logo
Ted Cruz wants Uncle Sam to give each American baby $1,000

Ted Cruz wants Uncle Sam to give each American baby $1,000

Yahoo13-05-2025

Sen. Ted Cruz, R-Tx., has introduced a proposal for the federal government to provide $1,000 in an account for every American child.
The "Invest America Act" would create "a private tax-advantaged account with a $1,000 seed investment from the federal government for every American child at birth," according to a press release.
People would also be able to add funds to the account.
China Winning Ai Race Would Be 'Catastrophic,' Says Ted Cruz After Sam Altman Hearing
"Each Invest America account will be open to contributions from individuals, family members, friends, and businesses up to $5,000 annually," the release states. "The account investments can be placed in a broad, low-cost fund that tracks the S&P 500, growing tax-deferred until the individual reaches age 18. Distributions after age 18 would be taxed at the capital gains rate."
Cruz's proposal comes as the U.S. national debt is more than $36.2 trillion, and is likely to keep climbing.
Read On The Fox News App
Ted Cruz Mocks 'Crazy Town' Dems, As Maryland Senator Gets Defensive About Advocacy For Alleged Ms-13 Member
"Every child in America will have private investment accounts that will compound over their lives, enhancing the prosperity and economic participation of the vast majority of Americans. When people years from now talk about the changes created by Republican efforts this Congress, this is one of the landmark achievements they will talk about," Cruz said, according to the press release.
The House Ways and Means Committee is slated to markup "The One, Big, Beautiful Bill" on Tuesday. The legislation under consideration includes a pilot program for providing $1,000 in "MAGA accounts" for children born during a certain period of time.
No Millionaire Tax Hike In Trump's 'Big, Beautiful Bill'
"What is powerful is enabling every child in America to have an investment account and a stake in the American free enterprise system," Cruz noted, according to Semafor.Original article source: Ted Cruz wants Uncle Sam to give each American baby $1,000

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Legendary analyst has alarming déjà vu alert on Bitcoin
Legendary analyst has alarming déjà vu alert on Bitcoin

Yahoo

time38 minutes ago

  • Yahoo

Legendary analyst has alarming déjà vu alert on Bitcoin

Legendary analyst has alarming déjà vu alert on Bitcoin originally appeared on TheStreet. Wall Street legend Peter Brandt, who correctly predicted the S&P 500 rally, recently shared an alarming warning about the fate of Bitcoin. Brandt compared Bitcoin's price cycle over the past year to the 2011-22 cycle and wondered if the cryptocurrency is following the previous pattern and headed for a 75% correction. It seemed surprising to many members of the Crypto Twitter community that the asset that hit its all-time high (ATH) of $111,970.17 only on May 22 could be poised for a correction. Brandt's X post invited some curious and some mocking comments, but the veteran trader doubled down on his analysis. He shared his previous blog post dated Apr. 26, 2024, to claim that the king coin has fallen prey to what he calls "exponential delay" in bull cycles. Comparing the previous bull cycles during 2009-11, 2011-13, 2015-17, and 2018-21, Brandt wrote: 80% of the exponential energy of each successful bull market cycle has been lost. Bitcoin was trading around $64,000 when he wrote the post on Apr. 26, 2024. Since then, a whole lot of overwhelming developments have taken place, such as President Donald Trump announcing the creation of a strategic Bitcoin reserve, securities violations cases getting dropped against several leading crypto trading exchanges, etc. In fact, Bitcoin hit its new record high only last month. But such a positive turn of events didn't deter Brandt from sounding the alarm, as he seemed quite convinced of his analysis. As per Kraken's price feed, Bitcoin was trading at $108,577.02 at press time, only around 3% lower than its ATH. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing. Legendary analyst has alarming déjà vu alert on Bitcoin first appeared on TheStreet on Jun 10, 2025 This story was originally reported by TheStreet on Jun 10, 2025, where it first appeared.

