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Texas Lt. Gov. Dan Patrick proposes a $1,000 newborn stock investment program, modeled on a federal initiative, to boost long-term wealth.
Lt. Gov.
Dan Patrick has proposed a Texas program to invest $1,000 per newborn in the stock market, modeled after a federal initiative under President Trump’s tax law.
The "New Little Texan Savings Fund" would cost about $400 million annually and aims to promote financial literacy and long-term wealth through compound interest.
Patrick plans to seek a constitutional amendment and introduce legislation during the 2027 session.
The federal program, launched in 2025, provides $1,000 to U.S.-born children with Social Security numbers born between 2025 and 2028, with funds accessible at age 18.
A $6.25 billion pledge from Michael and Susan Dell adds $250 per child under 10, and parents may contribute up to $2,500 annually in pretax income.
While Sen. Ted Cruz praised the initiative, some conservatives criticized it as government overreach and a threat to personal responsibility.
Teniente gobernador de Texas. Dan Patrick propone un programa de inversión en acciones de $1,000 para recién nacidos, basado en una iniciativa federal, para aumentar la riqueza a largo plazo.