DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Trump’s ‘Big, Beautiful Bill’ proposal offers ‘MAGA accounts’ with $1K for newborns

May 13, 2025
in News, Politics
Trump’s ‘Big, Beautiful Bill’ proposal offers ‘MAGA accounts’ with $1K for newborns
495
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

A draft of President Trump’s “Big, Beautiful Bill” includes a proposal to establish so-called “MAGA” savings accounts for children.

The pilot program — described as the “money account for growth and advancement” or “MAGA account” in the GOP bill released on Monday — would give every baby with a Social Security number born in the next few years $1,000.

That money will then accumulate interest and value through investments over time — and families and employees can contribute up to $5,000 in the children’ s accounts annually.

Ted Cruz with Donald Trump
Ted Cruz reportedly spearheaded the ‘MAGA accounts’ proposal. Getty Images
Document on 'The one, big, beautiful bill
The proposal would give $1,000 to US children born in the next few years. U.S. House of Representatives

The goal would be that once the kids become adults they will have tens of thousands of dollars at hand for education, job training, starting a business or buying a home.

Texas Sen. Ted Cruz, who reportedly spearheaded efforts to have the proposal included in Trump’s massive tax-cut plan, likened it to a retirement fund for kids.

“This is essentially a 401k for every newborn in America, and just like with 401ks, employers have seen it is a very attractive benefit for their employees to match or help seed those savings accounts,” Cruz told Semafor on Monday.

Cruz said that the accounts would usher an entire new generation directly into the American economy,“What is powerful is enabling every child in America to have an investment account and a stake in the American free enterprise system,” he told Semafor.

Baby in front of American flag
The account has been described as a 401k for American newborns. Elroi – stock.adobe.com

“There are many Americans who don’t own stocks or bonds, are not invested in the market, and may not feel particularly invested in the American free enterprise system. This will give everyone a stake,” he added.

The post Trump’s ‘Big, Beautiful Bill’ proposal offers ‘MAGA accounts’ with $1K for newborns appeared first on New York Post.

Tags: 401kDonald TrumpTed Cruz
Share198Tweet124Share
Smiley Fire in Inland Empire now more than 60% contained 
News

Smiley Fire in Inland Empire now more than 60% contained 

by KTLA
June 29, 2025

The Smiley Fire, which erupted Saturday afternoon in the Inland Empire, is more than 60% contained as of Sunday morning, ...

Read more
News

Cubs’ Ideal Bullpen Solution May Belong to Hated Division Rival

June 29, 2025
Music

Beyoncé left dangling midair due to scary ‘technical mishap’ during ‘Cowboy Carter’ tour performance

June 29, 2025
News

EXPOSED: Gavin Newsom’s shocking ties to the Chinese mafia

June 29, 2025
Asia

How China’s Crackdown Has Reshaped Hong Kong

June 29, 2025
5 visionOS 26 features that will make Apple Vision Pro worth it

5 visionOS 26 features that will make Apple Vision Pro worth it

June 29, 2025
Driving Force: Uber CEO Dara Khosrowshahi

Driving Force: Uber CEO Dara Khosrowshahi

June 29, 2025
Balatro’s Steam Summer Sale discount is the safest bet you can make

Balatro’s Steam Summer Sale discount is the safest bet you can make

June 29, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.