Ray Dalio and Treasury Promote 'Trump Accounts' for Child Donations

The Treasury is promoting a new investment account program, dubbed 'Trump Accounts,' aimed at encouraging families, employers, and philanthropists to contribute funds for children's future expenses, with the program launching before the midterm elections. Despite modest tax benefits and a projected $15 billion cost, the initiative seeks to increase investment among lower to middle-income families and involves contributions from various sources, including corporations and nonprofits, to support children's education and housing needs.