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President Trump proposes $1,000 savings accounts for newborns to tackle wealth inequality.
President Trump has proposed "Trump Accounts," offering $1,000 tax-deferred savings accounts for newborns in the U.S. over the next four years.
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.
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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El presidente Trump propone cuentas de ahorro de 1.000 dólares para los recién nacidos para abordar la desigualdad de riqueza.