WHAT THEY ARE SAYING: America's Best Investment? Betting on the Next Generation.
WASHINGTON, D.C. — One of the most revolutionary programs to emerge from the Republican-passed Working Families Tax Cut Act is Trump Accounts–giving every American child a genuine head start and a real shot at the American Dream.
For the first time in our nation’s history, the federal government is investing directly into the financial future of the next generation. Trump Accounts are a tax-advantaged savings account for American children and available to 44 million families with children under 18. As part of the pilot program, each child born between January 1, 2025, and December 31, 2028, is eligible to receive a $1,000 contribution from the U.S. Treasury Department. Parents, guardians, friends, philanthropies and even employers can contribute up to $5,000 annually to a child’s Trump Account.
Treasury Secretary Scott Bessent projects that a $1,000 deposit at birth could grow to nearly $674,000 by retirement age based on historical market returns. The funds can be used for home down payments, small business capital, or education costs.
Here’s what members of the Republican Study Committee (RSC) are saying about the historic Trump Accounts program:
"As a father of three young girls, I know how critical it is for parents to save for their children's future. That's why Republicans delivered Trump Accounts through the Working Families Tax Cuts. For every child born between 2025 and 2028, we're investing $1,000 to put the American Dream within reach for millions of families and build serious financial security for our kids. This is how you create generational wealth for hardworking Americans," said RSC Chairman August Pfluger (TX-11).
“President Trump is catapulting the next generation toward financial success with Trump Accounts,” said RSC Vice-Chair Ben Cline (VA-06). “These accounts can grow into the millions. They give children, no matter their background or ZIP code, the opportunity for a solid foundation for success, empowering the next generation to build wealth and achieve the American Dream.”
“For too long, working Americans have lacked the ability to save, invest in their future, enjoy the benefits of compound interest, and build generational wealth. With the new Trump Accounts passed in the One Big Beautiful Bill, we have provided a powerful tool to create a generation of investors, savers, and help them enjoy financial success early in their lives,” said RSC Budget and Spending Task Force Chair Beth Van Duyne (TX-24).
"Investing in our children is the most important action we can take for America’s future. Trump Accounts give families tools for long-term financial success. This smart, responsible policy puts opportunity in the hands of American families, where it belongs,” said RSC Article One Task Force Chair Harriet Hageman (WY-AL).
"As a father of six, I know it’s never too early to invest in your family’s future. Through the Working Families Tax Cuts—the largest tax cut in U.S. history—and with President Trump’s strong leadership, we created Trump Accounts to give every child a head start on saving for college, a first home, or launching a business. These investments help families save early, build opportunity, and secure a stronger pathway to the American Dream," said RSC National Security Task Force Chair Zach Nunn (IA-03).
"Like many parents, I often think about the financial future our children and grandchildren will inherit, and whether the American Dream will still be achievable," said Rep. Erin Houchin (IN-09). "Trump Accounts are a great investment and will give the next generation the financial foundation to secure their future. With these accounts, we are helping ensure America remains the land of opportunity for generations to come."
“Trump Accounts are about providing families and future generations a jumpstart on the American Dream and a financial stake in America. House Republicans’ Working Families Tax Cuts made it possible. This one-of-a-kind investment establishes a tax-free savings account for tomorrow’s leaders – setting up millions of children for success,” said Rep. Rick Allen (GA-12).
"Trump Accounts are a win for families in Northeast Florida and across the nation. Every child now has the chance to start investing early, to build a strong financial foundation, and to participate in America's prosperity. This historic initiative will change the trajectory of our nation and secure a brighter future for generations to come,” said Rep. Aaron Bean (FL-04).
“The Trump Tax Cuts are making a real difference for families this tax season. House Republicans secured policies that put more money back in parents’ pockets and help families plan for the future. Trump Accounts build on that success by giving parents a tax-free way to save for their children and the next generation. By encouraging early saving and long-term planning, these accounts help ensure kids have more opportunities as they grow, learn, and enter the workforce,” said Rep. Claudia Tenney (NY-24).
“The President’s 'Trump Accounts' are putting American families back in control of their financial futures. For too long, Washington has made it harder for parents to save, plan, and build long-term security for their children. This initiative reflects a commitment to empowering families and expanding opportunity for the next generation of American citizens,” said Rep. Diana Harshbarger (TN-01).
“Big things start with small steps. Trump Accounts invest in America’s next generation from day one—providing every child $1,000 into a professionally managed account that grows over time. I am proud to help champion immediate relief for parents and long-term opportunity for our children—and we are only getting started!” said Rep. Ashley Hinson (IA-02).
“Trump Accounts are the Left’s worst nightmare because they teach kids to be savers, investors, and owners. President Trump is jumpstarting the American Dream for millions of young people with a $1,000 investment account at birth. This is how we build wealth — not welfare,” said Rep. Andy Barr (KY-06).
“As a mom of three, I know how important it is for parents to plan for their children’s future—and how hard North Dakota families work to give their kids a strong start,” said Rep. Julie Fedorchak (ND-AL). "Trump Accounts make that planning easier by giving families a powerful new tool to build real, lasting financial security for the next generation. This program puts opportunity within reach and helps families start building good financial habits from day one, and I’m proud to have supported this effort to invest in America’s next generation.”
“President Trump is giving working- and middle-class families a leg up by investing in their children’s financial future. This is America First at its core,” said Rep. Lance Gooden (TX-05).
"President Trump and House Republicans are restoring financial hope for the next generation,” said Rep. John McGuire (VA-05). “With just a single $1,000 investment, the financial capital can grow to $5,800 by age 18, $17,000 by 27, nearly $200,000 by age 55, and proving that smart, pro-growth policies can turn a small start into lifelong opportunity and prosperity,” said Rep. John McGuire (VA-05).
“It doesn't matter whether you’re a Republican or Democrat, the Trump Accounts are a commonsense policy initiative for America’s sons and daughters,” said Rep. Michael Baumgartner (WA-05). “They keep the American Dream alive for our kids by giving every child a real stake in our economy and help families build the habit of saving for life’s biggest milestones: college, starting a business, or buying a home – while also strengthening long term investment in our communities.”
“During my time in office, I have championed pro-family policies that put Americans first,”said Rep. Daniel Webster (FL-11). “Because of the Working Families Tax Cuts that I voted to pass and President Trump signed into law, American families now have an innovative new tool to build long-term financial security for their children. Trump Accounts will give millions of American children a real opportunity to achieve the American Dream by building savings from the day they are born.”