Trump to Cut $1,000 Checks for Everyone
Trump Unveils “Trump Accounts”
President Donald Trump introduced a groundbreaking financial program,
“Trump Accounts,” designed to give American newborns government-funded investment accounts.
“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.
Families can add up to $5,000 annually.
Building Generational Wealth
Accounts remain under guardian control and could grow substantially through stock market returns.
With consistent contributions, a child’s account could reach around $185,000 by age 18.
The tax-deferred structure further boosts potential long-term gains.
Legislative Scope and Controversy
Part of the broader “big, beautiful bill,” the program includes tax cuts, child tax credit increases, and automotive deductions.
Critics cite potential Medicaid and SNAP cuts, while supporters argue it prioritizes long-term wealth creation.
Potential Impact
Trump accounts aim to transform family financial planning, promoting economic mobility through market-based wealth building while sparking debate over government’s role in economic policy.
