News Analysis
The Republican reconciliation law, better known as the One Big Beautiful Bill Act, introduced Trump Accounts for newborns, which were previously dubbed “MAGA accounts,” or “Money Account for Growth and Advancement.”
Newborns to Get $1,000 ‘Trump Accounts’—Here’s How It Works
“It’s a pro-family initiative that will help millions of Americans harness the strength of our economy,” Trump said.
A child holds up an American flag as Republican presidential candidate and former President Donald Trump speaks during a campaign rally at Saginaw Valley State University in Saginaw, Mich., on Oct. 3, 2024. Jim Watson/AFP via Getty Images
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
