Washington, July 6 -- Congressman August Pfluger issued the following press release:
Today, Congressman August Pfluger (TX-11) celebrated the historic launch of Trump Accounts, made possible by 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.
Ahead of President Trump's State of the Union address earlier this year, ...