A policy group affiliated with former Vice President Mike Pence is intensifying its criticism of the White House economic policies by targeting President Donald Trump’s proposal for a sovereign wealth fund.
Advancing American Freedom Foundation warned members of Congress on Wednesday against supporting Trump’s proposed creation of a state-owned investment fund, according to a memo obtained by Bloomberg Government. The group argues the proposal would backfire under a Democratic president while also expanding the government’s role in the private sector to an “unconstitutional” degree.
The push comes after the Trump administration agreed to take an equity stake in