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!

[muriel_volestrangler]

39. The article says this was included in the current spending bill now in the Senate

but if so, I'm surprised it wasn't publicised earlier. Maybe that shows the bill really is too big for anyone to read thoroughly.

[Raven123]

44. Thanks. I should have read the article

The intro is misleading. Trump is promoting a proposal in the Bill, not unveiling a new proposal.

[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.

[lonely bird]

38. Exactly

This is the next step in the attempted re-White-ification of the country.

The cabal of Republicans, racist-libertarians, Techbros, corporatists and religionists want more White babies, period.

One wonders if the next step will be to pre-select what children can learn what to create the drones needed to support the cabal. Not that it isn’t already happening but rather it would be out in the open.

[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.

[Javaman]

36. wow, such a sport.

sounds to me like another way to track people from birth.

these types of accounts already exist.

I just set one up for my granddaughter last year.

[Vinca]

37. Poor baby. Its first stock investment is dependent on the hourly mood of the king.

[bdamomma]

40. Hmm.....

is the felon getting his cues from Hungary's Orban?

Read this article: from 2019

https://www.bbc.com/news/world-europe-47192612

Snip of article:

Hungarian women with four children or more will be exempted for life from paying income tax, the prime minister has said, unveiling plans designed to boost the number of babies being born.

It was a way of defending Hungary's future without depending on immigration, Viktor Orban said.

The right-wing nationalist particularly opposes immigration by Muslims.

Hungary's population is falling by 32,000 a year. Women there have fewer children than the EU average.

As part of the measures, young couples will be offered interest-free loans of 10m forint (£27,400; $36,000), to be cancelled once they have three children.

[slightlv]

41. Life is cheap in trumps domain.

$1000 is nothing compared with what it takes to birth a child... let alone raise it. But I'll bet groups like Quiverfull are salivating over the thought. People should start suing the government for death dismemberment and pain and suffering to the mother of an unwanted child, or when the pregnancy goes wrong as well as lifetime payments for disabled children born since RvW was nullified. Make the life of the living breathing mother worth more than a clump of non sentient cells.

[jonstl08]

42. Tax question

Is it going to be in the child's name/SSN? If in parents since it is tax deferred if they take the money out in addition to taxes on it will they also be subject to the 10% early withdrawal penalty also.

If in child's SSN will they also be subject to the kiddie tax if they withdraw it.

[Torchlight]

43. About as concrete and substantial as the Doge $5000 rebate checks.

Sure Mr. trump, sure.

[twodogsbarking]

45. Dolly Parton gives books to chidren. The Reps take them away. Any questions? Answers?

[Iris]

46. Brought to you by the party that created the myth of the "welfare queen"

[Blackjackdavey]

47. Alaska

pretty sure you get a lot more than that to live in Alaska. Pretty sure it's still ranked near the bottom of state population. FWIW.

[Nonnia Bisnez]

48. Something for the peons.

All hail emperor Trump.