In a powerful endorsement of his signature “Trump Accounts” initiative, President Donald Trump today lavished praise upon technology magnate Michael Dell and his wife Susan Dell for their unprecedented philanthropic contribution.
The couple pledged nearly six-and-a-half billion dollars to seed investment accounts for young American children. This donation builds upon the foundation established by legislation signed under the One Big Beautiful Bill Act on July 4th, creating a national program dedicated to empowering future generations through financial education and opportunity.
“Michael and Susan, I want to thank you for this extraordinary act of kindness and charity,” Trump declared during his live announcement from the White House. “This is truly one of the most generous acts in the history of our country.”
The new initiative allows families earning up to $150,000 annually – a threshold President Trump highlighted today – to participate in tax-advantaged accounts for their children. These accounts offer substantial potential growth under typical stock market performance.
According to estimates from the White House Council of Economic Advisers, these strategically designed accounts could become immensely valuable assets over time. A baby born this year into such an account could potentially grow it to nearly $304,000 by age 18 and almost a million dollars at age 28 under maximum contribution scenarios.
“These tax-advantaged savings vehicles will fundamentally change how we think about investing for our nation’s children,” Trump stated. “They represent not just an investment in the future; they are tools to help empower parents, businesses, communities – everyone who wants to invest in the next generation.”
The program is expected to draw significant interest from corporate entities as well. The White House anticipates that many major companies will announce plans to contribute substantial matching funds for employees’ children.
“Michael and Susan have given us a tremendous example,” Trump added. “And frankly, they’ve inspired me myself – I’ll be contributing too.”
While the Dells’ donation provides seed funding for an additional 25 million accounts starting at $250 each, President Trump emphasized that this is just the beginning. He believes the program will generate hundreds of billions more in contributions from businesses and individuals nationwide.
“I think a lot of people are going to be contributing,” Trump predicted, “and they’ll leave it for their children’s futures.”
The initiative represents an innovative approach to long-term financial planning for American families across all income brackets.
