{"id":2626285,"date":"2026-07-07T19:25:01","date_gmt":"2026-07-07T23:25:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tragic-tds-dem-lawmaker-from-one-of-poorest-districts-in-us-says-avoid-trump-accounts-that-could-give-poor-kids-250k-by-age-18\/"},"modified":"2026-07-07T19:27:15","modified_gmt":"2026-07-07T23:27:15","slug":"tragic-tds-dem-lawmaker-from-one-of-poorest-districts-in-us-says-avoid-trump-accounts-that-could-give-poor-kids-250k-by-age-18","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tragic-tds-dem-lawmaker-from-one-of-poorest-districts-in-us-says-avoid-trump-accounts-that-could-give-poor-kids-250k-by-age-18\/","title":{"rendered":"Tragic TDS: Dem Lawmaker from One of Poorest Districts in US Says Avoid Trump Accounts That Could Give Poor Kids $250k by Age 18"},"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\">48<\/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%2Ftragic-tds-dem-lawmaker-from-one-of-poorest-districts-in-us-says-avoid-trump-accounts-that-could-give-poor-kids-250k-by-age-18%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=2626285&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>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/americans-held-hostage-by-hamas\/\" title=\"Americans Held Hostage by Hamas\">provided content appears<\/a> to be a webpage featuring an article about the Trump Accounts initiative, a government program offering savings accounts for <a href=\"https:\/\/amzn.to\/3YuVZYV\" >children funded wiht seed money adn private contributions<\/a>.Democratic Rep. Bennie Thompson advises against opening these accounts, citing concerns over their association with Donald Trump, despite the accounts being designed as benefits for children.President Trump announced that over 6 million children have opened accounts, funded with a total of billions from various donors, including high-profile contributors like Michael Dell. The accounts aim to provide financial benefits that can be used for education, housing, starting businesses, or retirement once children turn 18, with penalties for improper withdrawals. The article criticizes thompson\u2019s opposition, highlighting the program&#8217;s potential benefits and the significant private sector support behind it.  <\/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\"><br \/>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><script>console.log(\"ad slot (REP_0)\")<\/script><script>console.log(\"ad slot (REP_1)\")<\/script><script>console.log(\"ad slot (REP_2)\")<\/script><\/p>\n<p>Democratic Rep. Bennie Thompson of Louisiana advised his constituents, and anyone else who will listen, not to open Trump Accounts, which are meant to benefit children.<\/p>\n<p>The accounts were authorized by a <a href=\"https:\/\/www.westernjournal.com\/big-beautiful-bill-alert-new-american-parents-baby-just-got-1000\/\" target=\"_blank\" rel=\"noopener\">provision<\/a> in last summer\u2019s \u201cBig Beautiful Bill\u201d that allows $1,000 in seed money for every American born between 2025 and 2028 for the benefit of the child when he or she reaches adulthood.<\/p>\n<p>But you have to open the account to receive the benefit.<\/p>\n<p>On Monday, President Donald Trump announced that over 6 million babies had accounts open for them, which were funded this week.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">FOR THE FIRST TIME FROM THE OVAL: President Donald J. Trump rings the NYSE and Nasdaq opening bell to officially launch <a href=\"https:\/\/t.co\/ku4KsB1uyD\">https:\/\/t.co\/ku4KsB1uyD<\/a>!<\/p>\n<p>Investing in America\u2019s next generation! \ud83d\udcb0\ud83c\uddfa\ud83c\uddf8 <a href=\"https:\/\/t.co\/Dp9u96cPlR\">pic.twitter.com\/Dp9u96cPlR<\/a><\/p>\n<p>\u2014 The White House (@WhiteHouse) <a href=\"https:\/\/x.com\/WhiteHouse\/status\/2074129641074201007?\">July 6, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/biden-announces-major-award-jan-6-committee-leaders-liz-cheney-bennie-thompson\/\" target=\"_blank\" rel=\"noopener\">Thompson<\/a>, who was chairman of the Jan. 6 committee and a critic of the president, posted Monday on social media: \u201cIt\u2019s safe to say, I would pass on a Trump account. Trump University already taught us what happens when his name is on the brochure. Does a $25 million settlement ring a bell?\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">It\u2019s safe to say, I would pass on a Trump account.