Treasury Secretary Gives IRS Details on New ‘Trump Accounts’

Treasury Secretary Gives IRS Details on New ‘Trump Accounts’

Treasury Secretary Scott Bessent provided more details on the administration-backed “Trump Accounts” program that allows investments to be made for U.S. children. On Dec. 17, Bessent said parents whose children are born this year and in the coming few years will enroll in the program by selecting it on a newly created IRS form when they file their taxes. A financial institution will then automatically open and manage that account, he said. “To c…

SCOOP: Sen. Katie Britt kicks off launch of Trump Accounts alongside Secretary Bessent, Speaker Johnson, and more

Trump Accounts, a central component of the Republican Party’s reconciliation bill and implemented by Treasury Secretary Scott Bessent, offer a “historic and innovative” opportunity for Americans, Sen. Katie Britt (R., Ala.) told the Washington Reporter.Trump accounts create an “opportunity for our nation to invest in the next generation, furthering the president’s and the Republican Party’s longstanding commitment to being the party of hardworki…