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Sens. Cruz and Booker urge business leaders to support 'Trump Accounts' program

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5 hours ago

Sens. Ted Cruz, R-Texas, and Cory Booker, D-N.J., urged leaders of Fortune 1000 companies in a letter Tuesday to support the newly created federal savings program known as "Trump Accounts," a tax-advantaged investment account established for newborn American children.The program, created by the One Big Beautiful Bill Act and signed into law by President Donald Trump July 4, provides every child born between Jan. 1, 2025 and Dec. 31, 2028, a one-time $1,000 government deposit at birth. Families can open an account once the child has a Social Security number, and funds cannot be withdrawn until...

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5 hours ago
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