As the bill made its way through Congress, Musk threatened to form the “America Party” if “this insane spending bill passes.”

Billionaire Elon Musk is floating a new political party dubbed the "America Party" — but the idea could face major hurdles.

Elon Musk launched the "America Party" Saturday, calling for an end to the “uniparty" system after President Donald Trump signed the "big, beautiful bill" into law.