Here's how I explained it at the press conference with the president. Starting on July 4, every child in America will have a personal investment account opened for them. Newborn children will have [accounts] seeded with a thousand dollars. parents and family and employers can contribute up to 5,000 a year in a tax advantaged account. That money will be invested in the S P 500 in the stock market. (22:41–23:16)
CLAIM
Asserts that newborns will receive $1,000 in their investment accounts.
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