Report: 'Trump accounts' for newborns could grow to $1.9M
The Treasury assessment found that if a maximum contribution is made each year on the child's birthday through age 17 the account could grow to between $191,500 and $676,400. The money can't be used until the individual turns 18. A child's Social Security number has to be provided in order for parents to sign up.
The current law applies to children born between January 1, 2025 and December 31, 2028. Democrats have raised concerns about the program due to a comment uttered Wednesday by Treasury Secretary Scott Bessent. 'In a way, it is a back door for privatizing Social Security,' Bessent said at an event hosted by Breitbart News.
'If, all of a sudden, these accounts grow and you have in the hundreds of thousands of dollars for your retirement, that's a game-changer, too,' he added. On Thursday, Senate Minority Leader Chuck Schumer gave a floor speech on the matter.
'Yesterday, the Trump administration did something they rarely do – they told the truth. It wasn't Donald Trump, but it was one of his minions. They told the truth,' the New York Democrat said. 'The Trump administration, in this case, was talking about wanting to privatize Social Security.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
30 minutes ago
- Daily Mail
What you need to do NOW to sell your home... and find a new property for 2026
Selling your home can be a headache - from finding a real estate agent, to listing the property, and finding somewhere else to live, many sellers may be wondering where to even start. The truth is - you don't need a degree or copious amounts of cash to prepare your home for the market. Joey Bordi, the senior designer and project manager for City Real Estate, a firm based in San Francisco, California, spoke exclusively with Daily Mail, revealing the easy and even free tips that sellers can do to get their home in tip-top shape. As a designer and project manager, Bordi works with real estate agents to prep their listings to reach maximum value. He said one of the worst mistakes sellers can make is keeping their home hyper-personalized, making it impossible for a buyer to envision themselves there. 'Your home is your safe space and you should live in your home how you want to, but when you're going to sell it, it really needs to be palatable to the widest reach of buyers,' he said. Bordi advised keeping the home as empty as possible and sticking to a neutral color palette so that potential buyers can envision themselves living in the space. He gave the example of a green couch - someone may love the concept of a bold color for their sofa, but if a potential buyer hates green, that may be all they remember from the viewing. 'If it's a neutral palette - it's aspirational living,' Bordi explained. Keeping the décor simple so that buyers can picture their own style and furniture in the space can help them envision themselves living there. Personalized decorations, including family photos, kids' drawings, and unique styles, make potential buyers feel like they're walking into someone else's home instead of seeing their future home. 'Buyers don't want to feel like they're intruding on your family memories,' Bordi advised. 'Think model home, not a walk down memory lane.' Staying true to the bones Bordi cautioned that there isn't a one-size-fits-all for prepping your home, and sellers can best maximize their property's value by staying true to its architecture. Selecting a design that meshes well with the home's style makes it more cohesive. Modern finishes and designs may look amazing in a contemporary home, but can be an eyesore in an older house. Painting everything white may be the first instinct when making a home more versatile; however, it can hide certain homes that have unique character. 'If you have beautiful woodwork, paint the walls white, but don't paint the trims and the moldings,' Bordi said. 'We always leave those untouched and give that option to the new buyer.' The designer also warned against black finishes. It may seem like an easy way to update a space, but it can be a mistake. 'Black is a timeless finish. But I think it could go wrong really fast if it's done incorrectly,' Bordi said. 'Just because something's new and trendy, it might not work in your classic home or your hyper-modern home.' Sleek, modern styles have become a popular trend in interior design. Minimalist decorations, glossy furnishings, and sharp lines have recently risen to prominence. However, Bordi said the trend is on the decline and more sellers are opting not to decorate traditional spaces with hyper-modern furniture. He explained that the design is great for certain clients, but doesn't appeal to the masses. A space needs to invite potential buyers, and modern pieces may deter certain individuals from envisioning themselves in the space. More expensive isn't always better Bordi emphasized that opting for the more expensive improvement won't always pay off in the long run. He explained that picking materials for a home remodel should match the home's value. If the materials outvalue the home and the buyer doesn't like the renovation, it could end up being a waste of money for the seller. Bordi clarified that multi-million-dollar homes should have high-quality materials to match their worth, but modest homes don't need that level of investment. If a homeowner wants to renovate a home to live in it forever, Bordi advised going all out, but those who are planning to sell should purchase materials modestly. The designer revealed that two of the biggest mistakes he sees sellers make are focusing on the wrong areas and spending too much money. 