Trump announces $1,000 government-funded accounts for American babies

[groundloop]

Source: The Guardian

Donald Trump unveiled a federal program Monday providing $1,000 government-funded investment accounts for American babies, getting big time backing from top business leaders who plan to contribute billions more to an initiative tied to “the big beautiful bill”.

At a White House roundtable with over a dozen CEOs, including from Uber, Goldman Sachs and Dell Technologies, Trump relayed the details of “Trump accounts” – tax-deferred investment accounts tracking stock market performance for children born between 2025 and 2029.

“For every US 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,” Trump said.

The accounts will be controlled by guardians and allow additional private contributions up to $5,000 annually. Trump called it “a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation”.

Read more: https://www.theguardian.com/us-news/2025/jun/09/trump-funded-accounts-babies

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This is small potatoes compared to the billionaire tax breaks.

[ananda]

1. Track the overall stock market?

There's something fishy about this.

[Nonnia Bisnez]

2. Index fund

[SheltieLover]

3. Crypto no doubt.

[ananda]

5. You read my mind.

What are people to them... just puppets
to put on a money string and launder it
back into their own pockets.

[SheltieLover]

7. Right! And wtf are people supposed to do with $1k?

But 6 mos of diapers?

Insulting, imo.

[ananda]

17. I know, right?

I guess they could buy a couple of shares of Depends....

[SheltieLover]

32. Lol

Just another scam.

[DENVERPOPS]

14. It is nothing less

than a huge tax payer gift to the future title of our country........... The United Corporations of America

[Deuxcents]

4. If anyone thinks this is a good thing, they have no business procreating. But..there will be those who think

This is a good investment opportunity, I’m sure. I won’t be around to see what happens when these accounts mature, but I’m pretty sure this will end like all his other hare brained ideas.

[SheltieLover]

8. No doubt an epic fail. Everything he touches dies.

[DENVERPOPS]

15. LOL

Just like the Republicans trying to get their greedy mitts on Social Security Funds and Medicare Funds, future Republicans will immediately start trying to figure out away to get their hands on the incredible amount of money that is collected in the next twenty years using this scam.....

[Raven123]

6. I didn't think the Executive Branch had that authority

[SheltieLover]

9. Everything he is doing is illegal!

[Martin68]

10. Smoke and mirrors, pure performative Bullshit.

[jls4561]

11. Take the money because why not and send all products before potty training to:

1100 South Ocean Blvd.
Palm Beach, FL. 33480

[3catwoman3]

12. Whoop-de-shit!

That’s not even a drop in the bucket.° 🪣 💧

[jls4561]

13. Take the money -why not? But send all products of the child's potty training to:

1100 South Ocean Blvd.
Palm Beach, FL. 33480

To show your appreciation.

[Yo_Mama_Been_Loggin]

16. They were originally proposing $5000

You don't go backwards on a negotiation. 😒

[Buddyzbuddy]

18. Forget about those already here. Let'em starve.

[Buddyzbuddy]

19. Will he be looking to put the girls on his lap when they turn 14,

or walk into their dressing rooms at one of his pageants.

You know they let you do things to them, when your famous.

More

[patphil]

20. That's not much at all when you consider the cost of medical care from conception to birth.

https://www.forbes.com/advisor/health-insurance/how-much-does-it-cost-to-have-a-baby/

$1,000. doesn't come close to covering the out of pocket expenses for those women who have insurance, even if it's a non-eventful, normal pregnancy.
Without health care, a situation that many more women will soon find themselves in if that "big ugly bill" gets passed, it's closer to $20,000.

From birth to age 18 it's a whole lot more expensive.

https://www.lendingtree.com/debt-consolidation/raising-a-child-study/

So, the $1,000. is insignificant. It's a sucker deal.

[Karasu]

21. $1k?! What a fucking joke. That isn't NEARLY enough to justify bringing new life into a rapidly collapsing country

succumbing to fascism and Social Darwinist "health care" governed by anti-science policies. You'd have me to give me seven figures a year for the rest of my fucking life to even consider it.

[0rganism]

22. "...private contributions up to $5000 annually..."

Hmm, how rich do you need to be to stash $5k in tax-deferred accounts every year? Pretty obvious who's getting the bigger benefits from this account.

[IronLionZion]

23. Anyone motivated by $1000 to have a baby

should not be reproducing and has likely not thought about how much a child is going to cost them.

[RedWhiteBlueIsRacist]

24. LOL. "I will be renaming all the babies, Trumplings."--TACO

[sheshe2]

25. American babies?

Translation: White babies, no other color need apply.

[MichMan]

26. How can Democrats stop this?

[Doodley]

27. On the bright side, it is planned to end before 2029, so maybe he won't be a three-term dictator.

[sakabatou]

28. One thousand dollars?

Who is he trying to bribe?

[Retrograde]

29. Step 1 in abolishing Social Security?

Just who are these guardians? Who is going to make the "private contributions"? Seems to me like another way to say, sorry, kids - you should have been born into better families (or at least wealthier ones)

[lapfog_1]

34. iv this is even true... it will be the first and LAST step

to eliminating SS

[BidenRocks]

30. There has to be a disclaimer

(Very small print) Offer valid for white babies only!

[HeartsCanHope]

31. Does tax deferred mean what I think it means? That like IRAs you have to pay tax when the money is withdrawn?

What's the difference between this and just putting this savings bonds? or a College Savings Account? Savings bonds and Savings Accounts are guaranteed, I wouldn't trust Trump! That's how we paid for our son's university degree, with Savings Bonds. He came out ahead-- with money left over. You can put up to $5000 in the Trump account yearly, but YOU put the money in, not Trump, is that right? Another way for him to grift? No thanks, DonOld!

[love_katz]

33. To paraphrase the author Anne Cameron:

$1,000.00 dollars "is the square root of sweet bugger nothing " when it comes to the full costs of bearing and raising a child.
And, that goes double, with brass knobs on it, if the pregnancy in any way experiences problems.

[yardwork]

35. They're trying to get rid of social security and replace it with this.