On the face of it, the so-called “Trump accounts” — which would provide parents of newborns with $1,000 to invest on behalf of their child’s future — would be a plus for many families.

President Donald Trump touted a $1,000 investment account for newborn babies born during his second term as part of the “big, beautiful bill” during a White House roundtable Monday afternoon. “Trump accounts,

A proposal by House Republicans and supported by President Donald Trump would create a tax-deferred investment account for babies born in the U.S., starting them each with $1,000. The announcement of this plan comes as Congressional Republicans and Trump face criticism for possible cuts to programs that low-income families with children depend on,