… like Detroit, you never know how that could change different cities in a major way as well. Well, the way we designed the program, the way I wrote the legislation, Every newborn child has $1,000 automatically seeded into the account. So if you have a baby this year, 1000 bucks immediately appears in that account. And then parents and family and employers can invest up to 5,000 a year in a tax advantaged account. (10:55–11:01)
CLAIM
Asserts that every newborn child receives $1,000 in a new account.
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