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Rapid Response 47 @RapidResponse47 - Video: .@MichaelDell and Susan Dell deliver remarks from the White House upon announcing one of the largest private investments in American children in history:
"We believe the smartest investment that we can make is investment in children, and this Act has created a platform for families, and friends, and communities, and companies, and philanthropist to contribute to these accounts to create a savings, and opportunity, and hope, and prosperity for tens of millions of children in this country."
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Rapid Response 47 @RapidResponse47 @POTUS: In honor of America’s 250th anniversary, @MichaelDell and Susan Dell are announcing today that they are giving 25 MILLION American children $250 dollars each to save and to invest in their personal Trump account. That's the equivalent of $6.25 billion.
https://x.com/RapidResponse47/status/1995950300956344819

Rapid Response 47 @RapidResponse47 - TRUMP ACCOUNTS:
— What is a Trump Account?
A Trump Account is a tax-deferred savings account for children under 18. The accounts are designed to grow with investment earnings over time, and when the child becomes an adult, the accounts generally function like a traditional IRA.
— Who is eligible?
Any child under 18 with a valid Social Security number may open a Trump Account. Parents or guardians must set up and manage the account until the child turns 18.
— What is the $1,000 government contribution?
The parent or guardian of a child born between calendar year 2025 and 2028 who is a U.S. citizen with a valid Social Security number may choose to have a one-time $1,000 contribution made by Treasury to the child’s Trump Account. This contribution does not count against the annual $5,000 contribution limit. This benefit is available for these children so long as the account is opened before the year in which the child turns age 18.
— Do Trump Accounts protect taxpayer dollars by preventing waste, fraud, and abuse?
Trump Accounts are built with strict safeguards to protect taxpayer funds, including requiring a valid Social Security number and limiting the one-time $1,000 pilot contribution exclusively to U.S. citizens born between calendar years 2025 and 2028, ensuring this benefit goes only to eligible American children.
— Who can contribute to a Trump Account?