'Trump Accounts' for babies? New big, beautiful tax bill brings back ‘baby bonds’. Newborns could get $1,000

A Republican-led tax bill proposes giving every American baby born between 2025 and 2028 a $1,000 government-funded investment account — now dubbed a "Trump Account." Initially called a "MAGA Account," the savings plan sparked debate for its overt political branding and limited tax advantages. The renamed accounts are part of a broader $4 trillion fiscal package designed to showcase loyalty to Donald Trump while promoting early financial literacy. Experts, however, question the plans financial efficacy compared to existing savings options.