CEOs attended a roundtable to support a seed index of $1,000 for each newborn if “Big, Beautiful Bill” passes.
President Donald Trump proposed a savings account plan for every newborn, which the administration called “Money Accounts for Growth and Advancement.” Dell Technologies has pledged to add $1,000 per newborn if President Trump’s proposed seed money account for new Americans gets passed within the “Big, Beautiful Bill” currently being negotiated by Congress. The proposal seeks to create a seed index account with $1,000 in government funds for U.S. citizens born between January 1, 2025, and December 31, 2028.
White House Press Secretary Karoline Leavitt stated, “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!”
The tax-deferred accounts would allow up to $5,000 in additional contributions per year and would track the U.S. stock market. The Treasury Department would fund the accounts that would be managed by the child’s guardians until they reach 18 years of age.
A number of CEOs attended a roundtable event hosted by President Trump this past week, including those from Uber, Goldman Sachs, and Salesforce, who also voiced their support for the potential index funds. House Speaker Mike Johnson of Louisiana and House Ways and Means Committee Chairman Jason Smith of Missouri were also at the roundtable.
As the Lord Leads, Pray with Us…
- For President Trump to seek God’s direction as he promotes savings accounts for newborns.
- For wisdom for federal legislators as they continue to negotiate the “Big, Beautiful Bill.”
Sources: CNBC, Bloomberg, CNN
