Trump accounts plan will give every newborn US citizen $ 1,000 investment

president Donald Trump It hosts an event at the White House on Monday describing a policy in the law of one beautiful bill that will create investment accounts classified at $ 1,000 for all new American citizens.

This event is expected to attend the executives of many companies who are planning to contribute to accounts on behalf of their employees, including Dell, Uber and Goldman Sachs. The event was reported for the first time before NBC News.

This ruling will launch a pilot program to create the so -called “Trump accounts” for children born between January 1, 2024 and January 1, 2029, which will be an investor of $ 1,000 from the federal government. The investment will go to a low -cost tax indicator fund that tracks the total stock market, which will be controlled by parents.

Additional contributions can be made up to $ 5,000 a year for the account throughout the child’s life. Beginning at the age of 18, the beneficiary of the account will be able to use it to pay for their education, home purchases, or expenses related to the start of a business.

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“The approval of the only beautiful draft law will literally change the life of the middle class work throughout America by providing the largest tax discounts in history, increasing tax credit for children, and by creating the amazing new Trump account program, which will put the lives of American youth on the right financial path!” White House Journalist Caroline Levitte said in a statement.

“Create from Investment accounts For every child, he will double with a large nest egg that provides support for education, home ownership and families’ start.

He added: “Dell Technologies will be proud of the dollar against the dollar with the government’s investment in these accounts for all children born to the members of the Dell team. This bold transfer to a royal association will be for all listed in the reconciliation bill that enjoys deep and long -term advantages to the country.”

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“Every American child will raise every society by granting them a special ownership for an investment account with $ 1,000 of birth,” Brad Gardner, founder of Invest America, said in a statement.

“With only $ 750 of additional savings annually from family, employers, church, or charitable work, the value of these accounts is $ 50,000 at the age of 18,” said Gistner. “Change in the game for every family in America – especially those families often get out of the budget of America.”

The “Trump accounts” item was included in the White House in the version that was passed to the house from the one beautiful bill in the end of last month.

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The draft law is currently under study in the Senate, which is expected to take its copy of the bill in the next few weeks. If the Senate succeeds in a revised version of the draft law, the House of Representatives will have to vote on the bill again to reach the president’s office and sign the law.