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At a roundtable discussion hosted by President Trump, CEOs from various companies will unveil plans to invest billions of dollars into "Trump Accounts" for employees' children. This pioneering initiative, launched by the Trump administration, aims to deposit $1,000 into investment accounts for every American newborn between January 2025 and January 2029. The proposal, currently under consideration in the Senate as part of a broader budget bill, seeks to revolutionize the financial futures of working-class and middle-class families and foster wealth accumulation among American youth. Initially funded by the government, these accounts offer tax-deferred earnings, and guardians have the option to contribute up to an additional $5,000 annually until the beneficiary reaches the age of 18, when withdrawals become available.
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