Close Menu
  • Breaking News
  • Business
  • Personal Finance
  • 2nd Amendment
  • Videos
  • Forum
  • More
    • Prepping & Survival
    • Health
    • Top Stocks
    • Stocks Portfolio

Subscribe to Updates

Get the latest news and updates directly to your inbox.

Popular Now
Accused anti-Israel arsonist turns himself in for allegedly torching 10 NYPD vehicles ahead of protest: feds Breaking News

Accused anti-Israel arsonist turns himself in for allegedly torching 10 NYPD vehicles ahead of protest: feds

By Dewey LewisJuly 21, 20250

NEWYou can now listen to Fox News articles! An accused anti-Israel arsonist has turned himself…

Southwest Airlines ditches decades-old open seating after years of holding out

Southwest Airlines ditches decades-old open seating after years of holding out

July 21, 2025
Cowboys star Micah Parsons retweets JJ Watt’s criticism of Jerry Jones after surprising jab

Cowboys star Micah Parsons retweets JJ Watt’s criticism of Jerry Jones after surprising jab

July 21, 2025
Watch All the Times Dems Touted Kamala’s Alleged McDonald’s Gig

Watch All the Times Dems Touted Kamala’s Alleged McDonald’s Gig

July 21, 2025
Facebook X (Twitter) Instagram
Trending
  • Accused anti-Israel arsonist turns himself in for allegedly torching 10 NYPD vehicles ahead of protest: feds
  • Southwest Airlines ditches decades-old open seating after years of holding out
  • Cowboys star Micah Parsons retweets JJ Watt’s criticism of Jerry Jones after surprising jab
  • Watch All the Times Dems Touted Kamala’s Alleged McDonald’s Gig
  • The Wearables Trap: How the Government Plans to Monitor, Score, and Control You
  • Organ donors’ lives endangered by rushed transplant procedures, investigation finds
  • Ex-Obama ‘Pod Save America’ aides give sarcastic response to Hunter Biden tirade
  • AstraZeneca to invest $50B in US economy by 2030
Facebook X (Twitter) Instagram LinkedIn VKontakte
Monday, July 21
Republican Investor
Banner
  • Breaking News
  • Business
  • Personal Finance
  • 2nd Amendment
  • Videos
  • Forum
  • More
    • Prepping & Survival
    • Health
    • Top Stocks
    • Stocks Portfolio
Subscribe
Republican Investor
You are at:Home » How the ‘big, beautiful bill’ gives American babies a financial head start for their future
Business

How the ‘big, beautiful bill’ gives American babies a financial head start for their future

Press RoomBy Press RoomJuly 21, 2025No Comments3 Mins Read
Facebook Twitter LinkedIn Tumblr Reddit WhatsApp
How the ‘big, beautiful bill’ gives American babies a financial head start for their future
Share
Facebook Twitter LinkedIn Pinterest Email

The One Big Beautiful Bill Act, recently signed into law by President Donald Trump, allows millions of babies born in the U.S. to receive a $1,000 “Trump Account.”

These accounts, which are created by the government for those under 18 years old, are designed to help young people start investing early.

“This will afford a generation of children the chance to experience the miracle of compounded growth and set them on a course for prosperity from the very beginning,” the White House said.

AMERICAN HOMEOWNERS AND FAMILIES GET RELIEF WITH THE ‘ONE, BIG BEAUTIFUL BILL’

Children born between Jan. 1, 2025 and Dec. 31, 2028 are eligible for a one-time $1,000 payment into their Trump Accounts, courtesy of the federal government. 

Parents and relatives can contribute up to $5,000 each year into the account until the child turns 18 years old. After 2027, the $5,000 number may be adjusted for inflation.

‘BIG, BEAUTIFUL BILL’ INCLUDES TAX BREAKS FOR TIPS AND OVERTIME: WHO BENEFITS?

Parents’ employers can also contribute, according to the bill.

The child can access the money, which must be invested in low-cost stock mutual funds or exchange-traded funds like the S&P 500, once they turn 18 years old.

US-POLITICS-TRUMP-DEPARTURE

A Social Security number is required to open an account, and only one account can be opened per child, according to the new law.

“This initiative gets at the core of binding those future generations to the benefits and the potential of America’s great companies and markets,” Goldman Sachs CEO David Solomon said in a statement. “Early childhood investments have far-reaching benefits, and Goldman Sachs is proud to support his initiative … Our economy’s future vitality is dependent on young people understanding the power of investing for the long term.”