<\/p>\n<p>Trump University already taught us what happens when his name is on the brochure. Does a $25 million settlement ring a bell? <a href=\"https:\/\/t.co\/ubClyrPPbq\">https:\/\/t.co\/ubClyrPPbq<\/a><\/p>\n<p>\u2014 Rep. Bennie G. Thompson (@BennieGThompson) <a href=\"https:\/\/x.com\/BennieGThompson\/status\/2074167515714916374?\">July 6, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Trump University was a failed venture that ran from 2005 to 2010. The program, which aimed to teach Trump\u2019s personal real estate and business strategies, was eventually shuttered.<\/p>\n<p>The president of course has had many successful business ventures, primarily through the Trump Organization\u2019s real estate investments, and his net worth is currently estimated at $6.5 billion, according to <a href=\"https:\/\/www.forbes.com\/sites\/danalexander\/article\/the-definitive-networth-of-donaldtrump\/\" target=\"_blank\" rel=\"noopener\">Forbes<\/a>.<\/p>\n<p>Why Thompson would advise parents not to open Trump Accounts is unfathomable. The Democrat represents one of the poorest districts in the country, with a per capita income of <a href=\"https:\/\/censusreporter.org\/profiles\/50000US2802-congressional-district-2-ms\/\" target=\"_blank\" rel=\"noopener\">$27,380<\/a> and a median household income of $47,495. \u00a0The national median household average is <a href=\"https:\/\/www.census.gov\/library\/publications\/2025\/demo\/p60-286.html\" target=\"_blank\" rel=\"noopener\">$83,730<\/a>.<\/p>\n<p>Nearly a quarter of the residents of Mississippi\u2019s second congressional district live below the poverty line.<\/p>\n<p>Treasury Secretary <a href=\"https:\/\/www.westernjournal.com\/watch-scott-bessent-torches-cnns-dana-bash-brings-bunk-statistics\/\" target=\"_blank\" rel=\"noopener\">Scott Bessent <\/a>told reporters in late May, \u201cTrump Accounts, I believe, are the most important benefit for young people since the GI Bill.\u201d<\/p>\n<p>\u201cNearly six million American children have been signed up already for <a href=\"https:\/\/trumpaccounts.gov\/\" target=\"_blank\" rel=\"noopener\">Trump Accounts<\/a>, which will launch on July 4th,\u201d he added. \u201cI would encourage all of you to go to TrumpAccounts.gov to sign up.\u201d<\/p>\n<p>The website has both a link to download the app, as well as access to online Form 4547 to start the account.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">.<a href=\"https:\/\/x.com\/SecScottBessent?\">@SecScottBessent<\/a>: \u201c<a href=\"https:\/\/x.com\/TrumpAccounts?\">@TrumpAccounts<\/a>, I believe, are the most important benefit for young people since the GI Bill. Today, the app is now available on all major platforms, bringing <a href=\"https:\/\/x.com\/POTUS?\">@POTUS<\/a>\u2018 vision directly to American homes.\u201d<\/p>\n<p>DOWNLOAD NOW: <a href=\"https:\/\/t.co\/WswVIB4Upz\">https:\/\/t.co\/WswVIB4Upz<\/a> <a href=\"https:\/\/t.co\/EUcQdhGeLM\">pic.twitter.com\/EUcQdhGeLM<\/a><\/p>\n<p>\u2014 Rapid Response 47 (@RapidResponse47) <a href=\"https:\/\/x.com\/RapidResponse47\/status\/2060061945194008680?\">May 28, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In December, Michael Dell, CEO of Dell Technologies, and his wife Susan <a href=\"https:\/\/www.westernjournal.com\/dell-ceo-announces-massive-donation-fund-trump-accounts-25-million-american-children\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> that they would be contributing $6.25 billion to the Trump Accounts of 25 million children.<\/p>\n<p>\u201cThrough our charitable funds, we are thrilled to be contributing $6.25 billion to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dell-ceo-announces-massive-donation-to-fund-trump-accounts-for-25-million-american-children\/\" title=\"Dell CEO Announces Massive Donation to Fund ...s for 25 ...\">seed 25 million additional accounts<\/a> with $250 each,\u201d they said. \u201cThese deposits will reach the accounts of most children age 10 and under who were born prior to the qualifying date for the federal newborn contribution.\u201d<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/12\/02\/michael-susan-dell-trump-accounts.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a> reported at the time that the Dells\u2019 contributions will go to ZIP codes with a median income of $150,000 or less.