Newsom Pushes Trump Accounts for Kids | US News

California Governor Gavin Newsom is pushing families to enroll in a new federal program called Trump Accounts — a tax-advantaged savings plan that gives every child born between 2025 and 2028 a $1,000 seed deposit. Despite his history of suing the Trump administration, Newsom framed it as a bipartisan win and praised Senators Cruz and Booker for backing it. The initiative is already attracting big private investment, including from billionaire Michael Dell, and the Treasury will auto-create accounts starting in October. Newsom also promoted California’s own CalKIDS program, which has already hit one million enrollments, reminding parents that even a modest $1,000 can grow into serious wealth by adulthood. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/97cce02fdf6f02bd