Overview

• The tax and spending package containing the Trump Accounts passed the House on May 22 and is currently under review by the Senate.
• Every U.S. citizen born through December 31, 2028 would receive a $1,000 investment account that can be tapped for college, housing or starting a business.
• Parents could contribute up to $5,000 annually to each account, a feature critics say will disproportionately benefit wealthier families.
• Opponents highlight the four-year sunset date, the lack of income-based deposits found in Democratic baby-bond proposals and the impact on the federal deficit.
• Some policy analysts argue that immediate support measures—such as high-quality tutoring or expanded childcare—would more effectively aid low-income families.