PULSE POINTS:
❓ What Happened: President Donald J. Trump unveiled “Trump Accounts,” a plan in the “one big beautiful bill” to give $1,000 to newborns’ tax-deferred stock market accounts, with support from industry leaders.
👥 Who’s Involved: President Donald J. Trump, Dell CEO Michael Dell, Goldman Sachs CEO David Solomon, and various industry leaders.
📍 Where & When: Announced at the Invest America roundtable on Monday, June 9, 2025.
💬 Key Quote: “This is a pro-family initiative that will help millions of Americans harness the strength of our economy, to lift up the next generation,” Trump said.
⚠️ Impact: The Trump Accounts align with Trump’s America First agenda, boosting family wealth and economic growth while countering leftist policies with private-sector support.
IN FULL:
President Donald J. Trump has outlined his plan for special “Trump Accounts,” included in the “one big beautiful bill” making its way through Congress. These accounts will provide American babies with $1,000 in savings, pegged to the stock market, at birth.
“For every U.S. Citizen born after December 31, 2024, before January 1, 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,” the President explained at the Invest America roundtable on Monday.
“They’ll be open for additional private contributions each year from family, friends, parents, employers, churches, private foundations, and more,” he continued, adding: “This is a pro-family initiative that will help millions of Americans harness the strength of our economy, to lift up the next generation.”
It is intended that children should be able to access their Trump Accounts at age 18 to help pay for education, training, or their first home, with the balance becoming available in full when they turn 30. The scheme received backing from several industry leaders at the roundtable, including Dell CEO Michael Dell and Goldman Sachs CEO David Solomon.
WATCH:
WATCH: @POTUS explains how the ‘Trump Accounts’ in the One Big Beautiful Bill work: “For every U.S. Citizen born after December 31, 2024, before January 1, 2029, the federal government will make a one-time contribution of $1,000 into a tax-deferred account that will track the… pic.twitter.com/Xh7BEb0DkI
— Rapid Response 47 (@RapidResponse47) June 9, 2025