Elon Musk calls Trump tax bill an ‘abomination.’ Does he have the clout to stop it? - MarketWatch
1. Elon Musk criticized Trump's tax-and-spending bill for increasing national debt. 2. Analysts predict the bill could add up to $5 trillion to the national debt. 3. Senate fiscal hawks, led by Rand Paul, oppose insufficient spending cuts. 4. Musk's comments support hawks, but analysts predict the bill will likely pass. 5. The bill's passage may streamline treasury operations impacting market confidence.