"It's well-known that Donald Trump loves to send taxpayer dollars directly to voters with packaging intended to make the bounty seem like a gift from his own self. So it's not surprising that his signature One Big Beautiful Bill Act had a provision creating something called "Trump Accounts" that would be set up for all American children born between 2025 and 2028 with a $1,000 "seed deposit" from the federal government. A nice birthday gift for these kids, right?"
"The government would make an initial deposit into an interest-bearing account on behalf of each newborn baby in the United States, while also making additional deposits throughout their childhood. Children from the lowest-wealth households would receive the largest endowment. At age 18, individuals would gain access to the funds, which could only be used to invest in wealth-generating assets, such as a home, post-secondary education, or a small business startup."
Trump Accounts would create government-funded, interest-bearing accounts with a $1,000 initial deposit for every child born between 2025 and 2028. The concept is derived from baby bonds proposed by Derrick Hamilton and William Darity in 2010, which call for initial and additional deposits with larger endowments for children from the lowest-wealth households. Funds would become accessible at age 18 and would be restricted to investments in wealth-generating assets such as home purchases, post-secondary education, or small business startups. Prior legislation based on the proposal was introduced in 2019 by Senator Cory Booker and Congresswoman Ayana Pressley. The Trump version, however, is likely to deliver bigger net gains to more advantaged children.
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