Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

Elon Musk claims of ‘pork’ in bill not even possible, Budget chair says

by admin July 2, 2025
July 2, 2025
Elon Musk claims of ‘pork’ in bill not even possible, Budget chair says

The chairman of the House Budget Committee pushed back on Elon Musk’s claim that President Donald Trump’s $3.3 trillion ‘big, beautiful bill’ is full of ‘pork.’

It’s a claim the tech billionaire made when the House was considering the legislation the first time around, and he re-vamped those attacks again this week as the Senate wrestled with the bill.

Chairman Jodey Arrington, R-Texas, told Fox News Digital in early June that it was not possible for ‘pork barrel spending’ to be included in the legislation, called a budget reconciliation bill, because the reconciliation process was simply not the mechanism for such federal funds.

‘Reconciliation does not have anything to do with discretionary spending — earmarks, and all of that,’ Arrington said. ‘And quite frankly, the [Department of Government Efficiency] findings were, I think, almost entirely an issue for… annual appropriations.’

‘Discretionary spending’ refers to the annual dollars allocated by Congress each year through the appropriations process, also known as ‘spending bills.’ 

It’s a process that’s historically known to be rife with ‘pork barrel spending’ from both Republicans and Democrats — funding for pet projects or other specific initiatives benefiting a certain member of Congress’ district.

But reconciliation deals with the government’s ‘mandatory spending’ — largely government welfare programs that can only be amended by changing the law.

‘We’re dealing with mandatory spending programs — entitlements, health care, welfare and the tax code,’ Arrington said. 

‘We did a responsible bill. There’s no pork in it. The question, I think, for some folks and the objective of mine and my budget committee members was, whatever we’re doing on tax or security to unleash growth and to buy greater security for the American people, we wanted it to be done in a fiscally responsible way.’

Senior White House advisor Stephen Miller echoed that sentiment on X last month: ‘The reconciliation bill cuts taxes, seals the border and reforms welfare. It is not a spending bill. There is no ‘pork.’ It is the campaign agenda codified.’

Musk posted on X Monday night., ‘It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!! Time for a new political party that actually cares about the people.’

The vast majority of the trillions of dollars in the bill are aimed at Trump’s tax policies — extending his 2017 Tax Cuts and Jobs Act (TCJA) while implementing new priorities like eliminating taxes on tips and overtime wages.

There’s also $5 trillion in the latest version of the bill aimed at raising the debt limit.

The legislation is also aimed at amending current laws to enable new funding for border security and Immigrations and Customs Enforcement (ICE) — projected to boost those priorities by billions of dollars.

To offset those costs, House GOP leaders are seeking stricter work requirements for Medicaid and food stamps, while shifting more of the cost burden for both programs to the states.

Republicans are also looking to roll back green energy tax subsidies in former President Joe Biden’s Inflation Reduction Act (IRA).

But Musk and other fiscal hawks’ main concern has been that the legislation does not go far enough with those spending cuts.

They have also raised concerns about the overall bill adding to the national debt, which is currently nearing $37 trillion.

As part of his social media campaign against the bill, Musk in June called for both eliminating the tax cuts and removing the debt limit increase from the final legislation.

Musk reposted another X user who wrote, ‘Drop the tax cuts, cut some pork, get the bill through.’

He’s also previously shown support on X for Sen. Rand Paul, R-Ky., and his call to strip the debt limit provision out of the bill.

Paul was one of three Republican senators to vote against the bill on Tuesday morning, alongside Sens. Thom Tillis, R-N.C., and Susan Collins, R-Maine.

It’s now set to be considered in the House on Wednesday, with a goal of sending it to Trump’s desk by Fourth of July.

This post appeared first on FOX NEWS

previous post
Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify
next post
Trump to meet with Netanyahu as he pushes for ceasefire between Israel, Gaza

Related Posts

Remains of Shiri Bibas, mom of two killed,...

February 22, 2025

Trump, South Africa in growing row over hotly...

February 10, 2025

‘Real consequences’: Food aid, flood insurance, FEMA funds...

October 3, 2025

Trump, Zelenskyy to meet for key deal as...

February 28, 2025

Department of Justice freezes all civil rights division...

January 23, 2025

Pentagon presses Japan, Australia on role in possible...

July 15, 2025

Senate Republicans ram Trump’s ‘big, beautiful bill’ through...

June 29, 2025

Trump fires 17 government watchdogs at various federal...

January 26, 2025

Trump’s world leaders club: who’s in and who’s...

January 26, 2025

State Department says it will ‘aggressively’ revoke visas...

May 29, 2025

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio
  • Capitol police arrest Rubio hearing disruptor, as Republican senator says ‘off to jail’
  • Trump calls on employers nationwide to match contributions into workers’ kids’ Trump Accounts
  • Rubio warns NATO allies US is ‘not simply focused on Europe,’ doesn’t have unlimited resources

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics

    January 29, 2026
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    January 29, 2026
  • Capitol police arrest Rubio hearing disruptor, as Republican senator says ‘off to jail’

    January 29, 2026
  • Trump calls on employers nationwide to match contributions into workers’ kids’ Trump Accounts

    January 29, 2026
  • Rubio warns NATO allies US is ‘not simply focused on Europe,’ doesn’t have unlimited resources

    January 29, 2026
  • Gulf shipping operations grind to halt near Iran, US quietly prepares for possible strike: ‘Heightened risk’

    January 29, 2026

Editors’ Picks

  • 1

    Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

    September 19, 2025
  • 2

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 3

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 4

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (607)
  • Investing (2,913)
  • Politics (3,568)
  • Stocks (1,054)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Copyright © 2026 bullhedging.com | All Rights Reserved