President Donald J. Trump, alongside business leaders and lawmakers, announced the introduction of "Trump Accounts," a component of the One Big Beautiful Bill aimed at creating tax-deferred investment accounts for newborn American children. These accounts will be initiated with a $1,000 government contribution and managed as private property by the child's guardian. Additional private contributions up to $5,000 annually are permitted.
The initiative is designed to enable children to benefit from compounded growth, potentially setting them on a path to financial prosperity. Dell CEO Michael Dell commented on the impact of these accounts: “We see … the establishment of these Trump Accounts as a simple yet powerful way to transform lives.”
Goldman Sachs CEO David Solomon highlighted the initiative's potential benefits: “This initiative gets at the core of binding those future generations to the benefits and the potential of America’s great companies and markets.” Uber CEO Dara Khosrowshahi described it as more than just an account but a "launchpad" for children's futures.
Brad Gerstner, CEO of Altimeter Capital, emphasized its alignment with free market benefits: “This is aligning every child in America with the upside of free markets and the benefits." Speaker Mike Johnson noted that Trump Accounts apply early investment principles from birth: “It’s a bold, transformative policy that gives every eligible American child a financial head start from day one.”
House Ways & Means Committee Chair Jason Smith described these accounts as transformative for new parents: “The Trump investment accounts will be a game-changer for new parents even before their newborn baby can walk or talk.”
In conjunction with other economic measures like historic tax cuts and increased child tax credits, this bill aims to improve middle-class family lives across America.
