Trump Accounts launch, 'most important benefit since G.I. bill'
The Treasury Department has officially launched Trump Accounts, a program the administration hopes will boost financial literacy for coming generations and help teach the value of investment.
As of Saturday, July Fourth, the program has officially launched. Back in May, the Treasury rolled out an app for the program that users can download ahead of the official launch of the Trump Accounts.
More than 300 of the president’s supporters, including representatives from Microsoft, Meta, and several Republican economic interest groups, gathered for a reception in the Treasury Department’s Cash Room on Tuesday to toast the program and the president’s 2025 tax cuts.
Treasury Secretary Scott Bessent delivered brief remarks at the reception, where he claimed that the Trump Accounts are “the most important benefit for young people since the G.I. Bill,” earning a thunderous round of applause.
Conservative economists Stephen Moore and Arthur Laffer both spoke ahead of Bessent, the latter of whom jovially worked the room before speeches began while wearing red, white, and blue beads and a light-up star medallion.
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