Elon Musk launches American Party after falling out with Donald Trump

Billionaire businessman Elon Musk on Saturday announced that he had launched a new political party, named the America Party.

The announcement came two days after the US Congress passed Trump’s $4.5 trillion package of tax cuts and spending reductions, officially titled the “One, Big, Beautiful Bill”.

The bill ends federal subsidies for clean energy and electric vehicles to fund increases in military and border security spending. This move was reportedly one of the reasons for the falling-out between Trump and Musk, his former supporter.

On Saturday, Musk described the American Party as an alternative to the US’ two-party system, criticising both Democrats and Republicans for contributing to national debt through wasteful spending and corruption.

It remains unclear if the American Party has been registered with the country’s Election Commission yet, BBC reported.

New political parties are not required to officially register with the Federal Election Commission unless they raise or spend money “over certain thresholds in connection with a federal election”.

Notably, Musk is not eligible to run in the US presidential elections as he was born outside the country. He is yet to announce who will lead the new party, BBC reported.

On Friday, the US Independence Day, he conducted an online poll, asking if Americans wanted “independence from the two-party (some would say uniparty) system”.

The poll received more than 1.2 million responses. “By a factor of 2...

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