Trump Accounts Launched in Oval Office Event Monday
Treasury Secretary Scott Bessent said more than 6 million children are already enrolled, and families must apply for the accounts through the Internal Revenue Service.
- On Monday, President Donald Trump celebrated the launch of Trump Accounts in the Oval Office, an investment initiative designed to boost affordability ahead of November's midterm elections.
- Established under the One Big Beautiful Bill Act signed last year, these accounts are available to children 18 and under, with $1,000 contributed for those born during President Trump's second term.
- Treasury Secretary Scott Bessent said more than 6 million children are already enrolled; however, families must apply themselves as the Treasury Department avoids auto-enrollment to protect Social Security and tax data privacy.
- "Part of Trump Accounts is to get everyone into the market," Bessent said, noting newborns can now register for an account when receiving a Social Security card at the hospital.
- "Those accounts will now begin to grow right along with our booming economy," Bessent stated, describing a vision where national strength gains reach families and communities beyond traditional boardrooms.
18 Articles
18 Articles
Trump Accounts Launch With $250 Million Micron Pledge: How to Claim Your Baby's $1,000 Government Investment
President Donald Trump said on Monday the federal government has deposited the first $1,000 (£749) into more than 500,000 Trump Accounts, and parents of eligible children born between 2025 and 2028 can now claim the money through a one-page tax form or a government website. Trump rang the opening bell from the Oval Office alongside executives from the New York Stock Exchange and Nasdaq to mark the launch on 6 July. 'We're doing something much be…
More than 6 million Americans opened a Trump Account in the first days since its launch on July 4, according to Treasury Secretary Scott Bessent. The retirement savings vehicle, created by the One Big Beautiful Bill Act, allows anyone with a Social Security number to start accumulating funds from birth.Children born between January 1, 2025 and December 31, 2028 receive an initial contribution of $1,000 from the federal government. Parents, emplo…
Springfield News-Leader
Columbia Daily TribuneMissouri parents can now open Trump Accounts for kids
Coverage Details
Bias Distribution
- 64% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
