budget Model.
The Building Act is better again consists of up to $12,500 in tax credits for purchases of electric vehicles manufactured by U.S. battery union labor. Cars made by Tesla, a non-union outlet, will receive smaller tax incentives under pending legislation.
Still, Tesla cars make up nearly 80% of all new US electric vehicle sales, CNBC report. However, the leading electric vehicle manufacturer has largely ignored by the White House, which is mainly focused on promote companies have a consolidated workforce.
On Monday, Musk also criticized a provision in a recently enacted bipartisan infrastructure bill that aims to expand the electric vehicle charging network in the country, according to the WSJ.
The law allocates $7.5 billion to build new charging ports across the country.
“Do we need help with gas stations? We don’t,” Musk told the WSJ. “So there is no need for support for the charging network. I will delete it. Delete.”
“Literally, I’m saying get rid of all subsidies,” he continued.
Musk added that “something really bad will happen” if the US doesn’t start cutting government spending.
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https://www.tampafp.com/elon-musk-says-democrats-should-tank-entire-build-back-better-bill/ Elon Musk Says Democrats Should Raise Entire Reconstruction Bill Better