Trump promotes $1,000 investment funds for newborns as part of “big beautiful bill”
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Trump gets Dell, Uber, Goldman Sachs to pay Americans $1K for each baby born — if ‘beautiful bill’ passed
The plan would see the federal government contribute $1,000 to each of the children’s accounts. The money would then be available to be invested in the stock market when the children reach age 21. The plan is part of the President’s One Big Beautiful Bill, which also aims to help the poor. The bill is expected to be voted on by Congress in the coming weeks. The White House says the plan is aimed at helping families who have been left out of the economic boom of the past few years, but not all of them have the means to pay for their children’s education and health care. It is also intended to help those who are already in the U.S. illegally, such as illegal immigrants, who are less likely to be able to get a job when they turn 18. The proposal is being pushed by the Republican-led House of Representatives.
Dell Computer founder Michael Dell, Uber CEO Dara Khosrowshahi, and Goldman Sachs boss David Solomon appeared at the White House on Monday alongside Trump for an event to promote what the bill labels “Trump accounts” as a way of promoting financial literacy and encouraging Americans to have more children.
Each announced that their respective companies would be willing to contribute to accounts established for children of their employees. The “Trump accounts” would be tax-deferred and would start with a one-time contribution of $1,000 from the federal government.
Funds deposited into the accounts would be invested to track the overall stock market and be accessible when the children reach age 21.
Trump hailed the business leaders for participating in the project, calling them “the greatest business minds we have today.”
Executives from a trio of the biggest companies in America joined House Speaker Mike Johnson (at left) and President Donald Trump to announce his plan to create investment accounts for children born during his second term stocked with $1,000 each. (REUTERS)
“These men and women lead large, successful companies, and they’re committed to contributing millions of dollars to the Trump account. And it’s really it’s going to be something incredible for children and for their employees in many cases,” he said.
“This is a pro family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they’ll really be getting a big jump on life, especially if we get a little bit lucky with some of the numbers and the economies into the future,” he added.
The president credited Dell, a longtime Republican donor, with having brought the “Trump account” concept to his attention, as well as GOP Representative Blake Moore of Utah and House Speaker Mike Johnson, the latter of whom hailed the proposed policy as “ a bold, transformative policy that gives every eligible American child a financial head start from day one.”
But the plan Republicans have adopted actually follows one that has been implemented in places such as California, Connecticut and the District of Columbia — each of which has introduced “baby bonds” which invest funds for newborns that are available when they reach adulthood for education and other purposes.
The idea dates back to 2010 as an academic proposal for reducing wealth inequalities and breaking cycles of poverty, and it was the centerpiece of New Jersey Senator Cory Booker’s short-lived 2020 presidential campaign.
The Trump administration proposal included in the One Big Beautiful Bill Act would require at least one parent to produce a Social Security number with work authorizations, which would prevent children of some categories of immigrants from having accounts established for them.
Unlike the District of Columbia’s program and similar ones that are intended to reduce poverty by targeting disadvantaged groups, the “Trump account” program would be available to families of all incomes.
Dell, the veteran entrepreneur and home computer pioneer, said his company was “proud to be one of the very first companies” to support the proposal.
“Following your inspiring lead, Mr. President, Dell Technologies will match the government’s contributions dollar for dollar for every child born to a Dell team member,” Dell said.
“This isn’t just a new benefit. This is investment in our people, their families, our communities and America’s future, and it embodies our core belief that opportunity should begin at birth.”
He added that he and his wife “expect to make a very significant gift” through his family’s foundation to support the plan, calling it “a powerful platform for Philanthropic Innovation aimed at helping children thrive wherever they come from, particularly those families who historically left behind.”
Trump to promote $1,000 ‘Trump Accounts’ for newborns at White House event
President Donald Trump hosted a roundtable at the White House on Monday to promote a key feature of the sweeping Republican domestic policy bill. The provision would provide every American newborn with a $1,000 investment account. The accounts would be established for all US citizen children born between January 2025 and January 2029 under a pilot program included in the House-passed legislation. The roundtable featured top executives from Dell, Uber, Altimeter Capital, ARM Corp, Salesforce, ServiceNow, Robinhood and Goldman Sachs. The CEOs were expected to pledge billions of dollars in investments into Trump accounts for the children of their employees.
