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House GOP Launches 'Trump Accounts' for Newborn Savings

5/22/2025

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Republicans Launch "Trump Accounts"

House Republicans have rebranded a savings initiative for newborns, now calling it "Trump accounts" in honor of the former president. This plan promises $1,000 for every baby born between 2025 and 2029, aimed at easing future financial burdens. The spending bill, featuring substantial tax cuts, barely squeaked through with a 215-214 vote.

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Trump's Spending Bill

In a dramatic early Thursday session, House Republicans narrowly approved President Trump's spending bill with a 215-214 vote. This controversial legislation features substantial tax cuts and introduces "Trump accounts" for newborns. Speaker Mike Johnson is pushing to deliver it to Trump's desk by July 4, but the Senate's review may spark further GOP divisions and amendments.

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Republicans Launch "Trump Accounts"

House Republicans have rebranded a savings initiative for newborns, now calling it "Trump accounts" in honor of the former president. This plan promises $1,000 for every baby born between 2025 and 2029, aimed at easing future financial burdens. The spending bill, featuring substantial tax cuts, barely squeaked through with a 215-214 vote.

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