Trump shows he called Newsom during LA riots as California gov claims there wasn't ‘even a voicemail'
Trump shows he called Newsom during LA riots as California gov claims there wasn't ‘even a voicemail'

New York Post

time39 minutes ago

  • New York Post

Trump shows he called Newsom during LA riots as California gov claims there wasn't ‘even a voicemail'

President Donald Trump hit back at Democratic Gov. Gavin Newsom's claims that the president did not recently call him, telling Fox News he spoke to the governor for about 16 minutes on Saturday. Trump told Fox News Tuesday while traveling to Fort Bragg, North Carolina, that Newsom did not pick up his first call over the weekend, but that he picked up the second call and the pair spoke for about 16 minutes on Saturday. 'I told him to, essentially, 'Get his ass in gear,' and stop the riots, which were out of control,' Trump said Tuesday. 'More than anything else, this shows what a liar he is – said I never called.' Trump provided a screenshot of the phone call dated June 7 at 1:23 a.m. White House director of communications Steven Cheung added in comment to Fox Digital Tuesday afternoon: 'The President called Gavin Newsom to tell him to get his ass in gear. The Governor has clearly decided to disgustingly side with the violent rioters instead of protecting Californians. The only liar here is Newsom who continues to fail his state as he prioritizes doing interviews with leftist media to gaslight the public instead of helping his state.' 4 US President Donald Trump speaks at Fort Bragg to celebrate the US Army's 250th anniversary at Pike Field at Fort Bragg, North Carolina, USA, 10 June 2025. STAN GILLILAND/EPA-EFE/Shutterstock Earlier Tuesday, Trump held an event addressing wildfire response and prevention from the Oval Office, where he fielded a handful of questions from the media regarding the ongoing anti-ICE riots in Los Angles, telling a reporter he spoke to Newsom 'a day ago.' 'A day ago. I called him up to tell him (he's) got to do a better job. He's done a bad job,' Trump said. In a response post on X, Newsom claimed Trump did not call him or leave a voicemail in the past day. 4 Trump announced Saturday that he was deploying 2,000 National Guard troops to help quell the violence. Toby Canham for NY Post 'There was no call. Not even a voicemail. Americans should be alarmed that a President deploying Marines onto our streets doesn't even know who he's talking to,' Newsom posted to X Tuesday afternoon, accompanied by video of Trump in the Oval Office. 'This call is from 3 days ago,' the governor's press office added on X following the White House's pushback on Newsom's claim that Trump did not call. Newsom's office added in an email to Fox News Digital Tuesday that: 'The Governor's comment is clearly in regards to the President's comment this morning of 'a day ago,'' adding that Newsom had already confirmed his Saturday phone call in a media interview on Sunday. 4 Gov. Gavin Newsom speaks during an address on Tuesday, June 10, 2025. AP Newsom spokesperson Izzy Gardon added in a comment to the Sacramento Bee Tuesday: 'I just personally looked through the governor's phone. No missed call. No voicemail. Nothing. The last time they spoke was Friday when the governor called him.' Los Angeles descended into violent riots Friday when federal immigration officials converged on the city to carry out raids targeting illegal immigrants. Local leaders such as Los Angeles Mayor Karen Bass and Newsom, however, quickly denounced the raids in public statements while offering words of support for illegal immigrants in the state. Protests over the raids soon devolved into violence as rioters targeted and launched attacks on federal law enforcement officials. 4 Serious disorder takes place in downtown Los Angeles hundredsof law enforcement are deployed as are National Guard. Toby Canham for NY Post Trump announced Saturday that he was deploying 2,000 National Guard troops to help quell the violence. The Trump administration also deployed hundreds of U.S. Marines to respond to anti-immigration chaos on Monday evening as the violence continued. 'If I didn't 'SEND IN THE TROOPS' to Los Angeles the last three nights, that once beautiful and great City would be burning to the ground right now,' Trump posted to Truth Social on Tuesday morning.

Fox News Multimedia Reporters
Fox News Multimedia Reporters

Fox News

timean hour ago

  • Fox News

Fox News Multimedia Reporters

The Fox News Multimedia Reporters is like no other program in the industry. Qualified candidates are positioned across the country to shoot, produce, edit, and report content for Fox News Media platforms. After two years of ongoing technical training, skill development, and mentorship, our reporters are positioned to become stronger journalists in the field. The Fox News Multimedia Reporters (MMR) is part of our company's ongoing mission to invest in talent. It was implemented in 2011 to build a pipeline for the next generation of skilled, hardworking multiplatform journalists. The Multimedia Reporters operate as one-person-bands with the ability to go live virtually anytime, anywhere. They are trained on top-of-the-line video equipment and streaming technology. Each day they gather news information, conduct live and taped interviews, write stories and deliver news reports on all Fox News Media platforms. Throughout this two-year experience, the reporters are provided with the tools, resources and guidance to develop a comprehensive skill set that prepares them for the future. The MMR program begins with an intensive week-long, hands-on technical training session at Fox News' New York City headquarters. The reporters are then dispatched to their locations where they receive daily guidance and feedback from management. We challenge the multimedia reporters to continually hone their journalistic skills and capabilities.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store