Trump plans to pay $ 1,000 to all Americans born during his term (and these billionaires want to help him finance)

Musk was, but part of American billionaires continues to support Donald Trump. Half dozen large bosses should announce this Monday, June 9 that will massively invest in their new project: “Trump accounts” for newborns.

According to the American Media CNBC, Michael Dell (Dell Technologies), David Solomon (Goldman Sachs), Dara Kosrowshahi (Uber) or Parker Harris (Slack) should participate in a round table organized in this regard in the White House.

According to a spokesman for the presidency, technological magnates or finance are expected to announce billions of dollars in Trump accounts for the children of their employees.

At the moment, this project has been adopted by the House of Representatives within a bill that provides significant tax cuts. Act described “as a disgusting abomination” by Elon Musk before his game of the Dux last week.

But the project has not yet been examined in the Senate, where the idea of ​​establishing “Trump accounts” is received with many networks by certain conservative republican elected officials, who expect massive budget cuts.

Not so innovative

Specifically, Donald Trump establishes the payment of a $ 1,000 egg nest by the government in “Trump accounts”, open for American citizenship babies, born between January 1, 2025 and December 31, 2028 (the duration of the presidential mandate), provided that their parents have a social security number. This could cost around 15 billion euros in the government, according to BFM commercial calculations (there are 3.6 million births per year in the United States).

These deferred tax accounts would follow the evolution of the stock market and could increase up to $ 5,000 per year by the children’s family. Objective shown: that accumulated capital finance studies or the purchase of real estate.

CNBC points out, however, that other savings accounts with similar characteristics already exist and even have higher contribution ceilings. Some states such as Connecticut and Colorado also abound as Donald Trump provides the accounts of these newborns.