President Donald Trump hosted a roundtable at the White House on Monday to promote a key feature of the sweeping Republican domestic policy bill — a provision that would provide every American newborn with a $1,000 investment account.
The accounts, which the administration has dubbed “Trump Accounts,” would be established for all US citizen children born between January 2025 and January 2029 under a pilot program included in the House-passed legislation.
The government’s $1,000 contribution would be placed in an index fund tied to the overall stock market and managed by the child’s legal guardians. The accounts will start at $1,000 per child and guardians or other private entities can contribute up to $5,000 additional dollars every year throughout the child’s life.
“The passage of the One Big Beautiful Bill will literally change the lives of working, middle class families across America by delivering the largest tax cuts in history, increasing the child tax credit, AND by creating this incredible new ‘Trump Account’ program, which will put the lives of young Americans on the right financial path” said White House press secretary Karoline Leavitt.
At the event on Monday, House Speaker Mike Johnson highlighted the economic benefits of the Trump accounts, including increased take-home pay for typical families and reduced red tape for small businesses.
Monday’s event, which took place in the State Dining Room at the White House, featured top executives from Dell, Uber, Altimeter Capital, ARM Corp, Salesforce, ServiceNow, Robinhood and Goldman Sachs. The CEOs were expected to pledge billions of dollars in investments into Trump accounts for the children of their employees.
“The creation of investment accounts for every child will compound into substantial nest eggs providing support for education, home ownership, and starting families. Dell Technologies will proudly match dollar for dollar the government’s seed investment into these accounts for all the children born to Dell team members. This bold move to an ownership society for all included in the Reconciliation Bill will have profound and far-reaching benefits for the country,” said Dell Technologies CEO Michael Dell, who attended the roundtable Monday.
The roundtable comes as the Trump administration intensifies its push to secure Senate passage of the president’s domestic policy package ahead of the Fourth of July.
NBC News was first to report on the event.
Trump gets Dell, Uber, Goldman Sachs to pay Americans $1K for each baby born — if ‘beautiful bill’ passed
The plan would see the federal government contribute $1,000 to each of the children’s accounts. The money would then be available to be invested in the stock market when the children reach age 21. The plan is part of the President’s One Big Beautiful Bill, which also aims to help the poor. The bill is expected to be voted on by Congress in the coming weeks. The White House says the plan is aimed at helping families who have been left out of the economic boom of the past few years, but not all of them have the means to pay for their children’s education and health care. It is also intended to help those who are already in the U.S. illegally, such as illegal immigrants, who are less likely to be able to get a job when they turn 18. The proposal is being pushed by the Republican-led House of Representatives.
Dell Computer founder Michael Dell, Uber CEO Dara Khosrowshahi, and Goldman Sachs boss David Solomon appeared at the White House on Monday alongside Trump for an event to promote what the bill labels “Trump accounts” as a way of promoting financial literacy and encouraging Americans to have more children.
Each announced that their respective companies would be willing to contribute to accounts established for children of their employees. The “Trump accounts” would be tax-deferred and would start with a one-time contribution of $1,000 from the federal government.
Funds deposited into the accounts would be invested to track the overall stock market and be accessible when the children reach age 21.
Trump hailed the business leaders for participating in the project, calling them “the greatest business minds we have today.”
Executives from a trio of the biggest companies in America joined House Speaker Mike Johnson (at left) and President Donald Trump to announce his plan to create investment accounts for children born during his second term stocked with $1,000 each. (REUTERS)
“These men and women lead large, successful companies, and they’re committed to contributing millions of dollars to the Trump account. And it’s really it’s going to be something incredible for children and for their employees in many cases,” he said.
“This is a pro family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they’ll really be getting a big jump on life, especially if we get a little bit lucky with some of the numbers and the economies into the future,” he added.
The president credited Dell, a longtime Republican donor, with having brought the “Trump account” concept to his attention, as well as GOP Representative Blake Moore of Utah and House Speaker Mike Johnson, the latter of whom hailed the proposed policy as “ a bold, transformative policy that gives every eligible American child a financial head start from day one.”
But the plan Republicans have adopted actually follows one that has been implemented in places such as California, Connecticut and the District of Columbia — each of which has introduced “baby bonds” which invest funds for newborns that are available when they reach adulthood for education and other purposes.
