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

Sullivan County Schools Introduces AI Tool to Enhance Parent Communication

Sullivan County Schools in Blountville, Tennessee, has introduced an innovative tool named…

Mandela Barnes Launches Bid for Wisconsin Governor: Former Senate Candidate Aims for Leadership in 2024

MADISON, Wis. – Former Wisconsin lieutenant governor Mandela Barnes, a Democrat known…

Bluey and Bingo Set for Exciting Debut at US Disney Parks and Cruise Line – Find Out When!

BAY LAKE, Fla. – Bluey and her sister Bingo, the adored stars…

Reward Announced for Information on Fugitive High School Coach by U.S. Marshals

WISE COUNTY, Va. — The U.S. Marshals Service has announced a reward…

Orange County Commissioner Advocates for E-Bike Safety Study Amid Growing Concerns

ORANGE COUNTY, Fla. – Officials in Orange County are gearing up to…

JCPD Apprehends Suspect Following Foot Chase Near I-26

In a dramatic turn of events on Friday morning, the Johnson City…

Heartfelt Tribute: Brights Zoo Honors Spotless Giraffe Kipekee Amidst Community’s Outpouring of Support

Brights Zoo, located in Limestone, Tennessee, is mourning the loss of its…

Greeneville High Baseball Field Vandalized by Car: Arrest Made After Shocking Incident

In Greeneville, Tennessee, a bizarre incident left the baseball field at Greeneville…

Breaking News: Israeli Forces Neutralize Two Alleged Palestinian Attackers in West Bank Clash

JERUSALEM – In a significant escalation of violence in the occupied West…

Bristol Police Arrest Man After Seizing Meth and Fentanyl in Major Drug Bust

The Bristol Virginia Police Department (BVPD) reported the arrest of a man…

Amazon Orlando Braces for Record-Breaking Cyber Monday Surge: Nearly Double Package Volume Expected!

ORLANDO, Fla. – As consumers dive into Cyber Monday deals, Amazon is…

Legal Showdown: Luigi Mangione Faces Court Battle Over Crucial Evidence in UnitedHealthcare CEO Murder Case

NEW YORK – Luigi Mangione returns to court on Tuesday for the…