Karoline Leavitt gave a seven minute summary of key features in the OBBB that will put Trump’s mandate into actual law… but one detail needs more explaining.
Here is that summary of the big beautiful bill, and what it’s going to mean for the average American.
.@PressSec spends seven minutes listing the benefits of the One, Big, Beautiful Bill — making good on @POTUS‘s promises: Biggest tax cut ever. No tax on tips or overtime. Making border security permanent. Building the wall. Protecting Medicaid for American citizens. pic.twitter.com/4Zdb284iOI
— Rapid Response 47 (@RapidResponse47) May 19, 2025
But that’s only PART of the story. The rest of the story is the $1000 investment fund that every newborn with at least one American parent will get.
The press release giving details is part of the story. The compound interest working to set them up for a bright future with an education fund and money handy for a downpayment or launching a business could transform the country, and give newfound hope to those who think the system has failed them.
One step better: instead of creating a wave of graduates looking to milk the system, it’s been building a generation of people with skin in the game, who are participants in the system benefitting — regardless of zip code, religion, gender, or ethnicity — from the growth of the nation as a whole.
In stark contrast to Biden pandering to socialists looking for government handouts, this is fostering a generation of investors looking for a thriving business environment.
U.S. Sen. Ted Cruz (R-Texas) today introduced the Invest America Act. The bill establishes a private tax-advantaged account with a $1,000 seed investment from the federal government for every American child at birth.
Meanwhile, the bill made a major advance when the U.S. House of Representatives today released a version of Senator Cruz’s bill in the House Ways and Means Committee budget package.
Sen. Cruz said, “The Invest America Act will trigger fundamental and transformative changes for the financial security and personal freedoms of American citizens for generations. Every child in America will have private investment accounts that will compound over their lives, enhancing the prosperity and economic participation of the vast majority of Americans. When people years from now talk about the changes created by Republican efforts this Congress, this is one of the landmark achievements they will talk about.”
Brad Gerstner, Founder, Chairman, and CEO of Altimeter Capital, said, “Invest America accounts are central to the Main Street Agenda — pulling every kid off the sidelines and putting them squarely in the game. When everyone realizes they can be an owner, it unites our country around free-market principles and unleashes the next generation of American success. This progress would not be possible without Senator Cruz’s leadership.”
Michael Dell, Founder, Chairman, and CEO of Dell Technologies, said, “Invest America accounts put every child in the front row of our economy. When the power of compounding meets the energy of young minds, we’re not just growing portfolios—we’re fostering the next generation of builders, dreamers, and doers who will keep America leading the world.”
Read the bill text here.
BACKGROUND
Each Invest America account will be open to contributions from individuals, family members, friends, and businesses up to $5,000 annually. The account investments can be placed in a broad, low-cost fund that tracks the S&P 500, growing tax-deferred until the individual reaches age 18. Distributions after age 18 would be taxed at the capital gains rate.
