💨 Abstract

The House GOP, backed by President Trump, has proposed "Trump Accounts," where every baby born in the U.S. over the next four years would receive $1,000. This money would accrue interest until the child turns 18, with options to use it for home down payments, education, or starting a business. Critics like economist Darrick Hamilton argue this approach could increase wealth gaps and is insufficient to help poor families.

Courtesy: WTOP Staff