{"id":45521,"date":"2026-07-16T13:18:39","date_gmt":"2026-07-16T13:18:39","guid":{"rendered":"https:\/\/financialrush.com\/?p=45521"},"modified":"2026-07-16T13:18:39","modified_gmt":"2026-07-16T13:18:39","slug":"irs-ceo-says-trump-accounts-could-reach-all-70-million-u-s-children","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=45521","title":{"rendered":"IRS CEO says Trump Accounts could reach all 70 million U.S. children"},"content":{"rendered":"

\n<\/p>\n

<\/p>\n
\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n

IRS CEO Frank Bisignano, who has been tapped to lead<\/a> the expansion of Trump Accounts<\/a>, told CNBC’s “Squawk Box” on Thursday that he expects every family could someday have one of the new tax-deferred investment accounts for children.<\/p>\n

“We have the ability to enroll people very simply, and I think the objective is to have 70 million children under 18 to have a Trump account,” Bigisnano said. <\/p>\n

So far, families have signed up<\/a> 6.5 million children, according to a July 10 tally from the U.S. Treasury Department.<\/p>\n

“We should have every family enrolled in a Trump account,” Bisignano said.<\/p>\n<\/div>\n

\n
\n
\n
\n

Read more CNBC personal finance coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n

Bisignano, who also serves as commissioner of the Social Security Administration, said he has met with CEOs of tax-preparation companies to discuss their capability to distribute Trump accounts. He also mentioned the potential for distribution through banks. <\/p>\n

“It’s a technology business, really, and I think we’re going to make it simple for people to enroll,” Bisignano said.<\/p>\n

He also pointed to financial incentives \u2014 including the $1,000 federal seed money for babies born between 2025 and 2028, matching funds from employers<\/a> and grants from philanthropists like Michael Dell \u2014 as a way to spur enrollment. “This is why I’m so confident about the 70 million ultimately,” Bisignano said. <\/p>\n

Earlier this month, Altimeter Capital CEO Brad Gerstner, who helped spearhead Trump Accounts, suggested during a CNBC appearance<\/a> that the government could automatically enroll eligible children. “I hope that over the course over the next few months we are going to be auto-creating, with the Social Security Administration, 70 million accounts for every kid under the age of 18,” he said.<\/p>\n<\/div>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"IRS CEO Frank Bisignano, who has been tapped to lead the expansion of Trump Accounts, told CNBC’s “Squawk…\n","protected":false},"author":3,"featured_media":45522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-45521","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investing","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/45521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45521"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/45521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/45522"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}