This will create an investment account for every child in America. And newborn children, newborn children born this year would receive $1,000 to see that account. And then each year, Parents and family and employers would be able to contribute up to $5,000 a year in a tax advantaged account. That money would grow and it would be invested in the stock market in the s and P500. (07:50–07:59)
CLAIM
Asserts that the proposed bill allows contributions of up to $5,000 annually to a child's investment account.
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