Original Article Title: "Action Speaks Louder than Words! Musk Announces the Formation of the 'America Party,' Aims to 'Prevent US Bankruptcy,' Plans to Run for Office Next Year"

Original Article Author: Li Xiaoyin, Wall Street News

Elon Musk officially announced the formation of the 'America Party,' targeting key seats in the 2026 midterm elections. According to CCTV News, on July 5th local time, American entrepreneur Elon Musk posted on the social media platform X, stating that the 'America Party' was formed that day to restore freedom to the people.

This development comes as Musk and Trump had a fierce disagreement over the 'Big Beautification Act.' On June 30th, Musk criticized the act harshly and stated that if the act passed, the 'America Party' would be established the next day. The act was signed into effect by Trump on July 4th.

Hours before the act was signed, Musk conducted an online poll to inquire whether the 'America Party' should be formed, with approximately 1.249 million netizens participating in the vote, with 65.4% expressing support. Based on this result, Musk formally announced the establishment of the new party on July 5th.

This statement directly challenges Trump's authoritative position within the Republican Party and also signifies the complete rupture of the political alliance between the two. Musk also hinted to netizens that the 'America Party' would participate in the 2026 midterm elections, providing a time window for fundraising, organizational structure, and candidate selection.

According to the Federal Election Commission regulations, a new political party does not need to formally register with the Federal Election Commission unless its fundraising or expenditures exceed a specific threshold. Analysis indicates that with Musk's financial resources, funding will not be a limiting factor. Some netizens speculate that the political agenda of the 'America Party' may include reducing debt spending, promoting AI technology development, and fully relaxing regulations, to which Musk responded, "Correct!"

Plan to Leverage Minority Key Seats to Influence Congressional Decision-Making

Wall Street News previously mentioned that on the 4th, Musk revealed during the initiation of a netizen poll that the 'America Party' would initially focus on 2-3 Senate seats and 8-10 House districts, attempting to become a decisive force in Congress through these key seats.

This strategy is fundamentally different from traditional party attempts to win the majority of seats. Musk is targeting becoming the 'critical minority' in Congress and aims to influence policy-making by playing a decisive role in crucial votes.

Elon Musk pointed out that in the current evenly divided Congress, this precise strategy is enough to influence major legislation, ensuring it represents the "true will of the people."

The Financial Conflict with Trump: The Catalyst for Musk's Turnaround

The background of Musk's announcement to establish a new political party is his fierce clash with Trump over fiscal policy. Musk openly criticized the recent $3.3 trillion spending bill signed by Trump, calling it the "Big and Beautiful Bill," stating that the bill would worsen the US debt crisis and threatening to fund primary challengers to any members of Congress who support the bill.

Previously, Musk had pushed for a $190 billion government spending cut through the DOGE Department, but according to analysis by a third-party non-profit organization, his actions may have also led to a $135 billion loss for taxpayers.

Trump, on the other hand, showed no weakness, openly warning Musk that opposing his agenda would come at a personal cost. He posted on his own social media platform, Truth Social, suggesting that Musk may close his company and return to South Africa without government subsidies, even mentioning that "Doge may be reutilized on Musk" as retaliation. Trump also told the media that DOGE could be a "monster that must go back to devour Musk."

This re-enactment of the "T-Musk" drama highlights the sharp turn in the relationship between the two from cooperation to confrontation, and it also serves as a direct catalyst for the establishment of the "American Party."

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