We live in a world where words seem to speak louder than actions, where social media traffic outweighs actual outcomes, and fomenting chaos seems more important to many than finding solutions.
Amid this, the administration is soldiering on with its outcome-oriented domestic policies, often forgotten in the 21st-century social media swarm.
The “Trump Accounts” program remains a central pillar of the White House’s push to expand opportunity and build financial security for American children, and for good reason.
When President Trump created savings accounts for kids during the summer, critics jumped all over him for chasing cheap headlines instead of actually empowering families. They couldn’t have been more wrong. These “Trump Accounts” are a massive win for the next generation, as the past few have proven.
On December 2, tech titan Michael Dell and his wife, Susan, pledged a staggering $6.25 billion to the Trump Accounts. This money will benefit 25 million children under 10 years old. The way the accounts work, the money will be invested in the stock market, growing with the kids and giving them a foundation to build wealth for the rest of their lives. Before the Dell announcement, only kids born between 2025 and 2028 were guaranteed Trump Accounts with a starting balance of $1,000. Thanks to the Dells, millions of older kids will now get involved.
The Dell donation has flipped the script on the Trump Accounts. It especially emphasizes how useful they are for families who may otherwise struggle to save for their kids. It’s also worth acknowledging that the Dells aren’t the first to give generously to this cause.
In July, just days after the president signed the Trump Accounts into law, the broadband and cable company Charter Communications announced it would match the initial $1,000 donations for all the children of its American workforce. That’s more generous on a per-person basis than the Dells, who donated $250 to each of those 25 million kids. Regardless, Charter has given tens of millions of dollars to the next generation. And it could easily turn into hundreds of millions — if not billions — of dollars in new wealth as the stock market rises. This could transform those children’s lives.
Whether from companies like Charter or individuals like the Dells, such donations are a direct investment in America’s future. Every kid who gets a Trump Account is really getting a leg up in life. Most probably don’t come from generational wealth, but now they’re getting a taste of it. And all these kids will get an early lesson in the power of compounding interest — what some have called “the most powerful force on earth.” They don’t have to wait to open retirement accounts to see their money grow by leaps and bounds. By the time they turn 18, they’ll likely have already seen their savings surge.
These generous donations reflect the power of American philanthropy. The Trump Accounts are a government-run program, but the private sector is now helping them reach their full potential. A family like the Dells or a company like Charter has plenty of options for spending money. Tellingly, they’ve chosen to spend enormous sums giving back, recognizing that America gets even more than they give.
This is the real American spirit in action. Our country has thrived and reached unprecedented heights because individuals and private organizations have stepped up to tackle challenges and empower others. Often, they’ve partnered with the public sector, and while government efforts certainly help, community action has been the difference maker.
Trump Accounts are the latest proof. The president and Congress took a powerful and praiseworthy step when they created this program. Now, the private sector — through philanthropists and companies — is giving it lasting momentum.
Critics may have mocked the Trump Accounts at first, but now it’s time to celebrate their potential and ensure their success. Families are counting on it, and if history proves anything, it’s that American generosity will carry the day and carry our entire country forward.
Jared Whitley is a longtime politico who has worked in the U.S. Senate, White House, and defense industry. In 2024, he won the Top of the Rockies Best Columnist award.
Reprinted with Permission from DC Journal – By Jared Whitley
The opinions expressed by columnists are their own and do not necessarily represent the views of AMAC or AMAC Action.
The Trump accounts are a gift to future generations. The Dells and the Charter Company used their money for good. The billionaires, especially Soros, who support the democrats and the ultra left. They use their money to destroy America. We saw that clearly last night at the SOTUS. The democrats want the government to support the illegals over the American citizen. Not one democrat stood up. President Trump asked straight out please stand up if you believe the American govt should support Americans over the illegals. Senator Thune today didn’t know what to call it. They hate America, senator. By their choice not to stand up because they hate Trump but they hate America more. The president and we MAGA have known this for years now the American people know it too. If there was any doubt what the dems policy is last night the dems showed their true colors and it isn’t the Stars and Stripes. It’s the communist flag.
“… reflecting the power of American philanthropy.” Beautiful! That says it all. Best to get Doge involved to prevent thievery on this massive program.
That alone will give Democrats coronaries! They hate the nuclear family they have spent decades trying to destroy the family and convince people you don’t need a parent of each sex. Matter of fact they don’t even know what a woman is. Families are irrelevant the government will raise your children for you
Trump is the best president of my whole long life!
Too bad these accounts weren’t available when my kids were young (they’re over 50 now). Of course, there is something to be said for the struggle to succeed. Easy come, easy go can make people lazy.
Since the Democrats hate the Nuclear Family so much they won’t even hide it anymore perhaps now Thune and company will Nuke the so called Filibuster? Seems an appropriate response to me!
This is one area I think Trump made a mistake on. I just think there is too much room for fraud-like parents taking it over for their own gain.
Expand TAs nationwide
These accounts should have very, very strict limits on withdrawals, so kids can’t just go buy a new car when they turn 18! Unfortunately, dims will fall all over themselves providing exceptions to the rules to enable kids to withdraw “emergency” funds fir things like hangnails!
Not one of my favorite ideas. Without conservative oversight fraud is inevitable. This should shut up the 13% who whine about lack of generational wealth, assuming there is zero way they can ever touch it. Why sould my taxpayers dollars help the kids of lazy non working parents when i busted my hump to support my kid? No accounts for kids of welfare recipients or they’ll have even more kids! What happenif dems get back into power and change the rules?
Congress did a poor job of designing the Trump Account. Instead of just specifying that only USA citizens are eligible for the Account, they only require the child have a social security number. Also, they did not outline the details in how the account would be managed. Congress should have at least plagiarized the language from Section 529.
The possibility of getting employer matching contribution is a nice feature and is a good reason to contribute to the account up to the what is need to get the maximum match. However, with respect to after tax dollars, if you can afford it, a Section 529 account is a better option.