'Kitchens and baths sell homes,' Bordi emphasized, adding that these areas should be the homeowner's primary focus when preparing their homes to sell at maximum value. Picking a realtor It may seem like the hard work is done once a home is in tip-top shape, but it's just getting started. Finding a realtor to put a home on the market is no easy feat. Bordi said that the first red flag homeowners should look for when choosing a realtor is a 'yes man'. He cautioned that the best agent will be honest about the improvements that need to be made instead of promising off the bat that the home will sell. Bordi also pushed homeowners to do their research and meet with multiple brokers and compare notes. If three experts say your kitchen needs a renovation, your kitchen needs a renovation, he said. Lastly, and perhaps most simply, he said to tap into your network, reach out to friends, colleagues, and family members for recommendations on the best agents. Joey Bordi's top tips for homeowners Joey Bordi, a project manager and in-house designer for City Real Estate, a firm based in San Francisco, California, shared his must-do tips for homeowners preparing to sell their homes. Scenario 1: Homeowners living in the home during the selling process (no-cost improvements) Depersonalize - Hide the family tree We know you love your kids' school photos and your wedding collage, but buyers don't want to feel like they're intruding on your family memories. Remove personal photos, diplomas, and any overly specific décor. Think model home, not a walk down memory lane. Bathroom detox Toothbrushes, razors, and shampoo bottles everywhere? Tuck them away. Clear off counters and showers completely to transform bathrooms into spa-like retreats, not a chaotic morning rush. Declutter like a minimalist on a mission Buyers will open your cabinets and closets. If they're stuffed to the brim, it suggests a lack of space. Clear out your closets to 50 percent capacity, tidy up the garage, and leave room to showcase the storage potential. Clean like you mean it Under the sofa. Inside kitchen drawers. Behind the toilet. Now's the time for a deep clean, like your in-laws are coming for a white-glove inspection. A spotless home signals pride of ownership, and that's priceless to a buyer. Power wash the first impression Before stepping into your home, buyers will see your driveway. Power wash the walkways, patios, and garage to make everything look fresh and new. Clean windows (inside and out) flood your space with light and instantly elevate the mood. Scenario 2: Homeowners living in the home during the selling process (minimal cost improvements) Fresh coat of paint A fresh coat of paint works wonders - it brightens rooms, neutralizes odors (goodbye curry smell), and adds a crisp, clean feel. Don't forget the exterior - a pop of color on the front door or window trims can do wonders for curb appeal. Light it up Outdated lighting fixtures? Swap them out for modern styles to make your home feel updated instantly. Bonus points for bright, warm bulbs that help set the mood during showings. Curb appeal starts with mulch No need for a full garden overhaul to impress. Trim hedges, mow the lawn, and add a fresh layer of mulch to flower beds. First impressions start at the sidewalk, and a little effort goes a long way. Bloom B=boosters Fresh flowers can make a space feel luxurious and welcoming. A simple bouquet on the coffee table or kitchen island adds color and life to the space - it's a small touch that makes a big impact. Scenario 3: Owners have moved out, home is empty (low-cost improvements) Paint inside and out Neutrals are your best friend. A fresh coat of soft, versatile paint refreshes the space and creates a cohesive feel. For the exterior, a fresh coat on the trim or siding can significantly boost curb appeal. Give floors a glow-up Worn-out carpet dragging the vibe down? Replace it, or refinish hardwood floors for a polished look. Clean, well-maintained floors show that the home is move-in ready and cared for - buyers will notice. Kitchen & bath facelifts (without the full renovation) No need for a full remodel - just update the finishes. New cabinet hardware, modern faucets, sleek lighting, and affordable quartz countertops can take your kitchen and bathrooms from outdated to stunning. These are the key rooms, so make them shine. Landscape like you mean it Crisp lawns, vibrant flowers, and well-maintained hedges help create a welcoming outdoor space. Whether it's morning coffee on the porch or weekend BBQs in the yard, buyers want to envision a lifestyle. Thoughtful landscaping helps them do just that.
