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Scott Bessent: “I think in some states, because many states are also going…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Bessent on Trump Accounts, gas prices and affordability

Published | Video Starts at 01:06

It's also homeownership and inheritance. And so some critics might say, well, $1,000, what is that going to do without broader systemic changes? Well, that's wrong because again, you know, I think in some states, because many states are also going to contribute that, you know, $1,000 would turn into 5,000 when the child turns 18. When you look at the economy through market returns, it's quite strong. But when many families look at it through groceries, gas, rent, borrowing costs, they feel strained. (01:06–01:19)

CLAIM

Asserts that in some states, $1,000 in Trump accounts could grow to $5,000 by age 18 due to state contributions.

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