Musk throws Trump from the train about the tax law: resignation as a consultant!

Musk throws Trump from the train about the tax law: resignation as a consultant!

Elon Musk has given up his role as President Donald Trump's top consultant and announced this in a contribution on the social media platform X. In his message, Musk Trump thanked the opportunity to reduce the waste of state funds. Musk's resignation takes place a day after a violent criticism of a new tax law that comprises the plans of the President to increase the budget deficit. In a CBS interview, Musk made it clear that the law, tax reductions and an increased enforcement of the immigration laws provides for the expense. The draft law, which was recently adopted in the House of Representatives, is now being debated in the Senate.

Some Republicans, including Senator Ron Johnson, share Musks concerns. Mike Johnson, the spokesman for the House of Representatives, only demands minimal changes to the draft law. Musk's criticism of the situation of the federal bureaucracy was not unnoticed in the political circles. The congressional budget office has predicted that the new tax laws could increase the federal deficit by $ 3.8 trillion, while Republican leaders argue that increased economic growth could have a deficit -neutral effect.

Dogecoin in focus

Despite the withdrawal, Musk announced that he will pursue his passion for Dogecoin (Doge). He recently held a top -class presentation in the White House, which focused on the value and the potential of Dogecoin as a digital currency. At the meeting in which politicians, industry leaders and media representatives took part, Musk emphasized Doges role in the promotion of financial inclusion for unknown population groups and emphasized the lower transaction fees compared to traditional banking services. The culture around Dogecoin, which is characterized by memes and humor, also makes it accessible to newcomers to the cryptom market.

after Musk's presentation, the market reacted positively, and the value of Doge rose significantly, while the trading volume drew noticeably. Analysts noticed an increased interest of investors and saw Doge as potential candidates for broader acceptance as an asset. Musk advocated innovation -friendly regulations, which should also consider consumer protection.

The role of Dogecoin in space travel

Musk's defense of Dogecoin emphasizes the need to integrate cryptocurrencies into the mainstream financial system. The developments around Doge could potentially represent a change in the financial landscape and define new concepts of value, benefits and community in the digital era.