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Trump Signs $20B IRA Match, Cuts $9.3B Revenue

5/1/2026

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Summary

Story summary

President Donald Trump signed an executive order on April 30, 2026 creating TrumpIRA.gov, which the Treasury will launch Jan. 1, 2027.
The Saver’s Match will provide a 50 % match up to $1,000 for workers earning less than $35,500 (or $71,000 joint) beginning Jan. 2027.
The Cato Institute projects that funding the Saver’s Match will cut federal revenues by $9.3 billion from 2028 to 2032, raising total program costs above $20 billion.

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Story summary

President Donald Trump signed an executive order on April 30, 2026 creating TrumpIRA.gov, which the Treasury will launch Jan. 1, 2027.
The Saver’s Match will provide a 50 % match up to $1,000 for workers earning less than $35,500 (or $71,000 joint) beginning Jan. 2027.
The Cato Institute projects that funding the Saver’s Match will cut federal revenues by $9.3 billion from 2028 to 2032, raising total program costs above $20 billion.