Goldman Sachs CEO David Solomon

Ticker Security Last Change Change %
GS THE GOLDMAN SACHS GROUP INC. 708.26 +2.42 +0.34%

THE ‘BIG, BEAUTIFUL BILL’ REVERSES BIDEN-ERA POLICIES TO BOOST AMERICAN ENERGY DEVELOPMENT AND PRODUCTION

Trump signed the bill into law on July 4.

The bill includes key provisions that would permanently establish individual and business tax breaks included in Trump’s 2017 Tax Cuts and Jobs Act, and incorporates new tax deductions to cut duties on tips and overtime pay. 

Before signing the bill, the president said it would “fuel massive economic growth” and “lift up the hard-working citizens who make this country run.”

The White House did not immediately respond to FOX Business’ request for comment.

Fox News Digital’s Diana Stancy and Alexandra Koch contributed to this report.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleCowboys lineman Tyler Smith bangs drum on Super Bowl hype: ‘That’s always the expectation’
Next Article 6 swept over Oregon waterfall; 1 dead and 2 missing

Related Posts

Southwest Airlines ditches decades-old open seating after years of holding out

Southwest Airlines ditches decades-old open seating after years of holding out

July 21, 2025
AstraZeneca to invest B in US economy by 2030

AstraZeneca to invest $50B in US economy by 2030

July 21, 2025
Airline considering bigger bonuses for staff who spot oversized bags

Airline considering bigger bonuses for staff who spot oversized bags

July 21, 2025
Over 5M swimming pools sold at major retailers recalled after reports of 9 deaths

Over 5M swimming pools sold at major retailers recalled after reports of 9 deaths

July 21, 2025
Obama Foundation adds outgoing Ford Foundation president to board of directors

Obama Foundation adds outgoing Ford Foundation president to board of directors

July 21, 2025
Who is Andrew Cabot? The husband of Astronomer’s HR chief and head of Privateer Rum

Who is Andrew Cabot? The husband of Astronomer’s HR chief and head of Privateer Rum

July 21, 2025
Add A Comment
Leave A Reply Cancel Reply

Follow us
  • Facebook
  • Twitter
  • Instagram
  • Pinterest
Highlights
Southwest Airlines ditches decades-old open seating after years of holding out Business

Southwest Airlines ditches decades-old open seating after years of holding out

By Press RoomJuly 21, 20250

Southwest Airlines has announced a major change coming to its current seating system. The Texas-based…

Cowboys star Micah Parsons retweets JJ Watt’s criticism of Jerry Jones after surprising jab

Cowboys star Micah Parsons retweets JJ Watt’s criticism of Jerry Jones after surprising jab

July 21, 2025
Watch All the Times Dems Touted Kamala’s Alleged McDonald’s Gig

Watch All the Times Dems Touted Kamala’s Alleged McDonald’s Gig

July 21, 2025
The Wearables Trap: How the Government Plans to Monitor, Score, and Control You

The Wearables Trap: How the Government Plans to Monitor, Score, and Control You

July 21, 2025

Subscribe to Updates

Get the latest news and updates directly to your inbox.

About
About

Republican Investor is one of the top news portals to cover business, personal finance and second amendment news, follow us to get the latest news.

We're social, connect with us:

Facebook X (Twitter) Instagram LinkedIn VKontakte
Popular Posts
Accused anti-Israel arsonist turns himself in for allegedly torching 10 NYPD vehicles ahead of protest: feds

Accused anti-Israel arsonist turns himself in for allegedly torching 10 NYPD vehicles ahead of protest: feds

July 21, 2025
Southwest Airlines ditches decades-old open seating after years of holding out

Southwest Airlines ditches decades-old open seating after years of holding out

July 21, 2025
Cowboys star Micah Parsons retweets JJ Watt’s criticism of Jerry Jones after surprising jab

Cowboys star Micah Parsons retweets JJ Watt’s criticism of Jerry Jones after surprising jab

July 21, 2025
Latest News
Watch All the Times Dems Touted Kamala’s Alleged McDonald’s Gig

Watch All the Times Dems Touted Kamala’s Alleged McDonald’s Gig

July 21, 2025
The Wearables Trap: How the Government Plans to Monitor, Score, and Control You

The Wearables Trap: How the Government Plans to Monitor, Score, and Control You

July 21, 2025
Organ donors’ lives endangered by rushed transplant procedures, investigation finds

Organ donors’ lives endangered by rushed transplant procedures, investigation finds

July 21, 2025
Copyright © 2025. Republican Investor. All rights reserved.
  • Privacy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.