• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

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

by July 2, 2025
by July 2, 2025

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

0 comment
0
FacebookTwitterPinterestEmail

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

Mission Creep: The Fed’s Foray Into State and...

October 2, 2025

I Was a Victim of Cancel Culture. Don’t...

October 2, 2025

TREY YINGST: Hamas must accept Trump peace plan...

October 2, 2025

White House memo says Democrats’ plan could spend...

October 2, 2025

Vance blames Schumer’s fear of AOC primary challenge...

October 2, 2025

JD Vance responds to Hakeem Jeffries’ claim sombrero...

October 2, 2025

Patel cuts ties Comey’s FBI made with ADL...

October 2, 2025

Trump remains open to talks with Kim Jong...

October 2, 2025

Johnson accuses Schumer of blocking ‘real discussion’ to...

October 2, 2025

NATO allies clash after Russian jets breach airspace,...

October 2, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Wiliot and Walmart Partner to Transform Retail with Ambient IoT and AI

    October 2, 2025
  • Manual trades embracing IoT for safer workplaces

    October 2, 2025
  • Soracom and Skylo Roll Out Integrated Satellite IoT

    October 2, 2025
  • Mission Creep: The Fed’s Foray Into State and Local Debt

    October 2, 2025
  • I Was a Victim of Cancel Culture. Don’t Perpetuate It.

    October 2, 2025
  • OpenAI valuation hits $500 billion as employees sell $6.6 billion in shares

    October 2, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025

Categories

  • Economy (2,758)
  • Editor's Pick (279)
  • Investing (185)
  • Stock (1,879)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Mark Green announces retirement from Congress before...

June 10, 2025

I Attended Apple’s Annual Meeting. It Was...

March 18, 2025

NRCC launches ad campaign targeting dozens of...

April 12, 2025