US EditionCruz Proposes Bill to Create Government-Funded Savings Accounts for U.S. Children
- Senator Ted Cruz introduced legislation called the Invest America Act, which aims to provide every child born from 2024 to 2028 with a $1,000 government-funded investment account at birth.
- The bill addresses ongoing declines in U.S. Birth rates, with just over 3.6 million births recorded in 2024 compared to nearly 4 million in 2014, and it gained approval as part of a budget proposal from the House tax and budget-writing panel.
- The accounts would invest seed money in a tax-deferred S&P 500 index fund, allow annual contributions up to $5,000, and permit withdrawals after age 18 taxed at capital gains rates.
- Cruz stated that the Invest America Act will bring about profound and lasting improvements to the economic stability and individual liberties of Americans, fostering greater prosperity and increased engagement across the country.
- The program could initially cost around $3.6 billion based on 2024 births and aims to offer a simple savings plan to address widespread financial insecurity and low household savings in the U.S.
44 Articles
44 Articles
The Truth Behind Trump’s MAGA Savings Plan: Who Gets the Money and Why
There’s a new proposal floating around in Congress that’s turning heads — and it has to do with giving newborns a financial boost right out of the gate. It’s called the MAGA Account, which stands for Money Account for Growth and Advancement. Whether you love or hate the name, the idea behind it is pretty simple: give kids a $1,000 head start to build on over time. Here’s what’s actually in the proposal, who qualifies, and why it matters. So, Wha…
Dallas News
New Hampshire Union LeaderTed Cruz: Investment accounts for newborns would make them into future capitalists
U.S. Sen. Ted Cruz, R-Texas, unveiled legislation that would create investment funds for American babies, seeded with $1,000 from the federal government.
Didn't Obama Try to Do This? Why Invest America Could Actually Work—and Change the Country
Back in 2014, President Obama proposed a program called MyRA. It was meant to help working Americans—especially those without access to a 401(k)—save for retirement. It was safe, backed by the Treasury, and structured like a Roth IRA. But it never really took off. Only about 30,000 people signed up before the program was shut down in 2017. Fast forward to 2025, and a new idea is gaining steam: the Invest America Act, introduced by Senator Ted Cr…
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