Who’s eligible? Every U.S.–born child between January 1, 2025, and December 31, 2028 would receive a one-time $1,000 deposit into a tax deferred investment account — dubbed “Trump Accounts” — provided at birth
How they work: Guardians control the accounts, which invest in stock market index funds. Parents can add up to $5,000 annually
Access and taxes: At age 18, funds can be spent on education, job training, starting a business, or a first home purchase—taxed as long term capital gains. Withdrawals for other purposes are taxed as ordinary income
Why is Trump pushing it?
• Pro family messaging: Positioned as a way to give children a financial “head start” by introducing them early to investing and wealth-building
• Private-sector endorsement: CEOs from Dell, Goldman Sachs, Uber, Robinhood, Salesforce, and others gathered at a White House roundtable to champion the initiative. Dell alone pledged to match the $1,000 seed investment for its employees’ newborns
Points of concern & criticism
• Cost and debt impact: With ~3.6 million births yearly, the seed investment could cost over $3 billion annually. Opponents argue it adds to a sweeping bill that may increase the federal deficit by trillions and slash social programs like Medicaid and SNAP
• Benefit for wealthy families?: Critics, including economist Darrick Hamilton, warn the universal approach may widen wealth inequality—in contrast to baby bond models targeted toward low-income children
• Delayed support: By focusing solely on long-term investment, the plan doesn’t address immediate needs like food, healthcare, or housing that low-income families currently face
Where it stands now
• The plan passed the House as part of the “One Big Beautiful Bill” or “Big Beautiful Bill,” championed by Trump and House Speaker Mike Johnson
• Senate fate pending: Passage in the Senate remains uncertain, with fiscal conservatives voicing concerns over costs and deficit implications
In a nutshell
Trump Accounts are an ambitious, branded proposal offering a $1,000 investment at birth to every child born during his next term, with optional annual family contributions. Advocates praise its potential to instill financial habits early; critics contend it’s too modest, too delayed, and may benefit the affluent more than those currently facing hardship—all while tied to a broader bill that raises fiscal red flags.
Let me know if you'd like a timeline, breakdown of the broader bill, or deep dive into how this compares with other “baby bond” programs. #trump#trumpnewbill#newborn#1000$ #latestnews
Trump is already doing something “big” on June 14, 2025, with the massive military parade and Army anniversary celebration, which will likely overshadow other potential announcements due to its scale and controversy. While a new cryptocurrency coin launch isn’t supported by current evidence, #june14#parade#militaryparade
Right now, Los Angeles is navigating a tense situation with protests against ICE raids, federal troop deployments, and a polarized political climate, alongside its typical cultural vibrancy. The unrest, driven by Trump’s immigration policies, overshadows the city’s events and may escalate further by June 14, potentially intersecting with Trump’s birthday parade in D.C. No evidence suggests a crypto coin launch in LA on that date, but the city’s protests could be part of a broader political narrative. If you’re in LA, stay cautious, especially in protest zones, and monitor local sources for updates. Would you like me to focus on a specific aspect (e.g., protest updates, cultural events, or crypto rumors) or check for new developments
Bhatia
Who’s eligible? Every U.S.–born child between January 1, 2025, and December 31, 2028 would receive a one-time $1,000 deposit into a tax deferred investment account — dubbed “Trump Accounts” — provided at birth
How they work: Guardians control the accounts, which invest in stock market index funds. Parents can add up to $5,000 annually
Access and taxes: At age 18, funds can be spent on education, job training, starting a business, or a first home purchase—taxed as long term capital gains. Withdrawals for other purposes are taxed as ordinary income
Why is Trump pushing it?
• Pro family messaging: Positioned as a way to give children a financial “head start” by introducing them early to investing and wealth-building
• Private-sector endorsement: CEOs from Dell, Goldman Sachs, Uber, Robinhood, Salesforce, and others gathered at a White House roundtable to champion the initiative. Dell alone pledged to match the $1,000 seed investment for its employees’ newborns
Points of concern & criticism
• Cost and debt impact: With ~3.6 million births yearly, the seed investment could cost over $3 billion annually. Opponents argue it adds to a sweeping bill that may increase the federal deficit by trillions and slash social programs like Medicaid and SNAP
• Benefit for wealthy families?: Critics, including economist Darrick Hamilton, warn the universal approach may widen wealth inequality—in contrast to baby bond models targeted toward low-income children
• Delayed support: By focusing solely on long-term investment, the plan doesn’t address immediate needs like food, healthcare, or housing that low-income families currently face
Where it stands now
• The plan passed the House as part of the “One Big Beautiful Bill” or “Big Beautiful Bill,” championed by Trump and House Speaker Mike Johnson
• Senate fate pending: Passage in the Senate remains uncertain, with fiscal conservatives voicing concerns over costs and deficit implications
In a nutshell
Trump Accounts are an ambitious, branded proposal offering a $1,000 investment at birth to every child born during his next term, with optional annual family contributions. Advocates praise its potential to instill financial habits early; critics contend it’s too modest, too delayed, and may benefit the affluent more than those currently facing hardship—all while tied to a broader bill that raises fiscal red flags.
Let me know if you'd like a timeline, breakdown of the broader bill, or deep dive into how this compares with other “baby bond” programs. #trump #trumpnewbill #newborn #1000$ #latestnews
7 months ago | [YT] | 0
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Bhatia
Trump is already doing something “big” on June 14, 2025, with the massive military parade and Army anniversary celebration, which will likely overshadow other potential announcements due to its scale and controversy. While a new cryptocurrency coin launch isn’t supported by current evidence,
#june14 #parade #militaryparade
7 months ago | [YT] | 0
View 0 replies
Bhatia
Right now, Los Angeles is navigating a tense situation with protests against ICE raids, federal troop deployments, and a polarized political climate, alongside its typical cultural vibrancy. The unrest, driven by Trump’s immigration policies, overshadows the city’s events and may escalate further by June 14, potentially intersecting with Trump’s birthday parade in D.C. No evidence suggests a crypto coin launch in LA on that date, but the city’s protests could be part of a broader political narrative. If you’re in LA, stay cautious, especially in protest zones, and monitor local sources for updates. Would you like me to focus on a specific aspect (e.g., protest updates, cultural events, or crypto rumors) or check for new developments
7 months ago | [YT] | 0
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Bhatia
Maket is back all accounts are pumping hard #bitcoin #eth #trump #melania #xrp
7 months ago (edited) | [YT] | 0
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