-
@ Layer3.news
2025-05-22 20:45:37
nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgyeg4dxy5e0jssqyu70ct4j0m6v7mu02p3smp4m2c7tdzmmf64fzvsp98pe
WHAT TO KNOW ABOUT HOUSE BILL'S $1,000 "TRUMP ACCOUNTS" FOR NEWBORNS
https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/22/396834b7-9ba3-4ebc-af3f-0e9928361a9e/thumbnail/1200x630/0ee58cfd692b08b4721dce852a80a126/gettyimages-1959570554.jpg?v=48f078ae8a74a1412614b0db6f935e48
--
✍️ The Trump administration proposes creating $1,000 'Trump accounts' for newborns, managed by banks or investment firms, to encourage wealth creation for American children.
--
👉 Proposed 'Trump accounts' would be automatically enrolled for children born between 2025 and 2029 with a Social Security number
👉 Accounts would be funded by the US Treasury and managed by banks or investment firms
👉 Families could contribute up to $5,000 a year to the accounts
👉 Funds could be used for approved expenses such as a down payment on a home, education, or starting a small business
👉 Critics argue that the program's tax structure and restrictions on withdrawals could limit its effectiveness, particularly for low-income families
--
#MadelineBrown #SamTaube #MeganCerullo #business
--
nostr:nevent1qvzqqqqqqypzpx29tf39xtu5yqp88n7zavn77n8klr6svvxcdw6k8jmgk76w42gnqy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqg8uextapwelekqff63hqcqpwnm2cs27pf2a37nsax3e6hf3ud6s4v6vxr3s