US President Donald Trump gives a thumbs up as he exits Marine One and walks to board Air Force One at Joint Base Andrews, Maryland, on June 6, 2025.
Key Points
CEOs are attending President Donald Trump’s roundtable event touting a program that would deposit $1,000 in investment accounts for newborn Americans.
The executives are expected to announce that they will collectively invest billions of dollars into the so-called Trump accounts for the children of their employees.
They include Dell’s Michael Dell, Dara Khosrowshahi of Uber, Goldman Sachs’ David Solomon, and Vladimir Tenev of Robinhood.
The CEOs of Uber, Dell
Goldman Sachs, Inc. A White House spokesperson showed Expressepaper that additional groups are anticipated to announce on Monday that they’ll together invest billions of dollars into so-referred to as Trump money owed for the children of their employees. During President Donald Trump’s roundtable event selling the eponymous pilot software, to be able to deposit $1,000 from the authorities into funding accounts for new Americans, the government is anticipated to make the commitments. The specifics of the incident were first reported on with the aid of NBC News. For the “Invest America” roundtable at the White House at 2 p.m., more than half a dozen business leaders are scheduled to appear. ET, the White House authentic told Expressepaper. They include:
- Michael Dell, founder and CEO of Dell Technologies
- Brad Gerstner, founder and CEO of Altimeter Capital
- Rene Haas, CEO of Arm Holdings
- Parker Harris, CTO of Slack and cofounder of Salesforce
- William McDermott, CEO of ServiceNow
- Dara Khosrowshahi, CEO of Uber
- David Solomon, chairman and CEO of Goldman Sachs
- Vladimir Tenev, cofounder and CEO of Robinhood
The provision to create the debts surpassed the House last month as a part of the large budget bill that the president is pushing Republicans to send to his desk earlier than the Fourth of July. The invoice is currently within the Senate, where some fiscally conservative Republicans are strongly opposing it and making significant adjustments. For U.S. Citizens born between January 1, 2025, and December 31, 2026, the program, which was previously known as “Money Accounts for Growth and Advancement” or “MAGA Accounts,” might deposit $1,000 into the authorities’ finances into index fund accounts. 31, 2028.
Additional contributions of as much as $5,000 consistent with the year are authorized inside the tax-deferred debts, which track the general stock market in the United States. The toddler’s guardians could receive the seed cash, on the way to be supplied with the aid of the Treasury Department. Once the beneficiary turns 18, the budget can be distributed. The pilot application is similar to different financial savings account alternatives that already exist, inclusive of 529 college savings plans, which have better contribution limits.
According to a few economic advisors, the investment incentives in the Trump administration may not be pleasant. “By delivering the biggest tax cuts in history, growing the child tax credit score, and developing this extremely good new “Trump Account” application, which will positioned the lives of young Americans at the proper financial route,” the One Big Beautiful Bill will change the lives of working, middle magnificence families throughout America! White House press secretary Karoline Leavitt informed Expressepaper in a statement.