Trump announces plans to give $1,000 to
President Donald Trump has announced a new initiative as part of his ‘big, beautiful bill’ that would grant \$1,000 investment accounts—dubbed ‘Trump accounts’—to American babies born between January 1, 2025 and December 31, 2028. These tax-deferred accounts, controlled by guardians, would track the stock market and allow annual contributions of up to \$5,000. Trump described…