Julie Fedorchak: “Establishing savings accounts for newborns.”

“This one big beautiful bill lets North Dakotans and Americans keep more of their hard earned money. A few key provisions include increasing the child tax credit to $2,500 per child, raising the standard deduction for all filers, Establishing savings accounts for newborns. and creating a new deduction on Social Security benefits for senior citizens. For the average family of four in North Dakota, this package will help save an estimated $1,600 in taxes.” (02:17–02:20)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.