WASHINGTON, Feb. 4 -- Sen. Mike Crapo issued the following news release:
The Working Families Tax Cuts spearheaded by U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) are setting up young Americans for a strong financial future through the creation of Trump Accounts. Beginning July 4, parents, employers, friends and philanthropists will be able to contribute to these investment accounts for children. Additionally, children born between January 1, 2025, and December 31, 2028, will qualify for an initial investment of $1,000 from the U.S. Treasury. At age 18, accountholders can continue to let the account grow or use the accounts for expenses like tuition or to help purchase their first home.
"Trump Accounts represent Republicans...