President Donald Trump is gearing up to host a roundtable at the White House to promote a significant aspect of the Republican domestic policy bill—an initiative that would grant every American newborn a $1,000 investment account. Dubbed as “Trump Accounts,” these accounts would be set up for all newborn US citizen children under a pilot program incorporated in the House-passed legislation. The government’s $1,000 contribution to each account will be invested in an index fund linked to the stock market and managed by the child’s legal guardians. Additionally, guardians or other private entities can contribute up to an extra $5,000 annually towards the child’s account. White House press secretary Karoline Leavitt highlights that this move, alongside the broader tax cuts and child tax credit increase, will significantly impact working and middle-class families by setting young Americans on a favorable financial trajectory.
The upcoming event at the White House will see prominent executives from companies like Dell, Uber, Salesforce, and Goldman Sachs pledging substantial investments into Trump Accounts for their employees’ children. Dell Technologies CEO Micheal Dell expressed support for the initiative, announcing that Dell will match the government’s initial investment for all children born to Dell team members. This roundtable is part of the Trump administration’s efforts to secure Senate approval for the president’s domestic policy package before the Fourth of July. NBC News was the first to report on this development.
