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US President Donald Trump expects his erstwhile key supporter Elon Musk to donate his SpaceX stock to the “Trump Accounts.” Launched on July 4, this program offers US citizens born between 2025 and 2028 an initial government investment of $1,000 and allows for further business or individual donations. Trump, in an interview with CNBC that aired…
Last Updated:January 29, 2026, 12:05 AM IST Trump Accounts are savings schemes under Trump’s tax law, offering a $1,000 US Treasury deposit for every newborn whose parents open an account. US President Donald Trump (Photo: AP) US President Donald Trump has announced a new programme called Trump Accounts, which his administration says will help children…
A new federal programme under US President Donald Trump’s tax law aims to give every newborn a financial boost. Parents who open a “Trump Account” for their child will receive $1,000, which is invested in the stock market and can be accessed when the child turns 18. Parents of older children can also open accounts,…
Last Updated:December 03, 2025, 02:28 IST Each child will receive $250, and the government will add $1,000 for newborns under a new tax-deferred savings system. Donald Trump says the new tax law allows the government to seed each Trump Account with USD 1,000 for eligible newborns. (IMAGE: REUTERS FILE) US President Donald Trump on Wednesday…