Trump's Billion-Dollar Baby Boost CEOs Line Up to Fund Future Gen!

Article Heading: 'Trump Accounts': President, CEOs to Promote Infant Savings Plans at White House

In a move poised to potentially reshape the financial future of American newborns, President Donald Trump hosted a roundtable event at the White House on Monday, gathering a cohort of prominent CEOs to champion a groundbreaking initiative: infant savings accounts, now dubbed “Trump Accounts.” The meeting saw significant commitments from corporate leaders to invest in the future of their employees' children.

A White House official confirmed to CNBC that the CEOs of industry giants like Uber, Dell, and Goldman Sachs are expected to collectively invest billions of dollars into these "Trump Accounts" for the children of their employees. This substantial financial backing signals strong corporate confidence in the program's potential.

The pilot program, a brainchild of the administration, aims to provide a significant head start for newborns. The government intends to deposit $1,000 into investment accounts for every American child born within a specific timeframe. This seed money is designed to grow over time, providing a financial cushion for future endeavors.

The "Invest America" roundtable featured an impressive roster of corporate leaders, demonstrating the breadth of support for the initiative. Attendees included:

• Michael Dell, founder and CEO of Dell Technologies
• Brad Gerstner, founder and CEO of Altimeter Capital
• Rene Haas, CEO of Arm Holdings
• Parker Harris, CTO of Slack and cofounder of Salesforce
• William McDermott, CEO of ServiceNow
• Dara Khosrowshahi, CEO of Uber
• David Solomon, chairman and CEO of Goldman Sachs
• Vladimir Tenev, cofounder and CEO of Robinhood

The initiative has already cleared a significant hurdle, having passed the House as part of a larger budget bill. This crucial piece of legislation is now before the Senate, where it faces scrutiny from fiscally conservative Republicans who are advocating for significant revisions. The bill's fate in the Senate remains uncertain.

House Speaker Mike Johnson, R-La., and House Ways and Means Committee Chairman Jason Smith, R-Mo., were present at the event, seated alongside President Trump and the participating CEOs. Their presence underscores the bipartisan interest, at least in the House, in exploring innovative approaches to financial security for future generations.

The program, previously known as "Money Accounts for Growth and Advancement" or "MAGA Accounts," proposes to seed index fund accounts with $1,000 in government funds for U.S. citizens born between Jan. 1, 2025, and Dec. 31, 2028. This targeted approach aims to provide a substantial boost to the financial well-being of a specific cohort of young Americans.

The "Trump Accounts" initiative represents a bold step towards empowering future generations with financial resources from birth. While challenges remain, particularly in securing Senate approval and navigating fiscal concerns, the program's potential impact on the lives of countless American children is undeniable. The collaboration between government and corporate leaders highlights a shared commitment to investing in the future and fostering a more secure financial landscape for all.

Tags: Uber CEO, Dell, Goldman Sachs, Trump, Investment Accounts, Michael Dell, Dara Khosrowshahi, David Solomon, Invest America, White House

Source: https://www.cnbc.com/2025/06/09/trump-accounts-uber-dell-ceo.html