Image: Matt Rourke/AP
On Saturday, Elon Musk declared his intent to create a new major US political party to compete with Democrats and Republicans in elections starting next year.
Driving the move: The world’s richest man said his new “America Party” is a direct response to President Trump signing his tax-and-spending megabill into law this weekend, which Musk has framed as a “disgusting abomination” that would “massively increase the already gigantic budget deficit.”
Challenging the Democratic and Republican parties on a national scale is far easier said than done. The most successful third-party run in modern US history—Ross Perot’s 1992 campaign—received just under 19% of the popular vote, and didn’t win any state contests or receive any electoral votes.
Experts attribute this to two main reasons:
Big picture: The move further deepens Musk’s break from President Trump, whom Musk supported with ~$250 million in the 2024 election and spent four months serving under as head of DOGE. Moving forward, the America Party’s initial approach will be to back candidates in just two or three Senate seats and 8-10 House districts for next year’s midterm elections—and if successful, “that would be enough to serve as the deciding vote on contentious laws” due to razor-thin margins in Congress.
📊 Flash poll: Do you think America needs a third major political party?

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