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Shelley Moore Capito: Big Beautiful Bill Creates 'A Savings Account For Every Child Born' In U.S.
Forbes Breaking News
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6/27/2025
At Tuesday's Senate Republican leadership press briefing, Sen. Shelley Moore Capito (R-WV) promoted the Big Beautiful Bill.
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00:00
I really do think this will be an historic week because of what's going to
00:07
happen with the American family whether it's keeping taxes low as we did in 2017
00:12
keeping those whether it's the child tax credit making it permanent which will
00:17
give families a lot of reassurance as they move into the paying their taxes
00:22
it also we also create a savings account for every child born in this country now
00:28
we talk about you know some of our let's say Social Security that's supposed to
00:33
be in 2023 or 2033 have have some difficulty a lot of difficulties what if
00:39
we start saving we have that savings account beginning the day you're born
00:42
that's going to be a really I think wonderful for families all across the
00:47
country helps with adoptions this is a family bill this is a family bill from
00:52
beginning to end the small business tax credits that are in here are going to be
00:57
made permanent Secretary Besant believes he said this to us today as I believe
01:02
that this will be the biggest growth portion of the bill that will lead to a
01:07
lot of capital expenditures more people working at higher wages one other aspect
01:12
of the bill of course is the border security bill part this is very important
01:16
I was privileged on Monday to host Secretary Kristi Noem to come to Harpers
01:21
Ferry West Virginia where we have the advanced training center for our border
01:25
patrol agents where we train over 16,000 a year to meet the challenges on our
01:31
southern and our northern borders and she talked a lot about the progress that the
01:38
president has made in terms of border security but without this bill that
01:42
progress would be stopped in its tracks we need to move forward with border
01:47
security to make sure that the we're safer but also those agents that we're
01:52
training and the advanced training they're receiving in Harpers Ferry West
01:55
Virginia at the Advanced Training Center makes their job safe and the
02:01
service they're doing for this country much appreciated thanks
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