Scott Bessent: “Starting July 4th, family, friends, and employers will be…”

“President Trump wanted to make it especially easy for family, friends and employers to give to Trump accounts, and he has succeeded in that goal. Donations to a Trump account will soon be the best gift a child could ever receive. Starting July 4th, family, friends, and employers will be able to contribute up to $5,000 to each Trump account each year. By contributing the maximum amount annually, the Council of Economic Advisors at the estimates that a child's Trump account could be worth more than a million dollars at age 28 and tens of millions by the age of retirement.” (12:56–13:09)

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.