President Donald Trump recently hosted a high-profile business roundtable at the White House, focusing on the proposed “Invest America Act.” This legislation, spearheaded by Senator Ted Cruz (R-Texas), aims to establish “Trump Accounts,” providing a $1,000 government-funded savings account for each American child born between January 1, 2025, and December 31, 2029.

The President asserted that the funding would come from welfare reforms designed to eliminate “waste and fraud.” He emphasized the initiative’s potential impact, stating, “It will make it possible for countless American children to have a strong start in life at no cost to the American taxpayer, absolutely no cost. It’s going to have a huge impact.”

Trump further described the act as a “pro-family initiative” intended to empower millions of Americans and boost the next generation’s economic prospects. He added, “They’ll really be getting a big jump on life, especially if we get a little bit lucky with some of the numbers and the economies into the future.”