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Trump Launches TrumpIRA.gov, $1K Match Cuts Revenue

5/1/2026

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Summary

Story summary

U.S. President Donald Trump signed an executive order on April 30, 2026 creating TrumpIRA.gov, a portal for workers to compare low-cost private IRAs.
The order links the portal to the Saver’s Match program, which matches $1,000 for single filers under $35,500 or joint filers under $71,000.
The Cato Institute projects the Saver’s Match will cut federal revenues by $9.3 billion from 2028 to 2032, may exceed $20 billion with automatic enrollment.

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Story summary

U.S. President Donald Trump signed an executive order on April 30, 2026 creating TrumpIRA.gov, a portal for workers to compare low-cost private IRAs.
The order links the portal to the Saver’s Match program, which matches $1,000 for single filers under $35,500 or joint filers under $71,000.
The Cato Institute projects the Saver’s Match will cut federal revenues by $9.3 billion from 2028 to 2032, may exceed $20 billion with automatic enrollment.