Every newborn in America will become the owner of their very own Trump account. The latest tax legislation passed by Congress and signed into law creates new tax advantaged investment accounts for every child born from the beginning of 2025 through the end of 2028. Joining me now is Daniel Bun, CEO and president of the Tax Foundation.Daniel, welcome um and and help explain to us what these Trump accounts are and how they're going to work. Thank you so much for having me. These new accounts are designed for ...

Every newborn in America will become the owner of their very own Trump account. The latest tax legislation passed by Congress and signed into law creates new tax advantaged investment accounts for every child born from the beginning of 2025 through the end of 2028. These new accounts are designed for children and designed to provide some savings vehicle for families that are interested in creating savings accounts for their children.the $1,000 contribution from the government. That's for eligible newborns, ...

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Every US citizen born after December 31st, 2024 before January 1st, 2029, the federal government will make a one-time contribution of $1,000 into a tax deferred account that will track the overall stock market. In other words, it'll be pegged to an index that we'll pick. This is a pro-f family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation and they'll really be getting a big jump on. ...