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Trump Accounts praised by Gov Wes Moore as child poverty solution
Fox News • • general
Key Points:
- Maryland Democratic Governor Wes Moore praised President Trump's new child investment accounts, likening them to "baby bonds" and highlighting their potential to reduce child poverty and the racial wealth gap.
- Moore acknowledged the policy as a rare bipartisan achievement, noting that previous administrations had failed to implement similar measures aimed at helping children build wealth over time.
- Despite his support for the savings accounts, Moore criticized other elements of the "Big Beautiful Bill" (H.R. 1), particularly tax cuts for billionaires and private plane owners, which he said undermine efforts to close the racial wealth gap.
- Moore emphasized that the child investment accounts would allow children to benefit from stock market growth, framing the policy as a way to make capitalism more inclusive and effective for all.
- The IRS clarified that the accounts are for U.S. citizen children under 18 with valid Social Security numbers, including a $1,000 pilot contribution for children born between 2025 and 2028.
