"I actually though that when this 'big, beautiful bill' came along, and I mean, like 'everything [Musk]'s done on DOGE gets wiped out in the first year," Pogue said.

"I think a bill can be big, it can be beautiful, but I don't know if it could be both," Musk quipped.

According to the Congressional Budget Office's estimate, the One Big Beautiful Bill Act would increase the federal deficit by approximately $3.,8 trillion over a 10-year period. Much of that increase in the deficit comes from extending Trump's 2017 tax cuts for the wealthiest Americans by another decade. Republicans have proposed paying for the tax cuts by cutting Medicaid and Medicare by hundreds of billions of dollars, though because the tax cuts are so costly, any deficit reduction made by those cuts is minimal.

One of the most outspoken opponents of the bill among the Senate Republican Conference is Sen. Ron Johnson (R-Wisc.), who has repeatedly harped on the legislation's sky-high price tag. In addition to Johnson, Sens. Josh Hawley (R-Mo.) and Rand Paul (R-Ky.) have also indicated their plans to oppose it.