And I'll tell you, Jack, also in this bill is my legislation on what's called Invest America, also called Trump Accounts, that is going to be in this bill. And I'll tell you, this is something I'm really excited about. Every child in America is going to have a personal investment account seeded with $1,000 when they're born. that in turn will be invested in the S&P 500 in a broad based stock portfolio. Each year, parents and family and employers can give up to $5,000 in a tax advantage account. (10:36–10:52)
CLAIM
Asserts that the bill will create personal investment accounts for every newborn child in America, starting with $1,000.
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.
