U.S. Rep. Blake Moore used a Cache County Republican nominating convention on April 11 to praise one of Congress’ newest additions to the tax code: Trump Accounts for children. Speaking at Ridgeline High School in Millville, he said one of the most significant accomplishments of the 119th Congress was making the Trump tax cuts of 2017 permanent and creating what he called Trump investment accounts for younger Americans.
Moore cast the program as a “jump-start on savings for a lifetime” and tied it to the One Big Beautiful Bill, the measure Congress passed and President Donald Trump signed into law on July 4, 2025. Under the law, every American child born between Jan. 1, 2025 and Dec. 31, 2028 is eligible for a $1,000 U.S. Treasury contribution that is immediately invested in an indexed financial fund, with federal officials saying compound growth could raise that first deposit to an estimated half million dollars by retirement age.
The pitch comes at a moment when the program is already drawing early interest. In January of this year, Treasury Secretary Scott Bessent said approximately 500,000 Americans had elected to open Trump Accounts for their children by checking a box on Internal Revenue Tax Form 4547. The accounts are also open to any American under 18, not just newborns in the four-year eligibility window, and they can be filled out further by contributions from philanthropists, family members, friends, employers and states.
That wider support has started to show up around the country. Susan and Michael Dell contributed $6.25 billion to fund investment accounts for at least 25 million children ages 10 and under, and companies including Charles Schwab, Uber, the Bank of New York, Mastercard and Visa were said to be promising to match employee contributions to the accounts.
For Moore, the message also carried a political edge. The five-term Republican is facing opposition from within his own party in June, with Utah Rep. Karianne Lisonbee described as his most serious challenger and former U.S. Army combat engineer Colton Hatch also running as a Republican in new Congressional District 2. In that setting, Trump Account for Kids was not just a policy talking point but part of an effort to show conservative voters that the broader tax law has already produced something tangible for families.
