Summary
There is a disagreement between the White House and Michael and Susan Dell about a donation to the Trump Accounts. The White House says the Dells' $6.25 billion donation is additional to a $1,000 government contribution for children born between late 2024 and early 2029. The donation is meant to help children who don’t qualify for government funds.
Key Facts
- The White House says each American child born after December 31, 2024, and before January 1, 2029, will get a $1,000 government deposit in a Trump Account.
- Michael and Susan Dell announced a $6.25 billion donation, giving $250 each to children under 10 in select zip codes.
- There is a disagreement about whether the Dells' donation is separate from or in addition to the government funds.
- Trump Accounts are set to launch in July and aim to provide financial support to children.
- The government estimates Trump Accounts will generate strong returns over time.
- The Dells' donation targets children born before qualifying dates for government contributions.
- President Trump supports the initiative, highlighting potential long-term benefits.
