President Donald Trump leaves the White House on June 6 in Washington, D.C. Getty Images
President Donald Trump held a roundtable event at the White House on Monday. He promoted a new idea included in a major Republican policy bill. The plan gives $1,000 to every newborn American citizen as part of what’s being called the “Trump Account.”
How the Plan Works
Every baby born between January 2025 and January 2029 will get a Trump Account. The government will start the account with $1,000. Parents or legal guardians can manage the money. Each year, up to $5,000 more can be added by family or private contributors.
The money will go into an index fund linked to the stock market. Over time, this account could grow into a large sum. Families can use the money later for education, buying a home, or starting a family.
White House Promotes Benefits
White House press secretary Karoline Leavitt said this bill will bring big changes. She said it will cut taxes, increase the child tax credit, and give young Americans a strong start in life.
At the event, House Speaker Mike Johnson also praised the plan. He said it will help families take home more money and make business rules simpler for small companies.
Top Business Leaders Join Event
The roundtable took place in the State Dining Room. Many top CEOs joined, including leaders from Dell, Uber, Salesforce, ARM Corp, and Goldman Sachs. These companies said they will invest in the Trump Accounts for the children of their employees.
Michael Dell, CEO of Dell Technologies, said the accounts will help children in the long run. He promised that Dell will match the government’s $1,000 for each baby born to Dell employees. He believes this idea will help many families across the country.
Support for the Plan Grows
The event showed the growing support for the president’s plan. Business leaders liked the idea of helping families build wealth from birth. The Trump team hopes this move will also encourage people to support the larger Republican domestic policy bill.
The administration wants the bill to pass in the Senate before July 4. The White House believes the Trump Account program could be a major step toward building a future where every American has financial stability from day one.
