MAGA influencer Steve Bannon dismissed Elon Musk's DOGE cuts as a failure because he said the billionaire had found "no fraud" in government spending.

"This Elon thing is exactly like I told you," Bannon said on his Wednesday War Room podcast. "The $9 billion [in savings], there's no fraud in there, there's no waste."

"Yeah, it's outrageous," he continued. "But this has all been identified for years. Where's the fraud? Where's the $1 trillion of fraud? Elon got the political class off the hook. That's how you get the Big Beautiful Bill."

Bannon insisted that Musk was unable to find fraud in Social Security and Medicare.

"Show me where the DOGE fraud is," he demanded. "Not $9 billion of programmatic cuts that people have identified for years... I haven't seen any fraud in Social Security... Or the Defense Department. Defense Department is a festering sore of waste, foreign, abuse."

The MAGA host also slammed President Donald Trump's "One Big Beautiful Bill" for giving tax breaks to the wealthy.

"You're going to have to raise taxes," he predicted. "The wealthy can't get an extension of the tax cut. That's got to go to the middle class and the working class."

Watch the video below from Real America's Voice or click here.