Trump touts $1,000 investment accounts for newborn Americans

Fortune

President Trump touted a new proposal that would create tax-deferred investment accounts—coined “Trump Accounts”—for babies born in the U.S. over the next four years, starting them each with $1,000.

Transcript

00:00Here is how the accounts work. For every U.S. citizen born after December 31st, 2024,

00:07before January 1st, 2029, the federal government will make a one-time contribution of $1,000

00:14into a tax-deferred account that will track the overall stock market. In other words,

00:20it'll be pegged to an index that will pick. These accounts will be private property controlled by

00:26the child's guardians. And in many cases, those guardians will be the parents. We think probably

00:32the parents will be the guardians. They'll be open for additional private contributions each year

00:37from family, friends, parents, employers, churches, private foundations, and more.

00:42This is a pro-family initiative that will help millions of Americans harness the strength of

00:47our economy to lift up the next generation. And they'll really be getting a big jump on life,

00:53especially if we get a little bit lucky with some of the numbers and the economies into the future.

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