President Trump has included a program to set aside $1,000 for each child, TAX-FREE.
This is so awesome.
WOW, THIS IS GENIUS! Not only does the Trump-backed tax bill eliminate taxes on tips and overtime, it also establishes “MAGA Savings Accounts” for American kids.
The “Money Account for Growth and Advancement” program will set aside $1,000 for each child, TAX-FREE.
WOW, THIS IS GENIUS! Not only does the Trump-backed tax bill eliminate taxes on tips and overtime, it also establishes “MAGA Savings Accounts” for American kids.
The “Money Account for Growth and Advancement” program will set aside $1,000 for each child, TAX-FREE. pic.twitter.com/xIlLotr59L
— George (@BehizyTweets) May 12, 2025
Here is more:
The “big, beautiful bill” that aligns with President Donald Trump‘s broader economic agenda and was unveiled by House Republicans on Monday includes a so-called “MAGA” savings accounts for kids.
Within the bill’s draft is the creation of “Money account for growth and advancement” accounts, or “MAGA accounts,” laying out a pilot program to launch the accounts with $1,000 each.