The idea dates back to 2010 as an academic proposal for reducing wealth inequalities and breaking cycles of poverty, and it was the centerpiece of New Jersey Senator Cory Booker’s short-lived 2020 presidential campaign.
The Trump administration proposal included in the One Big Beautiful Bill Act would require at least one parent to produce a Social Security number with work authorizations, which would prevent children of some categories of immigrants from having accounts established for them.
Unlike the District of Columbia’s program and similar ones that are intended to reduce poverty by targeting disadvantaged groups, the “Trump account” program would be available to families of all incomes.
Dell, the veteran entrepreneur and home computer pioneer, said his company was “proud to be one of the very first companies” to support the proposal.
“Following your inspiring lead, Mr. President, Dell Technologies will match the government’s contributions dollar for dollar for every child born to a Dell team member,” Dell said.
“This isn’t just a new benefit. This is investment in our people, their families, our communities and America’s future, and it embodies our core belief that opportunity should begin at birth.”
He added that he and his wife “expect to make a very significant gift” through his family’s foundation to support the plan, calling it “a powerful platform for Philanthropic Innovation aimed at helping children thrive wherever they come from, particularly those families who historically left behind.”
Trump reveals how Americans can score a free $1,000 ‘MAGA baby account’
The ‘Trump accounts’ will be given to every U.S. citizen born after December 31, 2024, and before January 1, 2029. The government’s $1,000 contribution would be placed in an index fund tied to the stock market and managed by the child’s legal guardians. Trump called the accounts a ‘pro-family’ initiative as he works to rally senators to support his proposed legislation. Democrats are critical of the legislation, which they say will remove millions from Medicaid and add billions to the federal deficit. Some Republican senators, especially those who represent states with large rural areas, also have expressed concern about the cuts to Medicaid. Trump has said he’d like to have the bill on his desk by July 4.
The ‘Trump accounts’ will be given to every U.S. citizen born after December 31, 2024, and before January 1, 2029.
The government’s $1,000 contribution would be placed in an index fund tied to the stock market and managed by the child’s legal guardians.
During an event at the White House on Monday, the president said the accounts ‘will make it possible for countless American children to have a strong start in life at no cost to the American taxpayer, absolutely no cost. It’s going to have a huge impact.’
Named after himself, Trump called the accounts a ‘pro-family’ initiative as he works to rally senators to support his proposed legislation.
President Donald Trump at the announcement with Speaker Mike Johnson (left)
It is not the first time that Trump has made sure it’s his name that Americans see on a financial statement. He also put his name on stimulus checks the government sent to millions of Americans during the COVID-19 pandemic.
Republicans changed the name of the program from ‘MAGA accounts’ to ‘Trump accounts’ before the bill passed the House last month.
The Trump accounts will be funded by contributions from private businesses.
Heads of Dell, Uber, Altimeter Capital, ARM Corp, Salesforce, ServiceNow, Robinhood and Goldman Sachs joined the president for the announcement.
The accounts will also be accessible for additional financial contributions throughout the child’s life from family, friends, parents, employers, or other entities.
‘It is a pro family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they’ll really be getting a big jump on life, especially if we get a little bit lucky with some of the numbers and the economies,’ Trump noted.
The recipient of the account could access some of the money when they turn 18 for things like education, training or a first-time home purchase. The full balance would be available at age 30.
Michael Dell, the CEO of Dell Technologies said his company would ‘match the government’s contributions, dollar for dollar for every child born to a Dell team member.’
‘This is investment in our people, their families, our communities and America’s future, and it embodies our core belief that opportunity should begin at birth,’ Dell said.
Donald Trump with a baby
President Donald Trump speaks with White House Chief of Staff Susie Wiles during an ‘Invest America’ roundtable discussion
White House press secretary Karoline Leavitt with her son
Democrats are critical of the legislation, which they say will remove millions from Medicaid and add billions to the federal deficit.
Some Republican senators, especially those who represent states with large rural areas, also have expressed concern about the cuts to Medicaid.
The Senate can still amend the bill, which, if that happens, it would need to be re-approved by the House before it could go to Trump for his signature.
Trump has said he’d like to have the bill on his desk by July 4.
Some of his own family will benefit.
The president’s daughter Tiffany Trump and her husband Michael Boulos had their first child – a baby boy – May 15, 2025.
