US Edition
Trump promotes $1,000 ‘Trump Accounts’ for newborns at White House event
- President Trump announced the 'Trump Account' program at a White House roundtable on Monday, offering $1,000 investments to newborn Americans from 2025 to 2028.
- The program forms part of Trump's 'Big Beautiful Bill,' which passed the House last month and now faces Senate approval amid concerns about the national debt and Medicaid changes.
- The accounts are tax-deferred, seeded with $1,000 from the Treasury Department, invest in index funds, and allow withdrawals starting at age 18 for education, home purchases, or starting a business.
- CEOs from Uber, Goldman Sachs, Dell, and Robinhood took part in the event, with Robinhood CEO Vlad Tenev describing their current application as a real-world demonstration of how the Invest America initiative might function.
- If enacted, the program would cost about $3.6 billion initially and aims to provide a financial foundation for millions, though some senators and experts remain divided on its fiscal impact.
127 Articles
127 Articles
"Trump Accounts" Offer $1,000 For Babies Amid Massive Social Spending Cuts
Guido Mieth/DigitalVision/Getty ImagesDonald Trump’s “One Big Beautiful Bill” (OBBB), which has narrowly passed in the House and now moves into the Senate, contains a multitude of cuts to social programs that will negatively affect millions of families to the tune of billions of dollars. But one provision, so-called “Trump Accounts” seeks to help families start saving from birth. “This is a pro-family initiative that will help millions of Americ…
Trump Unveils "Trump Accounts" For Newborn Americans: $1,000 Investment At Birth To Fuel Future Prosperity - Worthy Christian News
by Worthy News Washington D.C. Bureau Staff WASHINGTON, D.C. (Worthy News) – President Donald J. Trump announced a bold new initiative Monday aimed at giving every newborn American a financial head start: the creation of special “Trump Accounts” as part of the sweeping “One Big Beautiful Bill” currently moving through Congress. The proposed policy would provide every U.S. citizen born between January 1, 2025, and December 31, 2028, with a govern…
The U.S. president defended his "Trump accounts" project this Monday in front of several big bosses. The idea, included in the large budget text voted by the House, is to pay $1,000 to all the children who will be born during his term of office. Several bosses, including those of Uber and Goldman Sachs, have shown themselves ready to invest. - "A bold policy": Trump wants to give $1,000 to every child born during his term of office (Internationa…
Coverage Details
Bias Distribution
- 52% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
