Latest / The Most Important Question / TMIQ Today: Trump Accounts
Transcript
- 0:00[ on-hold music] Welcome back to The Most Important Question today, where in just a couple minutes or less, we apply the Actually Pro-Life Principles to a news headline and then help you answer the most important question, "What can I do?"
- 0:18[ on-hold music] In October, the president made a promise to every parent in America that every single eligible minor child in America was now automatically enrolled in a Trump account.
- 0:36Wow, seventy million kids. Here's the word doing all the work in that sentence: eligible. The account's real, though. Treasury says every eligible kid under eighteen with a Social Security number has one now. Great.
- 0:48But the one thousand dollars that Trump promised in the law he signed on July fourth, twenty twenty-five says who actually gets it, which is a child born after December thirty-one, two thousand twenty-four, or before January first, twenty twenty-nine.
- 1:01So if your kid was born in twenty twenty-four or any year before that, like yesterday, they have an account with their name on it, and Trump's money is zero. Here's the thing.
- 1:11We already know what works for kids 'cause we did it. In twenty twenty-one, which you might remember, the government expanded the child tax credit and paid half of it out in advance.
- 1:22The Census Bureau's count for child poverty that year, the one that counts tax credits as income, said it was five point two percent.
- 1:29And then we let the credit expire, and the next year it was twelve point four percent, more than doubled, and that is from the Census Bureau.
- 1:36Like a phoenix, though, that credit is pretty darn popular in Congress right now, and it is called the American Family Act.
- 1:42Rosa DeLauro introduced it back in twenty twenty-five with more than one hundred and ninety co-sponsors, but of course, it's sat in committee ever since. So here's the things to do.
- 1:52First, give to the National Diaper Bank Network because a diaper is what a baby needs tonight, and we have a huge shortage of them. Second, go vote in the midterms, please.
- 2:02Last, go to whatcanido.earth and tell your rep to move the American Family Act. [on-hold music] Thanks for listening.
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