The proposed government-funded savings accounts for American children could grow to $1 million in 50 years with additional investments, says one businessman.
WASHINGTON—President Donald Trump held a high-profile business roundtable at the White House on Monday to highlight the “Invest America Act.”
The proposed legislation, introduced by Sen. Ted Cruz (R-Texas) would provide $1,000 in government-funded savings—dubbed “Trump Accounts”—for every American child born between Jan. 1, 2025, and Dec. 31, 2029, with money reclaimed from welfare reforms that eliminate “waste and fraud,” according to the president.
