Trump explains how babies born during his tenure could snag $1K investment fund at 'no cost' to taxpayers
WASHINGTON, DC: Donald Trump revealed an eyebrow-raising aspect of his “big beautiful bill” that promises a financial boost for the next generation of Americans.
During a White House event on Monday, June 9, the president shared what he’s proudly dubbed the “Trump accounts”—a $1,000 investment fund for every US baby born while he’s in the White House.
Trump’s new baby bonus
According to the new offer, every American born between January 1, 2025, and December 31, 2028 would be gifted $1,000 from the government.
Trump said the accounts "will make it possible for countless American children to have a strong start in life at no cost to the American taxpayer, absolutely no cost. It's going to have a huge impact."
The money would be parked in an index fund tied to the stock market and managed by the baby’s legal guardians.
Trump described the move as a “pro-family initiative” designed to “make it possible for countless American children to have a strong start in life.”
Of course, he made sure his name was front and center—just like when he slapped his signature on Covid-19 stimulus checks.
The program originally had the working title “MAGA accounts,” but Republican lawmakers rebranded them as “Trump accounts” before the bill cleared the House last month, the Daily Mail reported.
A 'pro-family' initiative by Trump that is funded by big business
Big business is backing Trump’s idea in a major way. CEOs from companies like Dell, Uber, Altimeter Capital, ARM Corp, Salesforce, ServiceNow, Robinhood, and Goldman Sachs joined Trump for the announcement. The accounts will be funded by private businesses, not tax dollars, according to the president.
However, tech titan Michael Dell said Dell Technologies would “match the government's contributions, dollar for dollar, for every child born to a Dell team member.” He added, “This is investment in our people, their families, our communities, and America’s future, and it embodies our core belief that opportunity should begin at birth.”
Parents, family, friends—even future employers—can also toss in extra funds throughout the child’s life.
"It is a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they'll really be getting a big jump on life, especially if we get a little bit lucky with some of the numbers and the economies," Trump noted.
The rules dictate that kids can access a portion of the funds at age 18 for things like education, training, or buying their first home. The full amount becomes available when they hit 30.
Trump's own grandson could qualify for $1K investment fund
Not everyone's throwing confetti over Trump’s new plan. Democrats are slamming the "big beautiful bill," warning it could boot millions off Medicaid and balloon the federal deficit. Some Republicans from rural-heavy states are also raising red flags over the cuts to Medicaid buried in the fine print of the legislation.
The bill is still facing hurdles in the Senate, where lawmakers can propose changes. If that happens, the amended version would need to pass the House again before Trump can sign it.
Still, Trump is aiming high. He’s already set a deadline and said he wants the bill on his desk by the Fourth of July.
According to the Daily Mail, Trump’s own grandson could cash in on the plan. His daughter Tiffany Trump and her husband Michael Boulos welcomed their first child, a son named Alexander Trump Boulos, on May 15.
That means little Alexander would be one of the very first to qualify for a “Trump account.” But given the Boulos-Trump family's billionaire status, they’re probably not lining up for that $1,000 nest egg anytime soon.
