No, MAGA Is Not Falling Apart Because a Few Podcasters Did Not Get...
This Dem Senator Had the Dumbest Tweet About ICE Agents Working at Airports
This Murder of a US Student Is Getting Suffocated by the Media...Because It's...
The Latest Tweet From Taylor Lorenz Is...Mental Illness
Another Year of Absolute Mayhem in Daytona Beach
Mayhem: There's No Way ABC Executives Didn't Know About the Chaos Behind The...
Two-Fifths of American Women Want to Do What?
President Trump Deploys ICE to Help Clean Up the Airport Mess Democrats Have...
Socialism for the Rest of Us
Sen. Brian Schatz Is 'Serene' Amid Shutdown, but Not When It Comes to...
The Democrats' Plan for 2028 Is a Magical Misery Tour
From TSA Lines to the Ballot Box: Shutdown Could Haunt Democrats As GOP...
Another Antisemitic Attack in London Leads to Destruction of Volunteer Ambulances
LaGuardia Airport Closed Following Runway Collision Between Air Canada Flight, Port Author...
So About That 'Forever War'
Tipsheet

Tech Billionaire Drops $6.25 Billion Donation to Jump-Start Trump Accounts for 25 Million Kids

Tech Billionaire Drops $6.25 Billion Donation to Jump-Start Trump Accounts for 25 Million Kids
AP Photo/John McDonnell

The founder and CEO of Dell Technologies, Michael Dell, alongside his wife, Susan, and the Trump administration, announced a $6.25 billion donation that will go to benefit America's children. 

Advertisement

Trump's signature piece of legislation, the One Big Beautiful Bill, created savings accounts (Trump Accounts) for American children born in 2025, 2026, 2027, or 2028. These children will receive an initial $1,000 deposit from the government. Children not born during those years, and 10 or under, will receive a $250 deposit funded by the Dell's donation. 

Any child under 18 may have a Trump Account opened in their name, but all additional contributions must come from the child's family. Families contribute money that's already been taxed, but any earnings in the account won’t be taxed until they’re withdrawn.

Advertisement

President Donald Trump called the Dells’ gift “one of the most generous acts in the history of our country," and “a national opportunity for every family, regardless of income, to invest in their children’s future.” 

He said it would give children “a big jump on life, especially if we get a little bit lucky with some of the numbers.”

In the White House’s own analysis of the program, the President’s Council of Economic Advisers estimated that a baby born in 2026 would have $1,091,900 by the age of 28 if the child's family, parents’ employers, and others made the maximum allowable contributions of $5,000 a year to the accounts (assuming average stock market returns).

This could help address affordability challenges, from everyday living costs to paying for college.

Editor's Note: President Trump is leading America into the "Golden Age" as Democrats try desperately to stop it.  

Help us continue to report on President Trump's successes. Join Townhall VIP and use promo code FIGHT to get 60% off your membership.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement