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Business News›News›International›World News›'Trump Account' for newborns: US President reveals $1,000 investments for kids in GOP megabill
'Trump Account' for newborns: US President reveals $1,000 investments for kids in GOP megabill
Donald Trump unveiled a federal program Monday providing $1,000 government-funded investment accounts for American babies, getting big time backing from top business leaders who plan to contribute billions more to an initiative tied to “the big beautiful bill”. At a White House roundtable with over a dozen CEOs, including from Uber, Goldman Sachs and Dell Technologies, Trump relayed the details of “Trump accounts” – tax-deferred investment accounts tracking stock market performance for children born between 2025 and 2029.
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