Trump Accounts for Children

The House debated Trump Accounts, savings accounts for children created under the Working Families Tax Cut Act. Supporters, speaking for House Republicans, described the accounts as a new tax-deferred way for families to invest in their children, with families able to contribute up to $5,000 a year, a $1,000 government contribution for babies born from 2025 to 2028, and funds available at age 18 for college, a home, or a business. One member’s remarks also credited President Trump with actions on national security and Ukraine. No opposing points appear in the sampled statements.Written by AI from the debate. Updated .

Official text (opens in a new tab)

1 statement

Joe Wilson, SC

Republican

Linked statement

“Republicans created new savings accounts for children. Families can put in up to $5,000 a year, and the government will give $1,000 to babies born from 2025 to 2028. At 18, they can spend it on college, a home, or a business. Also, Donald Trump is keeping us safe, standing up to Vladimir Putin, and helping Ukraine win.”
Official Congressional Record

Mr. Speaker, led by President Donald Trump, Speaker Mike Johnson, and House Republicans, the Working Families Tax Cut Act created Trump Accounts, giving families the opportunity to invest in the future of their children. The account is a new tax-deferred opportunity for children under 18, providing retirement savings. Contributions can add up to $5,000 a year. Additional support is provided by leading companies and generous philanthropists. Children born between 2025 and 2028 will be eligible for a one-time, $1,000 Federal Government deposit. Once the child turns 18, they can use the money for expenses such as education, first home purchases, starting a business, or other use. Mr. Speaker, in conclusion, God bless our troops. Trump is reinstituting peace through strength, revealing war criminal Putin lies, insulting Trump, mocking Trump, providing targeting intelligence to Iran to murder American troops, and leading President Trump to endorse the Lindsey Graham sanctions act to enable victory for Ukrainians.

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