Billionaire tech mogul Elon Musk spent July 4 publicly plotting a strategy for his proposed “America Party” to gain control of the balance of power in Washington following next year’s midterm elections.

The timing was no coincidence. On July 3, Congress passed President Donald Trump’s signature legislation, the so-called “One Big Beautiful Bill,” a sweeping package that includes massive spending cuts, the end of clean energy subsidies, and controversial changes to social safety net programs. Trump is expected to sign the bill on July 4.

Elon Musk vowed to launch “America Party” if President Trump’s tax and spending bill passed Congress. Now that the bill has cleared its final hurdle and is heading to Trump’s desk for signature, it remains to be seen whether Musk will keep his promise.