President Donald Trump announced a plan to give \$1,000 investment accounts—called “Trump accounts”—to every U.S. child born between January 1, 2025, and December 31,2028.
“The federal government will make a one-time contribution… that will track the overall stock market,” Trump said. These tax-deferred accounts will be managed by guardians, with optional yearly contributions up to \$5,000.
He called it a “pro-family initiative that will help millions… lift up the next generation.” House Speaker Mike Johnson praised it as “a bold, transformative policy.”
However, the plan depends on the passage of Trump’s “big, beautiful bill,” which narrowly passed the House but still awaits Senate approval.
The bill includes tax breaks—like no taxes on tips, overtime, and U.S.-made auto loan interest—as well as new fees, like a \$200 tax on gun silencers. It also boosts the child tax credit by \$500 through 2028.
To offset costs, it proposes major cuts to Medicaid and SNAP, tighter eligibility checks, and bans on funding for gender change treatments. The Congressional Budget Office warns these cuts could leave 8.6 million more people uninsured, even as they may save the government \$1 trillion.
