Trump launches a universal investment plan, giving every newborn $1,000 to invest in stocks
ChainCatcher news, according to Jinshi reports, Trump hosted a roundtable meeting at the White House on Monday to promote an important aspect of the Republican comprehensive domestic policy bill—providing a $1,000 investment account for every American newborn.Under the House pilot program, children of U.S. citizens born between January 2025 and January 2029 will receive a "Trump account," with the government contributing $1,000 into an index fund linked to the stock market, managed by the legal guardian. Guardians can additionally contribute up to $5,000 each year. At 18, they can withdraw 50% of the balance, at 25 they can withdraw the full amount for small business loans, higher education, etc., and at 30 they can have full access. Contributions to such accounts are made after taxes, and withdrawals are taxed as long-term capital gains or ordinary federal income.House Speaker Johnson emphasized its economic benefits, such as increasing take-home pay for families and reducing burdens on small businesses. The event was held in the White House State Dining Room, attended by executives from companies like Dell and Uber, with expectations that the CEOs will commit to investing billions of dollars. Dell stated that Dell Technologies will provide a one-to-one government seed investment for employee children’s accounts.
