“Honestly, I would just can this whole bill. Don’t pass it. That’s my recommendation,” he said at the Wall Street Journal’s CEO Council Summit Monday.
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- The Tesla CEO noted the company had previously benefited from a vehicle purchase tax credit but stopped receiving it almost two years ago. He said the company did not expect to receive subsidies when it launched, adding it was unnecessary for the government to subsidize electric charging stations because gas stations do not need government subsidies.
- Musk, a frequent critic of Democratic spending proposals, said he was concerned about the Build Back Better bill’s increased spending amid large government deficits, saying future obligations relating to programs such as Social Security and Medicare mean the deficit will likely remain a significant problem in the future.
- “Rules and regulations are immortal. They don’t die. Occasionally, you see some lull with a sunset provision, but really otherwise, the vast majority of rules and regulations live forever,” he said. “There’s not really an effective garbage collection system for removing rules and regulations. This hardens the arteries of civilization.”
- Musk dismissed the scrutiny over his wealth as “anti-billionaire BS” and said billionaires do not have enough wealth to pay down the deficit.
SOURCE: WASHINGTONEXAMINER
Political | Process 
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