#trump-child-savings-accounts

#trump-child-savings-accounts

"I said to [Office of Management and Budget Director Russell Vought], 'Don't send any money for daycare because the United States can't take care of daycare.' That has to be up to a state. We can't take care of daycare. We're a big country. We have 50 states. We have all these other people. We're fighting wars."

What makes the program tricky is that it blurs the party lines on school choice. It's not a traditional voucher. But opposition to any school choice policy is deeply ingrained for many Democrats. If governors opt in to the program, tax dollars will go toward private school tuition for children in their states, something many Democrats are uncomfortable with.

"It's the least conservative government of my lifetime." Wolfers, who the IMF once named one of 25 young economists in the world "shaping the way we think about the global economy," said that Trump's undermining of federal institutions' independence and propensity to insert himself in private sector decisions is reorienting the economy away from a productive and predictable path. The result, Wolfers warned, could be a generation of missed opportunities and lost growth.

Many of the [low-income earners] that I've talked to really want me to sit down and explain how it worked for them, because they've just been excluded from a system like this for their whole careers. They want to know what the catch is.

If something sounds too good to be true, a realist would suggest that's because it might be. When President Trump promised on the campaign trail to "end inflation," it might have been one of those moments. Economists may have been surprised by the campaign pledge because low, stable inflation is a symptom of a healthy economy. When consumers can expect relative price rises, they can plan their spending and saving accordingly, while businesses can also reasonably budget for increased costs.

Over the past few weeks, the White House has rolled out a blitz of proposals that sound more like something out of Bernie Sanders', Elizabeth Warren's, or Zohran Mamdani's offices than a Republican administration. Trump has called for institutional investors to be banned from buying single-family homes, and he's sought to block military contractors from undertaking stock buybacks and issuing dividends unless they step it up on production. He's also revived a pledge from the campaign trail to cap credit card interest rates at 10%.