On Monday, President Donald Trump hosted a roundtable at the White House to highlight a significant aspect of a new Republican domestic policy bill: the introduction of “Trump Accounts.” This initiative aims to establish $1,000 investment accounts for every American child born between January 2025 and January 2029, as part of a pilot program included in legislation that has already passed the House.
The government would contribute $1,534 to each account, which will be invested in stock market index funds managed by the child’s legal guardians. Additionally, families or other contributors could add up to $5,000 annually throughout the child’s lifetime. White House press secretary Karoline Leavitt emphasised that this legislation, dubbed the One Big Beautiful Bill, would significantly benefit working and middle-class families by offering the largest tax cuts to date, an increased child tax credit, and the innovative Trump Account programme, setting young Americans on a sound financial trajectory.
During the roundtable, House Speaker Mike Johnson outlined the economic advantages related to the Trump Accounts, such as enhanced take-home salaries for families and reduced bureaucracy for small businesses. The event, held in the State Dining Room of the White House, featured influential CEOs from major corporations like Dell, Uber, and Goldman Sachs, who were anticipated to commit billions in investments into the Trump Accounts for their employees’ children.
Michael Dell, CEO of Dell Technologies, praised the initiative, noting that the creation of these investment accounts could significantly benefit children in terms of education, home ownership, and starting families. He affirmed that Dell Technologies would match the government’s initial investment for every child born to its employees.
The roundtable was part of the Trump administration’s intensified efforts to ensure the passage of the domestic policy package in the Senate before the Fourth of July holiday. The plan aims to foster a society focused on ownership and investment for the younger generation, which could have lasting economic and social benefits for the country.