The proposed government-funded financial savings accounts for American kids might develop to $1 million in 50 years with further investments, says one businessman.
WASHINGTON—President Donald Trump held a high-profile enterprise roundtable on the White Home on Monday to spotlight the “Make investments America Act.”
The proposed laws, launched by Sen. Ted Cruz (R-Texas) would supply $1,000 in government-funded financial savings—dubbed “Trump Accounts”—for each American baby born between Jan. 1, 2025, and Dec. 31, 2029, with cash reclaimed from welfare reforms that eradicate “waste and fraud,” in response to the president.