Ted Cruz wants Uncle Sam to give each American baby $1,000

Sen. Ted Cruz, R-Tx., has introduced a connection for the national authorities to supply $1,000 successful an relationship for each American child.

The "Invest America Act" would make "a backstage tax-advantaged relationship with a $1,000 effect concern from the national authorities for each American kid astatine birth," according to a press release. 

People would besides beryllium capable to adhd funds to the account.

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U.S. Sen. Ted Cruz, R-Texas, speaks during a roundtable treatment connected the "Take It Down Act" successful the Mike Mansfield Room astatine the U.S. Capitol connected March 3, 2025 successful Washington, D.C. (Kayla Bartkowski/Getty Images)

"Each Invest America relationship volition beryllium unfastened to contributions from individuals, household members, friends, and businesses up to $5,000 annually," the merchandise states. "The relationship investments tin beryllium placed successful a broad, low-cost money that tracks the S&P 500, increasing tax-deferred until the idiosyncratic reaches property 18. Distributions aft property 18 would beryllium taxed astatine the superior gains rate."

Cruz's connection comes arsenic the U.S. national debt is much than $36.2 trillion, and is apt to support climbing.

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"Every kid successful America volition person backstage concern accounts that volition compound implicit their lives, enhancing the prosperity and economical information of the immense bulk of Americans. When radical years from present speech astir the changes created by Republican efforts this Congress, this is 1 of the landmark achievements they will talk about," Cruz said, according to the property release.

The House Ways and Means Committee is slated to markup "The One, Big, Beautiful Bill" connected Tuesday. The authorities nether information includes a aviator programme for providing $1,000 successful "MAGA accounts" for children calved during a definite play of time. 

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"What is almighty is enabling each kid successful America to person an concern relationship and a involvement successful the American escaped endeavor system," Cruz noted, according to Semafor.