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Musk forms new political party after split with Trump over president’s signature tax cuts law

President Donald Trump, right, speaks during a news conference with Elon Musk in the Oval Office of the White House, Friday, May 30, 2025, in Washington.

Musk said he’s carrying out his threat to form a new political party after a falling out with Trump over the president’s sweeping tax cuts law.

(Image credit: Evan Vucci)