Tech billionaire Elon Musk has vowed to form a new political party, dubbed the “America Party,” following a heated dispute with President Donald Trump over a significant spending bill. Musk announced his plan on July 4, stating that the party would be formed “the next day” if the bill passes. The proposed party aims to challenge the existing two-party system, with Musk arguing that the country needs an alternative to the Democrat-Republican uniparty.
Musk’s decision comes after Trump’s “One Big Beautiful Bill” passed the House on July 4. Musk criticized the bill, calling it an “insane spending” disaster that would balloon the national debt by $3-5 trillion. According to Musk, his party would focus on reducing the national debt, a task he believes neither Democrats nor Republicans are capable of handling effectively.
A poll conducted by Musk on July 4 indicated strong public support for a new party, with over 80% of respondents backing the idea. Specifically, 80.4% of poll respondents supported a new party, while 40% expressed possible support for Musk’s “America Party”. This significant polling support suggests that Musk’s initiative may have a substantial impact on the US political landscape.
However, forming a new political party in the US is a daunting task, even for a wealthy individual like Musk. Third-party efforts have historically struggled to overcome America’s winner-take-all electoral system and stringent ballot access laws. Musk’s party would need to navigate these challenges to gain traction and potentially change the dynamics of American politics.
Musk’s decision to form a new party marks a significant development in his relationship with politics. Having spent $277 million to aid Trump and other Republican candidates in the 2024 election cycle, Musk’s move signals a potential shift in his political strategy. As the situation unfolds, it remains to be seen whether Musk’s party will gain momentum and challenge the dominance of the two-party system.
