New Delhi: One of the most prominent leaders globally, Donald Trump came up with an initiative to give every newborn a financial boost under a new federal programme under US President Donald Trump’s tax law.

In the name of ‘Trump Account,’ every American child will receive $1,000, which will ultimately be invested in the stock market, and the child could only access the account when he/she turns 18. The parents of older children can also open accounts, but won’t get the benefit of the $1,000 bonus.

Interestingly, the babies born during Trump’s administration will only be eligible for the scheme. Trump’s government aims to ensure every child in the US receives a financial head start after he turns 18.

Eligibility of Trump Account?

*Child should be under 18 with a Social Security number

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