If the pilot program gets approved, Alexander Trump Boulos would qualify for it.
Trump to Promote $1,000 Baby Investment Accounts at White House
President Trump is launching $1,000 investment funds for every newborn U.S. citizen. The accounts are part of the House-approved economic package aimed at working and middle-class families. Monday’s White House roundtable promotes the initiative with major CEOs pledging support. Dell, Uber, Robinhood, Salesforce, and Goldman Sachs are expected to announce corporate investments into these accounts on behalf of employees’ children. The goal: foster long-term wealth accumulation to help with education, housing, and future family-building needs. The administration believes this package could redefine conservative domestic policy by tying economic empowerment to early-life investment. The White House Press Secretary said the provision is a vital part of. the larger economic policy proposal known as the “One Big Beautiful Bill.”“This bold move to an ownership society… will have profound and far-reaching benefits for the country,” said Dell Technologies CEO Michael Dell.
President Donald Trump speaks during a meeting with the Fraternal Order of Police in the State Dinning Room of the White House, Thursday, June 5, 2025, in Washington. (AP Photo/Alex Brandon)
Trump Baby Investment Plan: Quick Looks
Trump unveils $1,000 “Trump Accounts” for all newborn U.S. citizens
Accounts to be funded and managed by parents or guardians
Guardians can contribute up to $5,000 per year
Roundtable hosted in White House State Dining Room
CEOs from top companies pledge billions in contributions
Dell to match the government’s $1,000 for employees’ children
Part of sweeping domestic policy bill seeking Senate approval
Program targets long-term financial support for education and housing
Deep Look: Trump Launches $1,000 ‘Trump Accounts’ for Every U.S. Newborn
Washington, D.C.– President Donald Trump is spotlighting a new signature initiative aimed at supporting American families: a $1,000 investment account for every newborn U.S. citizen. Branded as “Trump Accounts,” the plan is a centerpiece of the House-passed Republican domestic policy package that the administration is now working to push through the Senate.
The president will host a roundtable event at the White House on Monday with top CEOs from companies including Dell, Uber, Robinhood, Salesforce, and Goldman Sachs, who are expected to announce corporate investments into these accounts on behalf of employees’ children.
How “Trump Accounts” Work
Under the pilot program, the federal government will provide $1,000 in seed money to an investment account for every child born in the U.S. The funds will be invested in an index fund tied to the broader stock market and managed by the child’s legal guardians. In addition to the government’s contribution, guardians and private donors can contribute up to $5,000 annually.
The goal: foster long-term wealth accumulation for working and middle-class families to help with education, housing, and future family-building needs.
Administration’s Vision: Ownership Society
White House Press Secretary Karoline Leavitt said the provision is a vital part of the larger economic policy proposal known as the “One Big Beautiful Bill.”
“The passage of the One Big Beautiful Bill will literally change the lives of working, middle-class families across America,” said Leavitt, citing increases to the child tax credit, historic tax cuts, and the launch of the Trump Accounts initiative.
Corporate Support Pours In
The initiative has already gained traction among corporate leaders. Dell Technologies CEO Michael Dell confirmed that his company will match the government’s $1,000 contribution for all children born to Dell employees, saying:
“This bold move to an ownership society… will have profound and far-reaching benefits for the country.”
Executives from Altimeter Capital, ARM Corp, ServiceNow, and others will also attend the roundtable and are expected to announce corporate-backed investments totaling in the billions.
Strategic Push Ahead of Senate Vote
The roundtable event is more than a showcase — it’s a strategic push to build momentum for Senate passage ahead of the Fourth of July. The administration believes this package could redefine conservative domestic policy by tying economic empowerment to early-life investment.
Trump, who’s eyeing legacy-defining legislation, sees this as a generational wealth-building initiative that could transform the financial trajectories of millions of American families.
Political Implications
With polls showing economic anxiety remains a top concern for voters heading into the 2026 midterms, the “Trump Accounts” could serve as a symbolic and substantive plank in the GOP’s message: economic opportunity, not entitlements.
Though Democrats have criticized the broader bill for its spending cuts to social programs, some moderates have signaled openness to elements like the investment account pilot.
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Source: https://www.axios.com/2025/06/09/trump-accounts-big-beautiful-bill