Trump’s $ 5 trillion tax Gambal Sparks GOP Revolt, Market Jitlers; And a rare rebuke from Elon Musk

President Donald Trump is facing increasing resistance from Republican Senators, Financial Markets, Economists, and even Elon Musk on his multitralian-dollars, which critics say the national debt may explode and can raise a careful economy already.The House recently passed Trump’s proposed tax and spending cuts, but analysts say they would add more than $ 5 trillion to the national loan in the next decade, if according to the committee for a responsible federal budget. Meanwhile, investors are reacting with suspicion: the interest rate on a 10 -year Treasury note is now about 4.5%, when Trump’s 2017 tax deduction law is enacted a dramatic jump at 2.5% rate.Development vs. realityThe White House says that economic development will offset the cost of tax deduction. Chairman of the Economic Advisors’ Council, Stephen Miran said that the economy would increase at an average of 3.2% annually – above 1.9% launch of the Congress budget office – and that the tariff would generate sufficient revenue to reduce the deficit.“The deficit is a very important concern for this administration,” Miran said.But outside economists are not confident. Former Obama advisor Jason Furman said that the plan is “mostly development- and competition-oriented tax cut” and warned that high long-term interest rates could prevent economic growth.Kent Smeakes of Penn Wharton Budget Model called the White House forecasts “a task”, while Yale Economist Eirney Tedchi said that tax deduction only maintains the current break and will not give meaningful development:“It is removing water.”Musk: “I was disappointed”Even Elon Musk, who once served Trump’s now in the “Department of Power Efficiency” of Trump, expressed rejection.Musk told CBS News, “I was disappointed to see the bill spent on a large scale, which increases the lack of budget … and reduces the work that Dogi is doing.”White House attacks criticsWhite House press secretary Karolin Lewitt tried to blunt criticism, accusing the Congress’s budget office of relying on “substandard perceptions”.“Incorrectly wrongly claims that the ‘one, big, beautiful bill’ deficit increases, based on it … scorers who historically have been terrible in the forecast,” he said.House speaker Mike Johnson joined the aggressive, “always underestimate” the CBO “by reducing the economic boost” from the tax deduction.Nevertheless, Trump admitted that the lack of deduction in offsetting expenses was a political agreement:“We have to get a lot of votes. We cannot bite. ,Senate resistance increasesBut GOP Senator is not on all boards. Both Senator Rand Paul and Ron Johnson have raised red flags, and Paul warned on Sunday that at least four Republican Senator is ready to block the bill until it is modified.Paul said on CBS face the nation, “GOP will be the owner of debt once voted for it.”This is a serious threat in a Senate where Republicans have only three-seat majority.$ 36 trillion and loan on climbingExtensive reference adds urgency: US national debt has crossed $ 36.1 trillion, and social security and medicare loom large future pressure. On budget and policy priorities, Brendon Duke of the Center said that time cannot be worse:“Legalists will work with social security, medicare and ending tax deduction at the same time.”And while Trump says that tariffs will help pay for tax deduction, legal experts point to recent court decisions that doubted their emergency announcements and suspected to implement comprehensive import taxes.Trump said in April, “It’s our turn to be prosperous.” “Use trillions and trillion dollars to reduce our taxes and pay our national loan, and it will all be very early.”But all growing with debt, interest rates and internal GOP stress, Trump’s economic condition can withstand its most difficult testing yet.