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Bloomberg News
@bloomberg.com

Here's what to know about “Trump accounts” — and how they'd differ from 529s

bloom.bgHow ‘MAGA Accounts’ With $1,000 Savings for Babies Would WorkThe $4 trillion tax bill released May 12 by House Republicans, which sets the stage for a Congressional battle over President Donald Trump’s key economic legislation, includes an unusual provision: the creation of a new savings vehicle dubbed “MAGA accounts” that would be seeded with $1,000 for each American baby born in the next few years.

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