Fetterman says he'll open Trump Accounts for kids
Key takeaways
- John Fetterman (D-Pa.) on Monday said he would open accounts for all three of his children as part of President Trump s investment initiative.
- His three children will not qualify for the $1,000 seed funds from the Treasury but remain eligible for Trump accounts that receive contributions from parents, employers and certain qualifying philanthropic gifts.
- For example, the Michael & Susan Dell Foundation pledged to provide a $250 deposit for children aged 10 or younger if they live in a ZIP code with a median household income of $150,000 or less.
Why this matters: political developments that affect policy direction and public trust.
John Fetterman (D-Pa.) on Monday said he would open accounts for all three of his children as part of President Trump s investment initiative.
His three children will not qualify for the $1,000 seed funds from the Treasury but remain eligible for Trump accounts that receive contributions from parents, employers and certain qualifying philanthropic gifts.
For example, the Michael & Susan Dell Foundation pledged to provide a $250 deposit for children aged 10 or younger if they live in a ZIP code with a median household income of $150,000 or less. Dalio Philanthropies also committed to providing an additional $250 per child for approximately 300,000 children in Connecticut.