Ahhh and the government starts a new hyper inflation pyramid scheme. Wtf is with Republicans and all of these welfare handouts? There really is no difference in Republicans or democrats.
🚨 The “Big Beautiful Bill” includes a MAGA Baby Savings Account for Newborn Babies!
It aims to provide a financial head start for children by establishing investment accounts seeded with a one-time $1,000 federal contribution at birth.
Everything you need to know…
đź”´ Key Features of MAGA Savings Accounts:
The federal government would deposit $1,000 into a tax-advantaged savings account for each eligible child. The funds are intended to grow through investments, potentially in U.S. equities, until the child reaches 18.
Contributions: Parents, relatives, friends, or employers can contribute up to $5,000 annually per child using after-tax dollars. These contributions grow tax-deferred, but withdrawals are subject to capital gains tax.
đź”´ Usage Restrictions:
Funds cannot be accessed until the child turns 18.
At 18, up to 50% of the funds can be withdrawn for specific purposes: higher education, training programs, small business loans, or first-time home purchases.
At 25, the account holder can withdraw the full balance, but only for the same limited purposes.
đź”´ Tax Benefits:
The accounts are described as "exempt from taxation" in some sources, implying tax-free growth on investments, though withdrawals may incur capital gains tax. The structure resembles a Roth IRA or 529 plan but with unique restrictions.
đź”´ Eligibility
To qualify for a MAGA Savings Account, a child must meet the following requirements:
U.S. Citizenship: The child must be a U.S. citizen "at birth."
Social Security Number (SSN): The child must have an SSN, and at least one parent (or the taxpayer claiming the child as a dependent) must provide a work-eligible SSN. If the parent is married, their spouse may also need a work-eligible SSN.
Birth Date: The program applies to children born between January 1, 2025, and December 31, 2028, as part of a pilot program. Some sources mention an age cap, typically children under 8 years old at the program's start (January 1, 2026), though this varies across drafts.
Parental Option: Parents can accept or decline the account for their child.
Sounds like they are starting Social Security earlier. I bet it gets abused and bloated. It also sounds like what illegals get already... but they get it repeatedly. That's why illegals love to squeeze out as many babies as possible to replace our population. They are paid to give birth, then paid to raise them, so OVER $1000. But for you citizens? Here's $1000. Have a nice day.
How about just giving everyone a break and letting them have babies because they are free and happy? The extra $1000 will appear for everyone in their tax free paycheck.
If we go by the article, the parent don't get access to shit through the whole thing, realistically it seems the child only has access to this money for a limited amount of things as well.
Can't just take the money out and spend it on booze and drugs when you turn 18.
It seems its a government investment program into future tax payers.
I'm not sure I like it at all
Baby mama gets knocked up, they take some of my money and give it to the kid.
This is going in the wrong direction
Fine. Now give me back all the money that's been stollen from me through SS taxes, including Medicare.
Ahhh and the government starts a new hyper inflation pyramid scheme. Wtf is with Republicans and all of these welfare handouts? There really is no difference in Republicans or democrats.
Post -
🚨 The “Big Beautiful Bill” includes a MAGA Baby Savings Account for Newborn Babies!
It aims to provide a financial head start for children by establishing investment accounts seeded with a one-time $1,000 federal contribution at birth.
Everything you need to know…
đź”´ Key Features of MAGA Savings Accounts:
The federal government would deposit $1,000 into a tax-advantaged savings account for each eligible child. The funds are intended to grow through investments, potentially in U.S. equities, until the child reaches 18.
đź”´ Usage Restrictions:
Funds cannot be accessed until the child turns 18.
At 18, up to 50% of the funds can be withdrawn for specific purposes: higher education, training programs, small business loans, or first-time home purchases.
At 25, the account holder can withdraw the full balance, but only for the same limited purposes.
đź”´ Tax Benefits:
The accounts are described as "exempt from taxation" in some sources, implying tax-free growth on investments, though withdrawals may incur capital gains tax. The structure resembles a Roth IRA or 529 plan but with unique restrictions.
đź”´ Eligibility
To qualify for a MAGA Savings Account, a child must meet the following requirements:
U.S. Citizenship: The child must be a U.S. citizen "at birth."
Social Security Number (SSN): The child must have an SSN, and at least one parent (or the taxpayer claiming the child as a dependent) must provide a work-eligible SSN. If the parent is married, their spouse may also need a work-eligible SSN.
Birth Date: The program applies to children born between January 1, 2025, and December 31, 2028, as part of a pilot program. Some sources mention an age cap, typically children under 8 years old at the program's start (January 1, 2026), though this varies across drafts.
Parental Option: Parents can accept or decline the account for their child.
https://rumble.com/v6tlk8p-the-big-beautiful-bill-includes-a-maga-baby-savings-account-for-newborn-bab.html
https://x.com/MJTruthUltra/status/1924567191078289842
So on the face of it, welfare parasites and illegal scum seem to be excluded, am I wrong?
Sounds like they are starting Social Security earlier. I bet it gets abused and bloated. It also sounds like what illegals get already... but they get it repeatedly. That's why illegals love to squeeze out as many babies as possible to replace our population. They are paid to give birth, then paid to raise them, so OVER $1000. But for you citizens? Here's $1000. Have a nice day.
How about just giving everyone a break and letting them have babies because they are free and happy? The extra $1000 will appear for everyone in their tax free paycheck.
Better only be for babies whose parent(s) aren’t already receiving welfare and shit.
If we go by the article, the parent don't get access to shit through the whole thing, realistically it seems the child only has access to this money for a limited amount of things as well. Can't just take the money out and spend it on booze and drugs when you turn 18.
It seems its a government investment program into future tax payers. I'm not sure I like it at all
I've seen Trump reference "Big, Beautiful" a lot lately. I wonder if there are some sort of comms there?