Story perspectives

Trump Account: Wealthy Donors Fuel Newborn Investment Program

12/22/2025

Summary

Story summary

Treasury Secretary Scott Bessent urges wealthy individuals and corporations to fund the Trump Account investment program.
The Trump Account would provide newborns with an initial $1,000, tax-deferred balance.
The Trump Account is part of the Working Families Tax Cut Act and targets newborns born between 2025 and 2028.
Notable donations include $6.25 billion from Michael Dell and $75 million from Ray Dalio.
Twenty states are considering contributing to these accounts.

1 of 1

Story summary

Treasury Secretary Scott Bessent urges wealthy individuals and corporations to fund the Trump Account investment program.
The Trump Account would provide newborns with an initial $1,000, tax-deferred balance.
The Trump Account is part of the Working Families Tax Cut Act and targets newborns born between 2025 and 2028.
Notable donations include $6.25 billion from Michael Dell and $75 million from Ray Dalio.
Twenty states are considering contributing to these accounts.