The Guardian
30 minutes ago
- The Guardian
‘He has trouble completing a thought': bizarre public appearances again cast doubt on Trump's mental acuity
Donald Trump's frequently bizarre public appearances, which this month have seen the president claim, wrongly, that his uncle knew the Unabomber and rant unprompted about windmills on his recent trip to the UK, have once again raised questions about his mental acuity, experts say. For more than a year Trump, 79, has exhibited odd behavior at campaign events, in interviews, in his spontaneous remarks and at press conferences. The president repeatedly drifts off topic, including during a cabinet meeting this month when he spent 15 minutes talking about decorating, and appears to misremember simple facts about his government and his life. During his presidency, Joe Biden was subjected to intense speculation over his mental acuity – including from Trump. After Biden's disastrous debate performance in June 2024, when he repeatedly struggled to maintain his train of thought, scrutiny over Biden's fitness eventually led to him not running for re-election. Trump, however, has largely been saved the same examination, despite examples of confusion and unusual behavior that have continued throughout his second term and were on full display on his recent trip to the UK. Over the weekend Trump, during a meeting with the European Commission president, Ursula von der Leyen, abruptly switched from discussing immigration to saying this: 'The other thing I say to Europe: we've – we will not allow a windmill to be built in the United States. They're killing us. They're killing the beauty of our scenery.' Trump proceeded to speak, non-stop and unprompted, for two minutes about windmills, claiming without evidence that they drive whales 'loco' and that wind energy 'kills the birds' (the proportion of birds killed by turbines is tiny compared with the amount killed by domestic cats and from flying into power lines). The abrupt changes in conversation are an example of Trump 'digressing without thinking – he'll just switch topics without self-regulation, without having a coherent narrative', said Harry Segal, a senior lecturer in the psychology department at Cornell University and in the psychiatry department at Weill Cornell Medicine. For years, Trump has batted away questions about his mental acuity, describing himself as a 'stable genius' and bragging about 'acing' exams – later revealed to be very simple tests – which check for early signs of dementia. But Democrats have begun to more aggressively question the president's fitness, including Jasmine Crockett, the representative from Texas, and California's governor, Gavin Newsom, and this week alone offered multiple examples of Trump exhibiting odd conduct. Asked about the famine in Gaza on Sunday, Trump seemed unable to remember the aid the US has given to Gaza, and forget that others had also contributed. Trump claimed the US gave $60m 'two weeks ago'. He added: 'You really at least want to have somebody say thank you. No other country gave anything. 'Nobody acknowledged it, nobody talks about it and it makes you feel a little bad when you do that and you know you have other countries not giving anything, none of the European countries by the way gave – I mean nobody gave but us.' Trump seemed to not realize or remember that other countries have given money to Gaza – the UK announced a £60m ($80m) package in July, and the European Union has allocated €170m ($195m) in aid. And the Guardian could not find any record of the US giving $60m to Gaza two weeks ago. In June, the US state department approved a $30m grant to the Gaza Humanitarian Foundation, a group backed by Israeli and US interests which has been criticized by Democrats as 'connected to deadly violence against starving people seeking food in Gaza'. The White House did not respond to questions about Trump's claimed $60m donation. Segal said another characteristic of Trump's questionable mental acuity is confabulation. 'It's where he takes an idea or something that's happened and he adds to it things that have not happened.' A high-profile example came in mid-July, when Trump claimed his uncle, the late professor John Trump, had taught Ted Kaczynski, better known as the Unabomber, at MIT. Trump recalled: 'I said: 'What kind of a student was he, Uncle John? Dr John Trump.' I said: 'What kind of a student?' And then he said: 'Seriously, good.' He said: 'He'd correct – he'd go around correcting everybody.' But it didn't work out too well for him.' The problem is: that cannot possibly be true. First, Trump's uncle died in 1985, and Kaczynski was only publicly identified as the Unabomber in 1996. Second, Kaczynski did not study at MIT. 'The story makes no sense whatsoever, but it's told in a very warm, reflective way, as if he's remembering it,' