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Sanders Files $7T AI Fund Bill With 50% Equity Tax on AI Firms

June 30, 2026 at 06:39 EDT

Policy & Regulation
Funding & M&A

Senator Bernie Sanders (I-Vt.) formally introduced the American AI Sovereign Wealth Fund Act on June 18, 2026, a bill that would levy a temporary 50% tax in equity on the revenue of large AI companies to build a public fund estimated at roughly $7 trillion. The radical proposal aims to redirect the wealth generated by AI from a handful of tech giants back to ordinary citizens through public ownership.

June 18, 2026 · Sen. Bernie Sanders (I-Vt.)

A $7 Trillion Public Stake in AI

The American AI Sovereign Wealth Fund Act would levy a temporary 50% tax — paid in equity — on the revenue of large AI companies, building a public fund to redirect AI's wealth back to ordinary citizens.

$7T

Estimated fund size at current valuations

50%

Temporary equity tax on AI revenue

$200M

Annual AI revenue threshold to qualify

Of returns paid to citizens as a dividend

The job-displacement case behind the bill

Estimated share of jobs at risk from AI & automation, by occupation

89%

Fast food
counter workers

64%

Accountants

47%

Truck drivers

Committee staff warn AI could eliminate up to 97 million US jobs over the next decade.

How the fund would work

AI firms pay 50% tax in equity

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Independent 7-member board (half public)

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Returns to citizens, health, education, housing

Supporters say

AI is built on collective human knowledge — the public should own half of it. The fund returns profits from a wealthy few and democratically controls risks like job loss and deepfakes.

Critics say

Job-loss projections rely heavily on ChatGPT and are overstated. Taxing diversified companies is complex, and the plan risks stifling AI growth — and is unlikely to pass Congress.

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