Ross Perot — a billionaire frustrated with America’s ballooning budget deficits and fed up with its two-party system — ran for president as an independent. He won 19% of the vote against the Republican incumbent (George H.

Elon Musk’s idea of launching a third political party is already hitting roadblocks—especially in New York. Despite public interest in an alternative to Democrats and Republicans, a national poll shows 77% of voters wouldn’t join a Musk-led “America Party.

Elon Musk recently launched the America Party. By learning from Ross Perot's failed third party campaign in 1992, Musk's party could succeed.

Can a third political party succeed in the US? Presidential elections are largely seen as a contest between the Democratic and Republican parties.

"The America Party is formed to give you back your freedom," Musk said, days after Trump debated deporting him.

WASHINGTON, July 5 (Reuters) - The dispute between Republican President Donald Trump and his main campaign financier Elon Musk took another fractious turn on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump's "big, beautiful" tax bill would bankrupt America.

Elon Musk launched the "America Party" Saturday, calling for an end to the “uniparty" system after President Donald Trump signed the "big, beautiful bill" into law.

LinkedIn cofounder and top Democratic donor Reid Hoffman said he's "very sympathetic" to Musk's core cause of reining in deficits.