#OneBigBeautifulBill The U.S. Congress passes the "Invest in America" bill.
Exactly one year from today, on the 250th birthday of the country, July 4, 2026, every American child will receive an investment account of $1,000 at birth, funded by the federal government.
Thanks to the "Invest in America" Act, which was passed by Congress earlier today. The bill was proposed by Republican Senator from Texas Ted Cruz, and in addition to the initial $1,000 from the federal government, it allows relatives, friends, and businesses to contribute up to $5,000 to each child's account. "Investments in the accounts can be placed in a broad, low-cost fund that tracks the S&P 500, growing tax-free until the individual reaches the age of eighteen," Cruz's website states. "Withdrawals after 18 will be taxed at the capital gains rate."
$USDT
