Musk described his new party on his platform X as tech-centric, budget-conscious, pro-energy and centrist, with the goal of drawing both disaffected Democrats and Republicans. Musk has criticized the tax-cut bill, which is forecast to add about $3.4 trillion to the United States' debt.

Musk asked his 221.7 million X followers to vote in a poll deciding whether he should form the new “America Party” on Friday. The tech mogul first threatened to form a party earlier this week if Congress passed Trump’s sweeping tax and spending legislation, which he calls the “Big, Beautiful Bill.”