IRS Chief Pushes to Enroll Every American Child in Trump Accounts
IRS CEO Frank Bisignano says the goal is to get all 70 million U.S. children under 18 into newly proposed Trump Accounts.
IRS Commissioner Frank Bisignano publicly declared Wednesday that the federal government's ambition is universal enrollment of American minors in so-called Trump Accounts, a savings initiative championed by the Trump administration. "We should have every family enrolled in a Trump Account," Bisignano said, framing the effort as a sweeping financial inclusion push targeting the nation's youngest residents.
Bisignano put a precise number on the administration's vision, stating the objective is to bring all 70 million children under the age of 18 into the program. The scale of that target would make it one of the largest government-led youth savings mobilizations in U.S. history, touching virtually every household with a minor child.
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The IRS chief's comments signal that the tax agency sees itself as a primary vehicle for rolling out the accounts, a notable expansion of the agency's traditional role as a revenue collector and enforcement body. Whether Congress would need to authorize the program's mechanics or fund any seed contributions remains an open question not addressed in Bisignano's remarks.
The push comes as the Trump administration seeks tangible domestic policy wins, and a universal child savings account carries broad political appeal across party lines — though details on contribution limits, tax treatment, and eligibility rules have yet to be publicly spelled out. Analysts will be watching whether the proposal moves from rhetorical ambition to formal legislation in the months ahead.
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