Core Idea - Texas Lt. Gov. Dan Patrick proposed a program to invest $1,000 in the stock market for every baby born in Texas, inspired by a federal initiative from President Trump [1][5]. Group 1: Program Details - The proposed program, named the "New Little Texan Savings Fund," aims to create investment accounts for newborns, with a total cost of approximately $400 million per year, which is less than 1% of Texas' current two-year budget [2][5]. - Each Texas newborn would receive a total of $2,000 when combined with the federal initiative and additional contributions from families, with parents allowed to contribute up to $2,500 annually in pretax income [9][10]. Group 2: Political Support and Criticism - Sen. Ted Cruz praised Patrick's proposal, emphasizing that it would foster a new generation of capitalists and allow various contributors to invest in children's accounts [10][11]. - Critics, including the Texas Policy Research nonprofit, opposed the plan, arguing it expands government spending and undermines personal responsibility and free enterprise [14][15].