‘Trump Accounts’ Could Be Better. Here’s How.

‘Trump Accounts’ Could Be Better. Here’s How.

If the federal government really wanted to make saving more accessible for taxpayers, it would swap the proposal for Trump Accounts to replace the complicated mess of savings accounts currently available with universal savings accounts.

Tax Foundation: Trump Accounts Would Add Complexity to a Crowded System

“Trump Accounts,” a provision in the House version of the “One, Big, Beautiful Bill” spending plan, are intended to help families save for their children’s futures — but they would increase the complexity of an already overburdened savings system while offering few advantages, according to an analysis by the Tax Foundation. Under the Trump Accounts proposal, the government would make a $1,000 deposit to certain children born from 2025 through 20…