WASHINGTON—President Donald Trump held a high-profile business roundtable at the White House on Monday to highlight the “Invest America Act.”
The proposed legislation, introduced by Sen. Ted Cruz (R-Texas) would provide $1,000 in government-funded savings—dubbed “Trump Accounts”—for every American child born between Jan. 1, 2025, and Dec. 31, 2029, with money reclaimed from welfare reforms that eliminate “waste and fraud,” according to the president.
“It will make it possible for countless American children to have a strong start in life at no cost to the American taxpayer, absolutely no cost. It’s going to have a huge impact,” Trump said.
“It’s a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they’ll really be getting a big jump on life, especially if we get a little bit lucky with some of the numbers and the economies into the future,” Trump said....