Hello and thank you for being a DL contributor. We are changing the login scheme for contributors for simpler login and to better support using multiple devices. Please click here to update your account with a username and password.

Hello. Some features on this site require registration. Please click here to register for free.

Hello and thank you for registering. Please complete the process by verifying your email address. If you can't find the email you can resend it here.

Hello. Some features on this site require a subscription. Please click here to get full access and no ads for $1.99 or less per month.

Trump to promote $1,000 ‘Trump Accounts’ for newborns at White House event

Trump is set to host a roundtable at the White House on Monday to promote a key feature of the sweeping Republican domestic policy bill – a provision that would provide every American newborn with a $1,000 investment account, a White House official told CNN.

The accounts, which the administration has dubbed “Trump Accounts,” would be established for all newborn US citizen children under a pilot program included in the House-passed legislation.

The government’s $1,000 contribution would be placed in an index fund tied to the overall stock market and managed by the child’s legal guardians. The accounts will start at $1,000 per child and guardians or other private entities can contribute up to $5,000 additional dollars every year throughout the child’s life.

Offsite Link
by Anonymousreply 24June 10, 2025 3:36 PM

“The creation of investment accounts for every child will compound into substantial nest eggs providing support for education, home ownership, and starting families. Dell Technologies will proudly match dollar for dollar the government’s seed investment into these accounts for all the children born to Dell team members. This bold move to an ownership society for all included in the Reconciliation Bill will have profound and far-reaching benefits for the country,” said Dell Technologies CEO Micheal Dell, who will attend the roundtable Monday.

by Anonymousreply 1June 10, 2025 12:01 AM

To be later raided by DOGE.

by Anonymousreply 2June 10, 2025 12:37 AM

Absolutely no room for fraud or abuse in this half-baked proposal. No siree, Bob.

by Anonymousreply 3June 10, 2025 12:46 AM

What per cent caucasian must the kid be?

by Anonymousreply 4June 10, 2025 12:55 AM

Dictator Donnie wants the unwashed to procreate. I love the part where it says the index fund will be managed by the child’s legal guardians. There are parents in this country who sell their children to pedos for crack. What is wrong with guy? I mean seriously.

by Anonymousreply 5June 10, 2025 1:03 AM

NO NO NO NO NO NO NO NO NO NO.

by Anonymousreply 6June 10, 2025 1:04 AM

How far would $1,000 go for a new parent? A month of child care if they can find a super cheap provider?

by Anonymousreply 7June 10, 2025 1:05 AM

Fank you, Pwesident Twump, but mommy gave my Twump Account money to her dealer.

by Anonymousreply 8June 10, 2025 1:20 AM

Another Trump failure.

by Anonymousreply 9June 10, 2025 1:22 AM

I don't understand. So when do the parents get to use the money? If the parent(s) can take the money out of the account at any time then this vehicle doesn't benefit poor people.

by Anonymousreply 10June 10, 2025 2:08 AM

What an administrative mess. At best, it would grow to four or five thousand by the time the kid is an adult. Most of the value will be eroded by Trump’s pro-inflation policies.

by Anonymousreply 11June 10, 2025 2:26 AM

not a tax-advantage account?

by Anonymousreply 12June 10, 2025 2:34 AM

A sucker gives birth every minute. I fear for the offspring.

by Anonymousreply 13June 10, 2025 2:35 AM

So 2 boxes of disposable diapers and 2 weeks of child care.

by Anonymousreply 14June 10, 2025 3:58 AM

What about the children of gay couples?

by Anonymousreply 15June 10, 2025 5:08 AM

So, handouts.

by Anonymousreply 16June 10, 2025 5:34 AM

They tried a similar scheme in the UK nearly. 20 years ago. It was eventually scrapped.

by Anonymousreply 17June 10, 2025 11:10 AM

It’s a great idea. And that has nothing to do with who proposed it. I wish Biden Harris had done this. I really wish FDR had done this. I’d be a lot richer today,

The money is not for the parents. Give each new US kid an investment account. That could change their life forever in a positive way and encourage a new generation of savers and investors.

I like this idea a lot more than giving a shit-load more money to former college students who knowingly ran up debt and now what others to pay that debt off.

In the same vein if you want to stimulate the US economy quickly and help local business , give every true poor person an extra few $1000 .

by Anonymousreply 18June 10, 2025 11:24 AM

"Worried that your grandson will come home from school a girl? Or be eaten by an illegal alien? Take it from me, your pal Chachi, the best way to protect your grandson from Democrat Taxes is to turn his Trump Account into a $TRUMP account. We'll buy his worthless cash and turn it into a $TRUMP crypto down payment on a valuable timeshare in the new TRUMP Abu Dhabi Towers. Proud Grandpa of a little girl? Check out our $MELANIA Account conversion plan. We'll pay top crypto dollar for your little princess! Call now...there's no obligation and it's TOLL FREE!"

by Anonymousreply 19June 10, 2025 11:42 AM

I hope he falls down again and this time.....doesn't get up.

by Anonymousreply 20June 10, 2025 11:46 AM

I wish Biden had more of the crass political id that Trump has.

Biden passed all sorts of things that benefitted all sorts of people who had no idea it was even happening because he didn't pay attention to branding and blowing his own horn.

It was admirable but politically detrimental.

by Anonymousreply 21June 10, 2025 11:48 AM

Maybe the Democratic Party should lead the charge and strongly oppose these investment accounts for US newbors?Anyone think that is the way back to democratic victory in 2028?

The democrats need to think of this sort of intelligent give away long before Trump does. It would help with winning with becoming popular again. The democrats were the more popular party once..

Compared to paying off college loans for a few who ran up their own debt this idea is brilliant.

by Anonymousreply 22June 10, 2025 11:55 AM

[quote] The democrats need to think of this sort of intelligent give away long before Trump does. It would help with winning with becoming popular again. The democrats were the more popular party once..

This is a scam. We can't even comment on the program because like every Trump scam it is just a concept of an idea. This is just $3 to $4 billion a year which is less than Trump is stealing from the government.

by Anonymousreply 23June 10, 2025 3:14 PM

It’s an investment in americas future and children. . You as a gay man with no kids may see that as a scam. Most of these babies will be born to middle class and poor kids. It’s one of the better give away programs I have seen,

Go ahead and have the Dems oppose that

by Anonymousreply 24June 10, 2025 3:36 PM
Loading
Need more help? Click Here.

Yes indeed, we too use "cookies." Take a look at our privacy/terms or if you just want to see the damn site without all this bureaucratic nonsense, click ACCEPT. Otherwise, you'll just have to find some other site for your pointless bitchery needs.

×

Become a contributor - post when you want with no ads!