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'Our Babies Deserve Better': Ayanna Pressley Slams MAGA Baby Savings Account
Forbes Breaking News
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5/20/2025
In House floor remarks on Monday night, Rep. Ayanna Pressley (D-MA) slammed the proposed "MAGA Baby Savings Accounts."
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00:01
Mr. Speaker, I rise in support of investing in every child's future.
00:06
Six years ago, I joined Senator Booker to introduce baby bonds legislation to disrupt
00:10
the cycle of intergenerational poverty, close the racial wealth gap, and ensure every 18-year-old
00:15
has the financial opportunity to go to college, to buy a home, or to start a business.
00:20
Now, Republicans are stealing a good idea and twisting it.
00:23
The so-called MAGA accounts and their reconciliation bill are intentionally designed to help the
00:28
rich get richer.
00:29
While poor children are left further and further behind.
00:32
Their proposal would weaponize the tax code to exacerbate wealth inequality, ignore the
00:36
expertise of economists, and penalize states and non-profits that try to help low-income
00:41
families.
00:42
In America, a child born into poverty is likely to stay there through their adult lives.
00:47
That is a policy choice, and a violent one.
00:49
Our babies deserve better.
00:51
Our babies deserve opportunity.
00:52
I urge my colleagues to reject this regressive proposal and support true baby bonds.
00:58
I yield that.
01:00
For what purpose?
01:01
Yes.
01:02
For what purpose?
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