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flag House Republicans propose "MAGA" savings accounts, giving newborns $1,000 in tax-exempt accounts.

flag House Republicans, led by Ted Cruz, have proposed a bill that includes "MAGA" savings accounts for newborns, offering $1,000 each. flag These accounts, exempt from taxation, are designed for children born between 2025 and 2028. flag Contributions up to $5,000 annually can be made by employers and families, and children can access the funds at 18. flag The program aims to provide investment opportunities for every child in America.

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