Trump wants to give BABIES $1,000

As Republicans’ massive tax and spending cut bill makes its way through the Senate, President Donald Trump on Monday touted a provision in the measure that would provide every child born in the United States with a $1,000 investment account.

Dubbed “Trump accounts,” the tax-deferred investment accounts would be set up for children born in the U.S. after Dec. 31, 2024, and before Jan. 1, 2029 — covering the majority of Trump’s second term. The accounts would, over the course of a child’s first 18 years, track the overall stock market, and parents are allowed to contribute up to $5,000 a year to the account. The accounts would be controlled by the child’s guardians or parents.

Caption from an article by: Mariana Alfaro

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