How would Trump's budget bill affect the child tax credit?
Share this @internewscast.com


() President Donald Trump’s “big, beautiful bill” has touched on several facets he feels will help the American people presently and in the future. Investment in the country’s youth is also part of those changes in the legislation.

Trump on Monday is planning to highlight the “Trump Account,” in which the federal government will make a one-time contribution of $1,000 into a tax-deferred, low-cost index fund account that will track the overall stock market to every U.S. citizen born between Jan. 1, 2024, and Jan. 1, 2029.

The accounts will be private property controlled by the child’s guardians.

The accounts will begin at $1,000 per child, with the opportunity to contribute an additional $5,000 every year throughout the child’s life.

Several CEO’s, including from Dell, Uber, and Goldman Sachs, are also announcing billions of dollars in collective investments into “Trump Accounts” for the children of their employees.

Share this @internewscast.com
You May Also Like

35 Years of ADA: Potential Federal Funding Cuts Loom for Disability Rights Groups

TOPEKA, Kan. – Nancy Jensen is convinced that she would still be…

Sheriff Announces 39 Arrests in Dickenson County Drug Bust

DICKENSON COUNTY, Va. (WJHL) — An extensive, months-long drug investigation in Dickenson…

Abandoned Dog Finds Its Forever Family Just Under 2 Weeks Later

LAS VEGAS (KLAS) – Nearly two weeks after a dog was left…

Decatur’s Lively Avenue is Undergoing a Transformation

DECATUR, Ill. (WCIA) — Thanks to an incoming federal grant, a Decatur…

Texas Redistricting Dispute May Influence Other States

() The battle over Texas’ redistricting could send ripple effects through multiple…

Wes Moore Claims Trump Refused Disaster Aid for Maryland Following Floods

Maryland Gov. Wes Moore (D) said this week the Trump administration denied…

Individual Detained for Hiding Death of Homeless Woman in Augusta

AUGUSTA, Ga. () – The Richmond County Sheriff’s Office has arrested a…

Chuck E. Cheese Mascot Arrested in Front of Kids

Related video: Card skimming scams: What you need to know An employee…

EU Approves Injectable HIV Treatment That May Curb Transmission, According to Experts

LONDON – The European Medicines Agency has proposed the approval of a…

“Star of ‘Chimp Crazy’ Admits to Concealing Apes: Lawyer”

() Tonia Haddix, the legally troubled star of the HBO docuseries “Chimp…

U.S. Department of Education to Distribute Remaining Withheld School Grant Funds

In Hillsborough County, Fla., WFLA reports that the U.S. Department of Education…

Bobby Pierce and His Hall of Fame Father Make a Comeback at Fairbury for the Prairie Dirt Classic

FAIRBURY, Ill. (WCIA) — Growing up in Oakwood, Bobby Pierce didn’t think…