US EditionLt. Gov. Dan Patrick Proposes Giving Texas Newborns $1,000 Each
The New Little Texan Savings Fund would invest $1,000 per newborn in the stock market, costing Texas about $400 million annually, with access at age 18.
- Texas Lieutenant Governor Dan Patrick proposed giving every newborn Texan $1,000 invested in the S&P 500, in addition to a federal $1,000 investment program known as 'Trump Accounts.'
- If approved, the 'New Little Texan Savings Fund' would be the first state-level automatic investment added to the national Trump Accounts program, potentially doubling funds available to Texas children.
- The proposed program would require a constitutional amendment, two-thirds legislative support, and voter approval, costing Texas around $400 million per year, according to Patrick.
34 Articles
34 Articles
Texas Lt. Gov. Dan Patrick proposes giving each newborn $1K invested in stock market
Texas Lt. Gov. Dan Patrick, a Republican, proposed a state program to give every baby born in the Lone Star State $1,000 invested in the stock market, an idea he said was inspired by a federal plan created as part of President Donald Trump’s spending bill earlier this year."If I see a great idea from the President that helps Texans, my first question is always, 'why not do it in Texas, too?'" Patrick wrote Wednesday on X. "A baby is born about e…
Associated Press News
Lt. Gov. Dan Patrick proposes giving Texas newborns $1,000 each; critics oppose increased spending
Lt. Gov. Dan Patrick on Wednesday proposed a state program to give every baby born in Texas $1,000 invested in the stock market, modeling the idea off a federal plan created as part of President Donald Trump’s tax and spending legislation.
Lt. Gov. Dan Patrick Proposes Giving Texas Newborns $1,000 Each; Critics Oppose Increased Spending
Lt. Gov. Dan Patrick on Wednesday proposed a state program to give every baby born in Texas $1,000 invested in the stock market, modeling the idea off a federal plan created as part of President Donald Trump’s tax and spending legislation.
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