The Trump accounts, they'll start Next, next summer, July 4th. Every child in America will have a personal investment account open for them. Newborn children will have that fund seeded with a thousand dollars. Parents and family and employers can give up to 5,000 a year in a tax advantage account like a Roth IRA. That money will be invested in the S&P 500, a broad based equity index. Now you know about the stock market, but roughly half of Americans don't own a single stock, don't own a single bond. (10:59–11:07)
CLAIM
Asserts that contributions up to $5,000 a year can be made to children's investment accounts.
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.
