Trump Accounts plan would give every newborn US citizen $1,000 investment

President Donald Trump is planning to host an event in the White House on Monday to clarify a policy in the one beautiful bill law that would create investment accounts classified for $ 1,000 for all new American citizens.

This event is expected to attend the executives of many companies who are planning to contribute to accounts on behalf of their employees, including Dell, Uber and Goldman Sachs. The event was first reported by NBC News.

This ruling will launch a pilot program to create the so -called “Trump accounts” for children born between January 1, 2024 and January 1, 2029, which will be an investor of $ 1,000 from the federal government. The investment will go to a low -cost tax indicator fund that tracks the total stock market, which will be controlled by parents.

Additional contributions can be made up to $ 5,000 a year for the account throughout the child’s life. Beginning at the age of 18, the beneficiary of the account will be able to use it to pay for their education, home purchases, or expenses related to the start of a business.

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“The approval of the only beautiful draft law will literally change the life of the middle class work throughout America by providing the largest tax discounts in history, increasing tax credit for children, and by creating the amazing new Trump account program, which will put the lives of American youth on the right financial path!” White House press secretary Caroline Levitte said in a statement.

“The creation of investment accounts for every child will double with a large nest egg that provides support for education, home ownership and families’ start,” Michael Del, CEO of Dell Technologies.

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He added: “Dell Technologies will be proud of the dollar against the dollar with the government’s investment in these accounts for all children born to the members of the Dell team. This bold transfer to a royal association will be for all listed in the reconciliation bill that enjoys deep and long -term advantages to the country.”