On the heels of the Fourth of July -- and amid his feud with President Donald Trump and congressional Republicans over the president's tax policy bill -- tech billionaire Elon Musk announced plans for a brand new political party, dubbed "America Party," to represent what he called "the 80% in the middle."

"I think it'll help us," Trump said about Elon Musk's "America Party." He added that "third parties have always been good for me."

Billionaire Elon Musk indicated Tuesday that releasing files related to convicted sex trafficker Jeffrey Epstein will be a major goal for his third party. President Donald Trump and his administration confirmed Tuesday it had finished its investigation into Epstein,