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flag President Trump proposes $1,000 savings accounts for newborns to tackle wealth inequality.

flag President Trump has proposed "Trump Accounts," offering $1,000 tax-deferred savings accounts for newborns in the U.S. over the next four years. flag The funds can grow and be used for education, buying a home, or starting a business at age 18, with higher taxes on withdrawals for other uses. flag Inspired by "baby bonds" in some states, the initiative aims to reduce wealth inequality but faces criticism over its effectiveness and potential cuts to other aid programs.

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