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GOP senator unveils plan to expand Trump Accounts to people under 40: 'Game-changer'

GOP senator unveils plan to expand Trump Accounts to people under 40: 'Game-changer'

Sen. Bernie Moreno, R-Ohio, said he plans to introduce legislation that would expand eligibility for Trump Accounts, currently available to children under 18, to Americans under the age of 40.Trump Accounts can be established for eligible children under 18, while U.S. citizen children born between 2025 and 2028 are eligible for a one-time $1,000 federal contribution. Individuals and employers can generally contribute up to a combined $5,000 annually.Moreno said on Tuesday he would lead a bill in the Senate to expand the investment accounts to adults."This is a game-changer and I’ll lead the...

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Wayne G Fraser
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State Georgia, North Carolina, South Carolina
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