Elon Musk announced the formation of the America Party following a split with President Donald Trump over the president’s new tax cuts law, marking a potential shift in the political landscape.
BRIDGEWATER, N.J. — Elon Musk has made good on a previous declaration to establish a new political party, revealing the launch of the America Party in response to President Donald Trump’s recently enacted tax cuts law. This move comes as Musk distances himself from Trump, with whom he previously had close political ties.
Musk’s departure from the Republican president’s support was initiated by dissatisfaction with the tax legislation, which Trump signed on Friday. The bill’s approval by Congress prompted Musk to threaten the creation of the “America Party,” expressing his concern about excessive government spending.
“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk stated on X, the social media platform he owns. “Today, the America Party is formed to give you back your freedom.”
On Sunday, as Musk prepared to leave his New Jersey residence for a return to Washington, Trump addressed the media regarding Musk’s new party, dismissing the idea as “ridiculous.” Trump highlighted the Republican Party’s significant achievements, while also suggesting that third parties historically introduce confusion.
While new political parties are not uncommon in the U.S., they often struggle to draw substantial support away from the major Republican and Democratic parties. However, Musk, being the world’s richest individual, has the potential to influence the 2026 congressional elections if he chooses to allocate substantial financial resources to the America Party. Musk has previously invested at least $250 million backing Trump in the 2024 election.
The renewed discord with Trump could have significant ramifications for Musk, as several of his business enterprises, including Tesla, benefit from substantial government contracts. The lack of clarity regarding the formal establishment of the America Party remains, as spokespeople for Musk and his political action committee, America PAC, have not commented.
Notably, several political entities listed in the Federal Election Commission database appeared after Musk’s announcement on Saturday, including variations of “America Party” names or affiliations with Musk. However, many were not legitimate, with contact information appearing as unverifiable addresses.
Moreover, on Sunday morning, Musk engaged users on X, gathering insights on the America Party and indicating plans to participate in the 2026 midterm elections. Last month, Musk expressed intentions to challenge every congressional member who supported Trump’s tax legislation, criticizing it as a “disgusting abomination.”
His critique extended to the expanded federal deficit and criticized the Republican Party, which controls the executive, legislative, and judicial branches, for enlarging the government and national debt by five trillion dollars.
Musk’s decision to form a political party reflects a significant change from his stance in May when he indicated an intention to reduce political engagement as his tenure in the White House closed.
Scott Bessent, Treasury Secretary, and former Doge boss, acknowledged on CNN’s “State of the Union” that Musk’s principles resonated with some, but noted polling suggested Musk himself was not popular. “I imagine that those board of directors did not like this announcement yesterday and will be encouraging him to focus on his business activities, not his political activities,” Bessent remarked.
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