Billionaire Elon Musk made a broadly debunked declare that a “large amount” of tax greenbacks are “going to legacy media companies” at CPAC on Thursday.

Musk was once joined by means of Newsmax TV host Rob Schmitt on stage at CPAC where they pointed out Musk’s determination to buy X, formerly Twitter, for “more than it used to be almost certainly worth.”

The DOGE leader also claimed that “massive amount of your tax dollars is going to legacy media corporations.” This claim originates from President Donald Trump when he stated on Actuality Social that billions of taxpayer greenbacks had “been stolen at USAID, and different companies” and given “to the fake information media” for favorable protection for Democrats.

If truth be told, in keeping with a truth check by means of CBS News, “government businesses at the same time spent more than $8 million mixed in payments for Politico subscriptions and products in 2024. This includes $24,000 spent by using the U.S. Company for International Construction, or USAID, on subscriptions.”

Executive employees had been offered paywalled content that included unique reporting from different outlets including The New York Occasions and The Wall Side road Journal. Regardless, Musk reiterated the debunked claim throughout the CPAC interview.

MUSK: An immense quantity of your tax bucks is going to legacy media companies.

SCHMITT: Yes.

MUSK: And straight away from the federal government.

SCHMITT: The federal government wants to take over media.

MUSK: Yeah. It’s horrible. Yeah.

SCHMITT: That’s why we now have X. Yeah. And that’s — that’s why you spent $forty four billion. I imply, that’s a lot of money. I mean, more than it used to be almost definitely price. But there used to be a message.

MUSK: Freedom is valuable.

SCHMITT: Worthwhile…most likely one of the most important investments this country has ever seen.

Musk: An enormous quantity of your tax bucks is going to legacy media companies directly from the government %twitter.com/951Bzlt9WK

— Acyn (@Acyn) February 20, 2025

The put up Musk Repeats Baseless Claim ‘Huge Amount’ of Tax Greenbacks Is ‘Going to Legacy Media Firms’ first seemed on Mediaite.