<\/p>\n<p>The accounts \u201cwill be open for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/big-beautiful-bill-alert-for-new-american-parents-your-baby-just-got-1000\/\" title=\"&#039;Big Beautiful Bill&#039; Alert for New American Parents: Your Baby Just Got ...000\">additional private contributions<\/a> each year from family, friends, parents, employers, churches, private foundations, and more,\u201d Trump pointed out in July 2025.<\/p>\n<p>Several other companies announced they will be making contributions to the Trump Accounts, including Visa, Comcast, Uber, and Charles Schwab, the White House <a href=\"https:\/\/trumpaccounts.gov\" target=\"_blank\" rel=\"noopener\">said<\/a>.<\/p>\n<p><a href=\"https:\/\/www.axios.com\/2025\/07\/07\/americas-newborns-trump-accounts\" target=\"_blank\" rel=\"noopener\">Axios<\/a> reported last summer that each child\u2019s account can take up to $5,000 in additional contributions each year, including up to $2,500 on a tax-free basis by a parent\u2019s employer.<\/p>\n<p>CNN\u2019s business reporter David Goldman noted on Monday, \u201cIf you do max out your contributions, you\u2019re talking about some really serious money \u2014 about a quarter million dollars by the time your child is 18.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">CNN with a breakdown of <a href=\"https:\/\/x.com\/TrumpAccounts?\">@TrumpAccounts<\/a>:<\/p>\n<p>\u201cIf you do max out your contributions, you\u2019re talking about some REALLY SERIOUS MONEY\u2014about a QUARTER MILLION DOLLARS by the time your child is 18.\u201d <a href=\"https:\/\/t.co\/4velN6E5ur\">pic.twitter.com\/4velN6E5ur<\/a><\/p>\n<p>\u2014 Rapid Response 47 (@RapidResponse47) <a href=\"https:\/\/x.com\/RapidResponse47\/status\/2074172553967333437?\">July 6, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>After the child reaches 18, the money can be used for college tuition or other schooling, a first home down payment, seed money to start a business, or retirement savings, among other things.<\/p>\n<p>If the money is withdrawn for non-authorized uses, there is a 10 percent penalty plus back taxes, presumably on capital gains, Goldman pointed out.<\/p>\n<p>Bennie Thompson is engaging in malfeasance by advising people not to open Trump Accounts. Time for him to put partisanship aside, for once.<\/p>\n<div style=\"background-color: #f7f7f7; color: #171717; display: flex;font-size: 16px;font-weight: 600;line-height: 1.5;margin: 24px 0;padding: 18px 20px 18px 30px;text-align: left;\">\n<div style=\"align-self: stretch;border-left: 3px solid #171717;flex-shrink: 0;padding-left: 20px;\"><\/div>\n<p><a style=\"text-decoration: none;\" href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.westernjournal.com\/\">Choose The Western Journal as your preferred source on Google and never miss reporting that defends truth, protects freedom, and advances Western civilization<\/a><\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey == typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts = { \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs = [ 'name', '', 'message' ];  \t\t\t\t\tfor( var i = 0; i < inputs.length; i++ ) if( ! 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Bennie Thompson of Louisiana urged people not to open Trump Accounts, designed to help children, despite their authorization in last summer\u2019s \u201cBig Beautiful Bill\u201d providing $1,000 seed money for births from 2025-2028<\/p>\n","protected":false},"author":1,"featured_media":2626286,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/07\/ben-net-2026-07-07T185850.801.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[82375,48675,82376,19688,82377],"class_list":["post-2626285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-demlawmakers","tag-politicalsatire","tag-poordistricts","tag-tds","tag-youthfunding"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/07\/ben-net-2026-07-07T185850.801.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2626285","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2626285"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2626285\/revisions"}],"predecessor-version":[{"id":2626289,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2626285\/revisions\/2626289"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2626286"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2626285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2626285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2626285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}