The ‘Trump accounts’ plan echoes a years-old proposal for ‘baby bonds’ introduced by New Jersey Sen. Cory Booker

The tax-deferred investment accounts will track the stock market for children born between 2025 and 2029

The Trump accounts are part of the major budget bill containing much of President Donald Trump’s agenda, which House Republicans passed last month.

President Donald Trump is set to host a roundtable at the White House Monday to promote a key feature of the sweeping Republican domestic policy bill – a provision that would provide every American newborn with a $1,000 investment account, a White House official confirmed to CNN.

Here’s how much parents of newborns can expect to see—and the bill taxpayers may foot—from the formerly named MAGA accounts.

Republicans portray those in poverty as lazy people who make poor decisions. They’re using that trope to justify huge cuts to the social safety net