India, June 10 -- Monday, President Donald Trump joined top business leaders and lawmakers to unveil the creation of "Trump Accounts," a provision in the One Big Beautiful Bill that will create tax-deferred investment accounts for all newborn American children.
Trump Accounts, which will be seeded with a one-time government contribution of $1,000, will track a stock index and allow for additional private contributions of up to $5,000 per year.
The account will be private property of the child's guardian, who also can contribute this amount every year throughout the child's life.
All children born between January 2025 and January 2029, having US citizenship are eligible to open the Trump Account under a pilot program.
At a round-table ho...