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. Two massive benefits that change this country. (00:52–00:58)
CLAIM
Asserts that contributions up to $5,000 a year can be made to these accounts in a tax-advantaged manner.
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