{"id":2516670,"date":"2025-12-02T17:06:02","date_gmt":"2025-12-02T22:06:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cruz-and-booker-urge-fortune-1000-ceos-to-give-to-trump-accounts\/"},"modified":"2025-12-02T17:07:19","modified_gmt":"2025-12-02T22:07:19","slug":"cruz-and-booker-urge-fortune-1000-ceos-to-give-to-trump-accounts","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cruz-and-booker-urge-fortune-1000-ceos-to-give-to-trump-accounts\/","title":{"rendered":"Cruz and Booker urge Fortune 1000 CEOs to give to &#8216;Trump accounts&#8217;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcruz-and-booker-urge-fortune-1000-ceos-to-give-to-trump-accounts%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2516670&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Senators Ted Cruz (R-TX) and Cory Booker (D-NJ) jointly sent a letter to Fortune 1000 CEOs urging them to support and contribute to &#8220;Trump accounts,&#8221; officially called &#8220;Money Accounts for Growth and Advancement.&#8221; These <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republicans-to-introduce-bill-creating-roth-ira-style-savings-account-washington-examiner\/\" title=\"Republicans to introduce bill creating Roth IRA-style savings account - Washington Examiner\">tax-advantaged savings accounts<\/a>,funded by the government,will <a href=\"https:\/\/amzn.to\/3YuVZYV\" >provide children born<\/a> between 2025 and 2028 with a one-time $1,000 payment they can access at age 18. Contributions can be made by parents, family members, employers, and philanthropists, with employer contributions capped at $2,500 and excluded from employees&#8217; taxable income.<\/p>\n<p>The senators emphasized that fortune 1000 companies, including major employers like apple and Amazon, have a unique opportunity to help shape America&#8217;s financial future by championing these accounts. The initiative coincides with the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-met-by-genocide-joe-philadelphia-protesters-after-american-possibilities-speech\/\" title=\"Biden confronted by &#039;Genocide Joe&#039; protesters in Philadelphia following &#039;American possibilities&#039; speech.\">upcoming 250th anniversary<\/a> of the Declaration of Independence and aims to deliver lasting financial security and personal freedom for future generations.<\/p>\n<p>Following the senators&#8217; letter, Dell CEO Michael Dell and his wife announced a $6.25 billion donation to fund Trump accounts, which aligns with President Donald Trump&#8217;s advocacy for the programme as a pilot initiative to provide American children a strong financial start without taxpayer cost. The Trump account concept was incorporated into legislation introduced by Cruz, aiming to create transformative and lasting impacts on Americans&#8217; economic well-being.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Cruz and Booker urge Fortune 1000 CEOs to contribute to Trump accounts<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2421395\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Sen. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/ted-cruz\/\">Ted Cruz<\/a> (R-TX) and Sen. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/cory-booker\/\">Cory Booker<\/a> (D-NJ) wrote a letter on Monday to <em>Fortune<\/em> 1000 CEOs urging them to champion and contribute to &ldquo;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\">Trump<\/a> accounts.&rdquo;<\/p>\n<p>The &ldquo;Money Accounts for Growth and Advancement&rdquo; <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-live-trump-to-make-announcement-in-roosevelt-room\/\" title=\"WATCH LIVE: Trump to make announcement in Roosevelt Room\">tax-advantaged investment accounts<\/a>, commonly referred to as &ldquo;Trump accounts,&rdquo; provide children born between 2025 and 2028 with one-time, government-funded payments of $1,000 that they can use as a savings vehicle and access at age 18.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3904333\/catherine-cortez-masto-jeff-merkley-letter-scott-bessent-trump-face-coins\/\">Cortez Masto and Merkley urge Bessent to reject Trump&#8217;s face on &#8216;America 250&#8217; coins<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3904103\/john-thune-casts-doubt-ai-moratorium-white-house-gop-leaders\/\">Thune casts doubt on AI moratorium pushed by White House<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3903323\/texas-make-or-break-senate-map-2026-midterms\/\">Texas Senate race shapes up to be 2026 midterm barn burner<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>As it stands, parents, family, employers, and philanthropists can contribute to a child&rsquo;s Trump account until the child becomes a legal adult.<\/p>\n<p>The senators encouraged <em>Fortune<\/em> 1000 companies, which include major employers such as Apple and Amazon, to contribute to the accounts of their employees&rsquo; children. Employer contributions are limited to <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.whitehouse.gov\/wp-content\/uploads\/2025\/08\/Trump-Accounts-Give-the-Next-Generation-a-Jump-Start-on-Saving.pdf\">$2,500<\/a> and will not count toward the parents&rsquo; taxable income.