And for the Trump accounts, starting on July 4th of this year, every kid in America is going to have a private investment account open for them. Newborn kids are going to have it seeded with $1,000. And then Parents and family and employers can contribute $5,000 a year in a tax advantage account. And all of that money will be invested in the stock market in the s and P500. And so President Trump did a big event celebrating these accounts. (01:42–01:48)
CLAIM
Asserts that contributions of $5,000 a year can be made to the investment accounts in a tax-advantaged manner.
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.
