WASHINGTON, D.C. – Today, Independent Women released the following statements after praising the Trump administration’s newly announced proposal to establish ‘Trump Accounts’ for all newborns in the United States.
Carrie Lukas, president of Independent Women, said:
“The Trump administration is clear about its priorities: helping families with children prepare for a brighter future. Creating Trump Accounts for every child has the potential to do more than just change, not just individual children’s financial fortunes. It can reorient society so that we become a nation of savers. These accounts mean everyone will be vested in the fate of the economy and will witness how compound interest, coupled with additional savings, can lead to accumulation of real wealth and unlock opportunity.”
Patrice Onwuka, director of the Center for Economic Opportunity at Independent Women, said:
“Trump Accounts are a novel way of investing in America’s future. Every baby born gets a tax-advantaged account that she or he can use for education as an adult or save for retirement. For parents who can’t afford to save for their kids’ futures, this is a nice hand up.”
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