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10h ago

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

The last-minute rebranding of $1,000 seed-money savings accounts for newborns reflects a political loyalty strategy as the bill nears a House vote.

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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 tax and spending bill to rename 'MAGA Accounts' for newborns as 'Trump Accounts' in a late-stage revision.
  • The accounts, originally proposed by Sen. Ted Cruz, would seed $1,000 for every American baby born starting in 2026, with access restricted until adulthood.
  • The renaming is part of the 'One, Big, Beautiful Bill,' which seeks to extend Trump-era tax cuts and cut $1.5 trillion in federal spending.
  • Democrats and critics mocked the rebranding, with some calling it cult-like and questioning its practicality for immediate family support.
  • The bill, including the renamed 'Trump Accounts,' is expected to face a House vote ahead of the Memorial Day deadline.