Published 13 days ago • loading... • Updated 8 days ago

Trump promotes $1,000 ‘Trump Accounts’ for newborns at White House event

On June 9, 2025, President Trump announced the 'Trump savings accounts' at a White House roundtable with CEOs to fund $1,000 investment accounts for U.S.-born children from 2025 to 2028.
This proposal is part of Trump's larger tax and spending bill, passed narrowly by the House last month, currently facing Senate scrutiny due to concerns over cost and policy changes.
The accounts are tax-deferred, seeded with $1,000 from Treasury funds, track the U.S. stock market, and allow up to $5,000 annual post-tax family contributions, with access to funds phased from age 18 to 30.
The program, estimated to cost taxpayers $3.6 billion based on 3.6 million births in 2023, has drawn mixed reactions, with supporters highlighting compound growth benefits and critics citing complexity and deficit concerns.
If enacted, the initiative aims to provide working families financial growth opportunities for education, home purchases, or business startups, but its success depends on Senate approval before the July 4 deadline.

Insights by Ground AI

Does this summary seem wrong?

162 Articles

All

Left

Center

Right

Dispatch Argus

Center

'Trump Accounts' eyed for newborns

WASHINGTON — When children of wealthy families reach adulthood, they often benefit from the largesse of parents in the form of a trust fund. It's another way they get a leg up on less affluent peers, who may receive nothing…

9 days ago

Read Full Article

El Tiempo Latino

Center

Trump Launches "Trump Accounts": An Investment Program with Tax Benefits for Every Newborn in the U.S.

President Donald Trump has presented an ambitious program called "Trump Accounts" as part of his "One Big Beautiful Bill" legislative initiative. According to the original report, this proposal has already received a green light from the House of Representatives and is currently under review in the Senate. The proposal seeks to open an investment account with tax benefits for every new-born citizen in the United States between January 1, 2025 an…

10 days ago

Read Full Article

Patch

Center

How The $1,000-Per-Baby ‘Trump Accounts’ Would Affect IL Parents

How The $1,000-Per-Baby 'Trump Accounts' Would Affect IL Parents - Across Illinois, IL - See what Illinois parents need to do to take advantage of the tax-deferred investments.

11 days ago·United States

Read Full Article

PBS NewsHour

Lean Left

What experts think about the $1,000 'Trump accounts' for babies

The proposal has bipartisan backing and is generally supported by economists and other researchers, but experts say that there are ways it could be restructured that are more practical and would have a greater effect on wealth inequality.

12 days ago·Washington, United States

Read Full Article