A Wisconsin Republican bill at the state level would add on to a provision created in the “One Big Beautiful Bill.”
The program, now called “Trump Accounts,” would provide a one-time $1,000 federal payment to establish low-cost index funds tied to the U.S. stock market for any child born between 2025 and 2028.
The account would then convert into a traditional IRA when the child turns 18.
Republicans in Wisconsin, including State Representative Ron Tusler, say a proposed bill would require the state to match the $1,000 federal payment so that children born in Wisconsin between 2025 and 2028 will start with at least $2,000 in their accounts.
Tusler calls the bill a “brilliant way to encourage smart investing throughout our youth and set young people up for success.”
The source of extra money for the investment accounts was not mentioned in Tusler’s weekly update.
Trump Accounts have been backed by the president’s administration; however, some groups, including the writers of Time Magazine, say that the accounts will only benefit the ultra-wealthy.
