{"id":1381,"date":"2026-06-10T19:41:32","date_gmt":"2026-06-10T19:41:32","guid":{"rendered":"https:\/\/nextaddressamerica.com\/?p=1381"},"modified":"2026-06-10T19:41:32","modified_gmt":"2026-06-10T19:41:32","slug":"republicans-freak-out-over-trumps-socialism-push","status":"publish","type":"post","link":"https:\/\/nextaddressamerica.com\/?p=1381","title":{"rendered":"Republicans freak out over Trump’s ‘socialism push’"},"content":{"rendered":"
\n

President Donald Trump has become increasingly vocal with his suggestions that the government buy substantial stakes in artificial intelligence companies, and according to NOTUS<\/u>, a growing number of Republican lawmakers are worried about his \u201cAI socialism push.\u201d<\/p>\n

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\u201cI don\u2019t think the federal government should be in the business of being an equity holder in private companies,\u201d said Senator Ted Cruz (R-TX), who chairs the Senate Committee on Commerce, Science and Transportation. And even Senator Josh Hawley (R-MS), who has advocated for the government to become more involved with AI, has expressed his hesitancy toward Trump\u2019s idea, saying, \u201cI\u2019m not a huge fan of the government owning industry, and I think with this you\u2019d combine the worst of the big bureaucrats with the Big Tech monopolist.\u201d<\/p>\n

Such statements follow Trump\u2019s Friday announcement that the administration was exploring whether to acquire equity in large AI firms like Anthropic and OpenAI. According to NOTUS, \u201cThe idea was initially floated<\/u> to the president by OpenAI CEO Sam Altman, who suggested his firm voluntarily cede shares worth billions of dollars to the government as a way to stem public anger over the rise of AI. Trump, too, touted the idea as a response to broad public angst over the rise of AI, as polls continue to show Americans are apprehensive about the potential impact of new data centers and the new technology.\u201d The push comes as the AI giants approach their historically massive initial public offerings. <\/p>\n

\u201cThere\u2019s so much money, they\u2019re so big, where pieces could be given to the American public,\u201d said Trump to reporters. \u201cThere\u2019s something interesting about it.\u201d <\/p>\n

According to NOTUS, however, Republicans \u201chave balked at the proposal since it became public \u2014 the latest intraparty rupture over the president\u2019s proposed interventions in the economy.\u201d<\/p>\n

\u201cI don\u2019t like that idea at all. That\u2019s the reverse of privatization,\u201d said Stephen Moore, an outside adviser to the White House. \u201cThere\u2019s a lot of angst over this idea of the government taking shares in private companies. It\u2019s not the proper role for the federal government. You can\u2019t have the government taking private property.\u201d<\/p>\n

Other Republicans worry that government involvement with AI would stifle innovation, which has been a party priority ever since Trump took to the inaugural stage flanked by tech CEOs. <\/p>\n

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\u201cI still think that the private enterprise program is the best,\u201d said Senator Mike Rounds (R-SD). \u201cI\u2019d rather have open competition and not have the government favor one particular type of product because they have a stake in it versus another. I think that could cause us some problems long term.\u201d Senator Jerry Moran (R-KS) seconded these sentiments, saying, \u201cGenerally I think the private sector should remain the private sector.\u201d<\/p>\n

According to NOTUS, \u201cRepublican lawmakers were already unhappy with the president\u2019s existing moves to take equity shares in companies, including a 10% share in the chipmaker Intel. Acquiring parts of the AI companies, whose investments have lifted the U.S. economy over the last year, would represent an even bigger move in that direction.\u201d<\/p>\n

\u201cThey don\u2019t like it at all,\u201d one GOP aide said of the party\u2019s reaction, predicting near-unanimous opposition among the conference to the idea. <\/p>\n

\u201cEven if they\u2019re not vocal, Republicans think this is a bad idea,\u201d said Doug Holtz-Eakin, a former adviser to Sen. John McCain (R-AZ) and the president of the American Action Forum, a center-right think tank. \u201cIt\u2019s terrible to talk like this.\u201d<\/p>\n

Even those who have worked directly with Trump have argued against the concept. As Vance Ginn, who served as a chief economist in the White House during the president\u2019s first term, posted<\/u>, \u201cGood to see Cruz and Hawley agreeing on this bad AI socialism push by Trump.\u201d<\/p>\n

Read more Biographer exposes how Trump\u2019s bottomless ego blinds him to voter hatred<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump has become increasingly vocal with his suggestions that the government buy substantial stakes in artificial intelligence companies, and according to NOTUS, a growing number of Republican lawmakers are worried about his \u201cAI socialism push.\u201d\u201cI don\u2019t think the federal government …<\/p>\n","protected":false},"author":1,"featured_media":1380,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nRepublicans freak out over Trump's 'socialism push' - Next Address America<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextaddressamerica.com\/?p=1381\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Republicans freak out over Trump's 'socialism push' - 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