US Sen. Roger Wicker promotes Trump savings accounts for children [USA TODAY]
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Source: USA TODAY
A new federal program, nicknamed "Trump Accounts," provides child savings accounts for children born during a specific period. Each account starts with a $1,000 government deposit and can receive additional tax-free contributions. A separate multi-billion dollar donation from Michael and Susan Dell will fund similar accounts for children in lower-income areas. Despite its partisan name, the program has received bipartisan support for its potential to teach financial literacy and build wealth. There's Republican policy and there's Democrat policy . There's also just plain good policy, said U.S. Sen. Roger Wicker and that is where Trump Accounts come in. The child savings accounts are wrapped in layers of political rhetoric , having been named after the president and created in the controversial "One Big, Beautiful Bill Act" last year. But, Wicker told audience members at a Tuesday, April 7, panel the accounts are a nonpartisan measure that will help all children in the count
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