<\/p>\n<p>&ldquo;I&rsquo;m proud to send a bipartisan letter with<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/SenBooker\"> @SenBooker<\/a> to Fortune 1000 CEOs, encouraging them to champion these accounts, and thereby to play an active role in shaping the coming decades of American life,&rdquo; Cruz <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/sentedcruz\/status\/1995672266915332554?s=46\">wrote<\/a> on X.<\/p>\n<p>The joint letter comes before the 250th anniversary of the signing of the Declaration of Independence.<\/p>\n<p>    <iframe loading=\"lazy\" class=\"scribd_iframe_embed\" title=\"Ted Cruz-Cory Booker letter to CEOs\" src=\"https:\/\/www.scribd.com\/embeds\/959786062\/content?start_page=1&amp;view_mode=scroll&amp;access_key=key-YxRlinCiMFmq1cZF2F1O\" tabindex=\"0\" data-auto-height=\"true\" data-aspect-ratio=\"0.7729220222793488\" scrolling=\"no\" width=\"100%\" height=\"600\" frameborder=\"0\"><\/iframe> <\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-size: 14px; line-height: normal; display: block;\"> <a title=\"View Ted Cruz-Cory Booker letter to CEOs on Scribd\" href=\"https:\/\/www.scribd.com\/document\/959786062\/Ted-Cruz-Cory-Booker-letter-to-CEOs#from_embed\" style=\"color: #098642; text-decoration: underline;\">  Ted Cruz-Cory Booker letter to CEOs <\/a> by <a title=\"View web-producers's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/701058553\/web-producers#from_embed\" style=\"color: #098642; text-decoration: underline;\"> web-producers <\/a> <\/p>\n<p>&ldquo;As America approaches the 250th anniversary of the signing of the Declaration of Independence, our nation will rightly celebrate and honor the principles that still define our country today,&rdquo; the joint letter reads. &ldquo;The company you lead has a unique opportunity to participate in this celebration. We encourage you to join us in this effort to deliver generational impacts for the financial security and personal freedoms of American citizens for generations to come.&rdquo;<\/p>\n<p>A day after the senators sent their joint letter to the companies, Dell CEO Michael Dell and his wife, Susan Dell, said they plan to <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3903649\/michael-susan-dell-donate-6-billion-fund-trump-accounts-25-million-children\/\">donate $6.25 billion<\/a> to help fund <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3435582\/trump-champions-1000-trump-accounts-babies\/\">Trump accounts<\/a>.<\/p>\n<p>The congressional push for the companies&rsquo; contributions to &ldquo;Trump accounts&rdquo; follows the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/google.com\/url?q=https:\/\/www.washingtonexaminer.com\/news\/white-house\/3435582\/trump-champions-1000-trump-accounts-babies\/&amp;sa=D&amp;source=docs&amp;ust=1764697097392010&amp;usg=AOvVaw1MoPjQL9LhDMjQ5-Xm29aK\">president&rsquo;s effort<\/a> in June, in which he touted the importance of the accounts to the leaders of major corporations in the United States.<\/p>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3903649\/michael-susan-dell-donate-6-billion-fund-trump-accounts-25-million-children\/\"><strong>DELL CEO DONATES OVER $6 BILLION TO FUND &lsquo;TRUMP ACCOUNTS&rsquo; FOR 25 MILLION CHILDREN<\/strong><\/a><\/p>\n<p>&ldquo;Trump accounts, as they call it, are a pilot program which will make it possible for countless American children to have a strong start in life at no cost to the American taxpayer,&rdquo; President Donald Trump stated. &ldquo;It&rsquo;s going to have a huge impact.&rdquo;<\/p>\n<p>The language for the Trump account was incorporated into the One Big Beautiful Bill Act, a month after it was first <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.cruz.senate.gov\/newsroom\/press-releases\/sen-cruz-introduces-the-invest-america-act\">introduced<\/a> by Cruz as the Invest America Act, as an initiative to bring &ldquo;fundamental and transformative changes for the financial security and personal freedoms of American citizens for generations.&rdquo;<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cruz and Booker ask Fortune 1000 CEOs to back Trump accounts<\/p>\n","protected":false},"author":4015,"featured_media":2516671,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/12\/image-collage-4l6cg1x5v-1764708685445.jpg?1764690769&amp;w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[16630,7268,4105,68082,68056],"class_list":["post-2516670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-booker","tag-ceos","tag-cruz","tag-fortune-1000","tag-trump-accounts"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/12\/image-collage-4l6cg1x5v-1764708685445.jpg?1764690769&amp;w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2516670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/4015"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2516670"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2516670\/revisions"}],"predecessor-version":[{"id":2516674,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2516670\/revisions\/2516674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2516671"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2516670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2516670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2516670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}