An interesting initiative has been proposed by US President Donald Trump. Now, he is setting his sights on American babies. According to the new bill, every American born between December 31, 2024, and January 1, 2029, will receive $1,000 from the US government in an investment account. What generosity!

On Monday, June 9, the president unveiled a new federal program that includes investment accounts deposited with $1,000 for American babies. This initiative will be funded by the US government.

The discussion of this program took place at the White House with the participation of CEOs from companies such as Uber, Goldman Sachs, and Dell Technologies. At this event, President Trump spoke about “Trump accounts”—investment accounts with tax-deferred payments tied to the stock market’s performance. "For every US citizen born between December 31, 2024, and January 1, 2029, the federal government will make a one-time deposit of $1,000," the president clarified.

These accounts will be managed by guardians. They will also allow additional private contributions of up to $5,000 per year. According to Trump, this is "a pro-family cause that will help millions of Americans harness the power of our economy to support the next generation."

This program received support from many of those present at the roundtable. CEOs of major companies such as Michael Dell, Dara Khosrowshahi from Uber, David Solomon from Goldman Sachs, and Vladimir Tenev from Robinhood promised to allocate billions to the accounts of their employees’ children. This was greatly appreciated by Trump, who praised the executives, calling them "the greatest business minds we have."

Citing House Speaker Mike Johnson, “This is a bold, transformative policy that gives the American child a financial advantage from day one.”

The program was approved by the House of Representatives as part of a broader budget bill. However, it was not supported by many Republicans in the US Senate. The accounts cannot be implemented as a separate program and are entirely dependent on the so-called "big, beautiful bill" proposed by Trump, which "is one of the most important pieces of legislation in US history."

However, there is a fly in the ointment. Last week, the Congressional Budget Office found that the bill would add $2.4 trillion to the US national debt over the next decade. At the same time, food assistance and Medicaid programs will be cut. The bill, passed by a majority in the House of Representatives, will leave 10.9 million Americans without healthcare by 2034.