Musk officially filed paperwork with the Federal Election Commission Sunday to establish his so-called “America Party” after he pledged to hit back against Republicans for passing President Donald Trump’s “Big Beautiful Bill,” which is projected to add $4.5 trillion to the national debt.

"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk said in the announcement.

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing the America Party in response to the president’s sweeping tax-cuts law.