"More and more American companies are planning to invest in Trump Accounts. The accounts, set to launch in July, are a new investment account intended to help children grow wealth and to make capitalism cool again. And it comes with free money: If your baby is born between 2025 and 2028 and is an American citizen, the government will deposit $1,000 into the account. In addition to that, the Trump administration has also encouraged private companies to get involved and match the government's $1,000 contribution for their employees."
"Beginning in December and continuing through February, many companies - particularly banks and financial institutions - have announced they'll do just that. Under the law, companies can contribute up to $2,500 per year to employees' Trump Accounts. Here are some of the major companies that have announced that they'll contribute to their employees' children's Trump Accounts."
The accounts will launch in July as a new investment vehicle aimed at helping children build wealth and promoting capitalism. The federal government will deposit $1,000 into Trump Accounts for American citizens born between 2025 and 2028. The administration has encouraged private employers to match that $1,000 contribution for employees' children. Many companies, especially banks and financial institutions, announced matching commitments between December and February. Under the law, employers may contribute up to $2,500 per year to employees' Trump Accounts. Several major companies have publicly pledged to contribute to their employees' children's Trump Accounts.
Read at Business Insider
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