This program was created as a result of Congressional Republicans passing the Working Families Tax Cuts Act last year.
By Cong. August Pfluger
Texas Insider Report: WASHINGTON, D.C. – On July 4th, Trump Accounts officially became available to Americans. This program was created as a result of Congressional Republicans passing the Working Families Tax Cuts Act last year.
A Trump Account is a new tax-advantaged investment account created for American children, established under the Working Families Tax Cuts Act.
Every eligible child born between January 1, 2025, and December 31, 2028, receives a $1,000 seed deposit from the U.S. Treasury to kick-start their account, with contributions from family, friends, and employers helping the fund grow tax-deferred over time.
Every eligible child born between January 1, 2025, and December 31, 2028, receives a $1,000 seed deposit from the U.S. Treasury to kick-start their account, with contributions from family, friends, and employers helping the fund grow tax-deferred over time.
In less than one week, families across the country have invested $125 million in America's newborn children. This is an incredible opportunity to set your child up for financial success, and I recommend taking advantage of the program.
- Download the Trump Account App on the Apple Store here
- or the Google Play Store here.
- For further information, please visit trumpaccounts.gov.
Pushing for Accountability and Deployment of BEAD
Last week, I questioned NTIA Assistant Secretary Arielle Roth on the Broadband Equity Access and Deployment Program (BEAD), focusing on efforts to reduce fraud and waste while ensuring taxpayer dollars reach the rural communities that need them most.
In my line of questioning, I raised concerns on behalf of domestic manufacturers who invested tens of millions to build American-made fiber capacity for BEAD projects, only to see promised supply commitments go unmet.
Assistant Secretary Roth acknowledged the issue and said the NTIA is actively monitoring the fiber supply chain.
- Watch my full line of questioning here.
Congressman August Pfluger represents Texas’ 11th Congressional District – which includes the cities of San Angelo, Llano, Brownwood, Granbury, Midland, Odessa, and much of the top Oil & Gas Producing Region in America, West Texas' Permian Basin. He also serves as Chairman of the House Republican Study Committee – the largest caucus of conservatives on Capitol Hill.
