President Donald Trump will hold an event Monday to promote a new policy from the One Big Beautiful Bill Act. This policy would create investment accounts with an initial $1,000 deposit for every newborn U.S. citizen.
The event will include CEOs from major companies like Dell, Uber, and Goldman Sachs. These companies plan to add money to the accounts for children of their employees, NBC News first reported.
The plan starts a pilot program for “Trump Accounts” for babies born between January 1, 2024, and January 1, 2029. The government will put $1,000 into each account. The money will be invested in a tax-deferred, low-cost index fund that tracks the stock market. The child’s guardians will manage the account.
Parents and others can add up to $5,000 a year to the account. When the child turns 18, they can use the funds for education, buying a home, or starting a business.
White House press secretary Karoline Leavitt said the bill will help middle-class families by cutting taxes, increasing the child tax credit, and creating these new accounts. She called the program a way to set young Americans on a strong financial path.
Michael Dell, CEO of Dell Technologies, praised the plan. He said these accounts will grow into significant savings to support education and home ownership. Dell Technologies will match the government’s $1,000 deposit for children of its employees. He called the plan a bold step toward an ownership society with lasting benefits for the country.
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