Trump to Cut $1,000 Checks for Everyone Born Between These Years—Does Your Birthday Make the Cut?
### Trump Accounts: A Bold Plan to Build Wealth for Millions
On June 9, 2025, President Trump introduced “Trump Accounts,” a revolutionary program to boost family wealth. For U.S. citizens born between January 1, 2025, and December 31, 2028, the government will deposit $1,000 into tax-deferred accounts tracking the stock market. Guardians control these accounts, with families able to add up to $5,000 yearly. Targeting 15-16 million children, it costs ~$15 billion initially.
Trump’s “big, beautiful bill” emphasizes wealth creation over welfare. House Speaker Mike Johnson calls it a “transformative policy” for family opportunity. At 7% annual returns, $1,000 could grow to ~$4,000 in 20 years; with max contributions, ~$185,000 by age 18, aiding education or homeownership.
The House-passed bill includes:
– No taxes on tips.
– Overtime tax freeze.
– $10,000 auto loan interest deduction (U.S.-made vehicles).
– $200 silencer tax credit.
– Child tax credit increase to $2,500.
Most provisions expire in 2028. Funding comes from Medicaid/SNAP cuts, saving ~$1 trillion but reducing coverage for 8.6 million, sparking controversy. Elon Musk criticized it for bloating spending.
Implementation faces logistical hurdles and Senate uncertainty. If passed, Trump Accounts could democratize investing and enhance mobility.
