The Trump Accounts Program, signed into law as part of the One Big Beautiful Bill Act, creating new tax-advantaged investment accounts for children under 18 through the Treasury Department, President Trump is touting the program as a generational wealth-building tool for American families.
00:00:44.060Under this administration, we're going to leave every child with real assets and a shot at financial freedom.
00:00:51.100President Trump, joined by rapper Nicki Minaj, touting the Trump Accounts Program to Boost Prosperity for American Children in Washington, D.C.
00:01:00.000New details about the man who sprayed Congresswoman Ilhan Omar with a liquid during a town hall event.
00:01:07.240This is not a frozen dinner you put in a microwave and in two and a half minutes it comes out ready to eat.
00:01:12.260Secretary of State Marco Rubio defending the administration's progress in Venezuela and sparring with Dems in the Senate.
00:01:18.860And Apple CEO Tim Cook faces backlash over an internal memo urging calm in the wake of the Alex Prattie shooting in Minneapolis.
00:01:27.800All that and more coming up in just a moment on your AM Update.
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00:02:39.200The Trump administration holding a high-profile event yesterday spotlighting the Trump Accounts Program featuring rapper Nicki Minaj and others.
00:02:50.180The Trump Accounts Program signed into law as part of the One Big Beautiful Bill Act,
00:02:55.500creating new tax-advantaged investment accounts for children under 18 through the Treasury Department.
00:03:02.740President Trump touting the program as a generational wealth-building tool for American families.
00:03:08.480Perhaps no provision of the Great Big Beautiful Bill will prove more consequential than Trump Accounts.
00:03:16.500Parents, employers, churches, states and loved ones will also be able to add up to $5,000 in additional money for those accounts.
00:03:24.920And with every modest contribution, Trump Accounts should reach at least $50,000 in value by the time the child turns 18
00:03:33.840and could be very substantially more than that.
00:03:37.320With slightly greater contributions, the typical account will grow to $100,000, $200,000,
00:03:43.400and can even grow up to past $300,000 per child.
00:03:47.700The size and scale of this wealth will dwarf all government programs ever created to benefit America's youth.
00:03:54.520There's never been anything like this.
00:03:55.980That's why everybody's talking about it.
00:03:58.640Even really, people that truly hate me are making this investment.
00:04:03.640Mr. Trump outlining why he sees the program as legacy-defining.
00:04:07.980Every president in modern history has left our children with nothing but debt.
00:04:13.240But under this administration, we're going to leave every child with real assets and a shot at financial freedom.
00:04:20.540We'll ensure that Americans don't just end their lives with a nest egg,
00:04:25.640but instead all Americans will begin their lives with a beautiful nest egg.
00:04:30.180There's never been anything quite like this.
00:04:33.560Eligible children born from 2025 to 2028 will receive $1,000 in seed money from the Treasury to kickstart their investments.
00:04:43.120The Dell family paving the way in December with a $6,250,000,000 donation to the program.
00:04:51.440Thanks to the Dells, the first 25 million American children aged 10 and under living in areas with median incomes below $150,000
00:05:03.580Up to $5,000 per year can be contributed to the accounts, which the child can access at age 18 to pay for college, buy a home, or start a business.
00:05:14.700If the child decides not to withdraw the money at that time, it then functions as a retirement account.
00:05:20.960Stake and Shake, Broadcom, Intel, IBM, JP Morgan, Chipotle, Coinbase, and Comcast all announcing yesterday
00:05:27.680they will begin offering matching contributions for employees.
00:05:31.780Joining other companies like Charles Schwab, Uber, MasterCard, and Robinhood.
00:05:37.180Visa now allowing customers to earn cash back rewards that go to Trump accounts.
00:05:42.760Rapper Nicki Minaj also called to the stage during the event.
00:05:45.920I don't know what to say, but I will say that I am probably the president's number one fan.