And the second provision is this provision right here, the Trump accounts. These Trump accounts. Starting on July 4th, every child in America will have a personal investment account opened for them. Newborn children will have it seeded with $1,000. 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 broad based equity index account. (21:04–21:08)
CLAIM
Asserts that newborn children will receive $1,000 in a new account.
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.
