Republicans made their fealty to Expensive Chief painfully clear on Thursday, not simply by passing a damaging funds that rips well being care away from hundreds of thousands, however by renaming a child financial savings program in President Donald Trump’s honor.
This system was initially dubbed the “Money Account for Growth and Advancement”—“MAGA” for brief, clearly. It will let dad and mom open particular belief accounts for youths underneath 8 beginning in 2026.
Then got here the identify change. Apparently, “MAGA” wasn’t sufficient of a shrine. In a last-minute modification Wednesday evening, Republicans made their intentions unmistakable. The cash will now go into one thing referred to as a “Trump Account.”
However there are many strings hooked up. To qualify, the kid must be a U.S. citizen “at birth” and born between Dec. 31, 2024, and Jan. 1, 2029—conveniently timed with Republicans’ push to pressure folks to have extra kids whereas doing nothing to assist the mothers and households elevating these kids.
Republicans insist that is about encouraging childbirth and supporting households. However the actuality tells a special story. The incentives are laughably small, baby care is nonetheless unaffordable, and the GOP’s “One Big Beautiful Bill” is anticipated to jack up school prices for the very youngsters they’re supposedly championing. Let’s not neglect—it was Republicans who blocked the expanded baby tax credit score that saved households afloat throughout the pandemic.
As for the Trump accounts themselves, every eligible baby would obtain a one-time $1,000 deposit. They might even be invested within the inventory market—as a result of, apparently, one of the simplest ways to assist working households is to gamble their youngsters’ future on an financial system the president retains making an attempt to burn down.
“The Bill includes MASSIVE Tax CUTS, No Tax on Tips, No Tax on Overtime, Tax Deductions when you purchase an American Made Vehicle, along with strong Border Security measures, Pay Raises for our ICE and Border Patrol Agents, Funding for the Golden Dome, “TRUMP Savings Accounts” for new child infants, and far more!” the president bragged in a Thursday X publish.
The rebrand was tucked right into a late-night modification to the GOP’s funds behemoth—a fiscal monstrosity that fingers giveaways to the wealthy whereas gutting assist for everybody else. Home Republicans rammed it by Thursday morning, proper on cue after stress from Trump.
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Democrats noticed it for what it was. Throughout a listening to Wednesday evening, Rep. Joe Neguse of Colorado torched the transfer, declaring the absurdity of all of it.
“You all would be screaming bloody murder if we named savings accounts after Barack Obama,” he stated. “The new trust accounts for your children and grandchildren, ‘Obama accounts.’ I would love to see the reaction.”
Neguse didn’t cease there: “For all the talk of my colleagues not treating him like a king, it sure seems like you are attempting to do so.”
Certainly. Republicans are so determined for Trump’s approval that they’re plastering his identify on the whole lot. They’ve launched payments to put him on the $100 invoice, urged renaming Dulles Worldwide Airport after him, and even let him run for an unconstitutional third time period.
They’ve additionally entertained laws to assist his land-grab fantasies, together with buying Greenland, and one lawmaker even floated renaming the nation to “Red, White and Blueland.”
It’s pathetic and a clear ploy to earn favor with a person who would toss any of them apart with no second thought.
