Voters Wary of Government Ownership in Companies as Trump Administration Takes Equity Stakes
A new CNBC All-America Economic Survey reveals that 49% of U.S. voters believe it is inappropriate for the federal government to take ownership stakes in U.S.-based companies, compared to only 19% who support the practice. The Trump administration has negotiated approximately 30 deals worth nearly $27 billion, including a 10% stake in chipmaker Intel that has grown 372% to $42 billion. The administration is also in talks with OpenAI about a potential stake. While Commerce Secretary Howard Lutnick defends the practice as benefiting taxpayers, Senate Republicans like John Hoeven and Jon Husted have expressed caution. Husted is sponsoring legislation to limit government stakes to eight years for national security reasons. Critics argue government-managed companies become less competitive long-term, citing the U.S. steel industry as an example. The poll surveyed 1,000 registered voters with a 3.1% margin of error.
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