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House Republicans Rename 'MAGA Accounts' to 'Trump Accounts' in Tax Bill Amendment

The last-minute rebranding, approved in committee, highlights GOP loyalty to Trump and has drawn bipartisan criticism ahead of a pending House vote on the broader fiscal package.

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President Trump speaks to reporters outside the West Wing of the White House on May 8. Photo: Bonnie Cash/UPI/Bloomberg via Getty Images
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Overview

  • House Republicans amended their proposed tax bill to rename $1,000-seeded 'MAGA Accounts' for newborns to 'Trump Accounts.'
  • The rebranding was introduced through an 11th-hour amendment during a Rules Committee markup session on May 22, 2025.
  • Originally named 'MAGA' for 'Money Account for Growth and Advancement,' the accounts aim to provide families with seed money for savings starting in 2026.
  • Democrats criticized the name change as prioritizing political symbolism over substantive policy, with some calling it cult-like behavior.
  • The amendment was approved in committee and the full House is expected to vote on the sweeping 'One, Big, Beautiful Bill,' which includes this provision.