Hegesh Listens

Trump promoted the new Trump savings account in the Republican Megabill at a round table in the White House with legislators and the main CEO.

“Trump’s accounts, as they call it, the pilot program, which will allow innumerable American children to have a strong start in life, at no cost to the US taxpayer. Absolutely any cost. It will have a great impact,” Trump said.

If the bill becomes law, the government would deposit $ 1,000 in a low -cost index account account with taxes that track the general stock market for each newborn. Additional contributions can increase up to $ 5,000 annually. When children reach adulthood, they could get money to cover things like the university or an initial payment in a house.

Trump said the account “will contribute to the success of the entire life of millions of newborns”

“They will be open for additional private contributions every year of family, friends, parents, employers, churches, private bases and more. This is a pro-family initiative that will help millions of Americans take advantage of the strength of our economy to raise the next generation, and they will really make a great leap in life, especially if we get a little luck with some of the numbers in the future in the future in the future,” Trump added.

The president of the House of Representatives, Mike Johnson, promoted how “transformative” policy can help American families.

“It is a bold and transformative policy that gives each American child eligible a financial advantage from day one,” said Johnson. “Republicans are proud to be the party that we have always been that life, families and prosperity and opportunity support. And Trump’s accounts are trying to establish the next generation for success. For future Americans, this early investment could be the change of play.”

-ABC News’ Michelle Stoddart