Sanders to Unveil 50% AI Stock Tax Bill for Sovereign Fund as Trump Weighs Stakes
Updated
Updated · POLITICO · Jun 8
Sanders to Unveil 50% AI Stock Tax Bill for Sovereign Fund as Trump Weighs Stakes
3 articles · Updated · POLITICO · Jun 8
Summary
Sanders said Monday he will introduce a sovereign wealth fund bill within one or two weeks, built around a one-time 50% tax on stock of top AI companies.
The plan would give the government voting shares and equal board representation at those companies, letting it block decisions Sanders says could harm citizens and steer AI profits to Americans.
OpenAI has advanced a similar redistribution idea since April, and CEO Sam Altman met Sanders last week as the company sought to spark a broader Washington debate.
Trump is separately floating government equity stakes in AI leaders such as OpenAI and Anthropic, a move critics say could expose taxpayers to losses and deepen federal influence over the industry.
The competing proposals highlight a widening Silicon Valley split between backing specific AI winners and investing instead in broader infrastructure that supports the whole sector.