A few months ago, my daughter’s Trump Account was seeded with an initial $1,000 investment. Along with millions of other children eligible for this pilot program, these funds give her a head start on the future. As bold letters headlining the Trump Accounts website said, “The American Dream Starts Now.” It’s a statement that’s hard to dispute.
These accounts will create countless opportunities and help millions achieve their dreams. There’s a reason this initiative has attracted widespread bipartisan support — it’s not easy to oppose building future wealth. But while it’s a good start, more action must be taken to effect real change. Lawmakers need to shift their focus toward another tax-advantaged account that is already in existence: education savings accounts or 529s.
