WASHINGTON, June 5 -- Sen. Chuck Grassley issued the following news release:
Q: How do the new Trump Accounts work?
A: The Working Families Tax Cuts Act signed into law last July 4 included a new investment benefit for U.S. citizens under age 18. Moms and Dads work tirelessly to provide for their families and make ends meet. Putting food on the table, filling the gas tank, paying for child care and pinching pennies to take a summer vacation make it challenging to budget for their own retirement, let alone their kids' long-term financial security.
The landmark tax law created tax-advantaged investment accounts to help build financial security for kids and foster financial literacy in the next generation. There's also an added benefit for ...