Chiseling away at President Barack Obama’s Affordable Care Act . Rolling back the green energy tax breaks from President Joe Biden’s Inflation Reduction Act . At its core, the Republican “big, beautiful bill” is more than just an extension of tax breaks approved during President Donald Trump’s first term at the White House.

Here's what to know about the feud between Donald Trump and Elon Musk over the president's "Big Beautiful Bill."

As tensions escalate between President Donald Trump and Elon Musk, the Tesla CEO warned that Trump’s "big, beautiful bill" will trigger an economic recession. It comes as the Congressional Budget Office reports that Trump's tariffs plan would reduce the deficit but shrink the economy.