Thanks to President Trump and the One, Big, Beautiful Bill – the landmark legislation I authored that delivered the Working Families Tax Cuts – every eligible American child born between Jan. 1, 2025, and Dec. 31, 2028, will receive a Trump Account, giving them a meaningful financial head start as they enter adulthood. The Trump Accounts initiative is a pro-family project that will provide our children with a meaningful financial foundation once they turn 18.
Each account will receive an initial $1,000 government deposit invested in a broad stock market index. Parents are allowed to contribute up to $5,000 per year, while employers may make an annual contribution of up to $2,500 – which will not be counted as part of the employee’s taxable income. This structure provides families with multiple ways to grow the account and maximize its impact over time.
Trump Accounts are designed to give every American child a jump start on their path to achieving the American Dream. This transformative initiative also offers flexibility for the future. The Trump investment accounts will be a game changer for new parents. Even before their newborn baby can walk or talk, their child will have money saved to one day learn a trade, start a business or to buy a home. Every child born under this policy will have a better shot at a future. It does not matter if they live on a city block or on a county road, this will make a significant difference to their lives.
What’s more, children in working families in areas like southeast and south Central Missouri received more good news this week. President Trump asked me to join an event at the White House this week to announce that Texas philanthropists Michael and Susan Dell pledged to invest $250 in 25 million American children’s Trump Accounts — a $6.25 billion investment in the next generation. The Dell’s contribution — one of the largest direct investments ever made in American families — will go to 25 million American children aged 10 and under living in zip codes with median incomes below $150,000. This generosity ensures that tens of millions of kids in middle- and low-income households will have an even better chance to achieve independence and financial security as adults.
The Trump Accounts are yet another example of this Administration and Republicans in Congress are committed not just to helping Americans today, but preparing them for the future. As demonstrated by the Dell family’s extraordinary contribution this week, the program will be open to and inspire additional contributions from family, friends, churches, employers and private foundations. And after sitting with several business leaders and leading philanthropists at the White House earlier this year, I’m confident additional help will be coming for America’s kids. Combined with the broader provisions of the Working Families Tax Cuts, Trump Accounts reflect a bold vision for putting Americans first.
A generation from now, this initiative has the chance to have dramatically improved the lives of millions of Americans. By providing a meaningful financial head start, Trump Accounts give future generations the foundation to dream bigger, work harder, and achieve more.
