WHITE: The Trump coalition is beginning to fracture, and in a lot of ways, there is historical precedent for this. Trump and Grover Cleveland have a lot in common besides serving non-contiguous terms as president.

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."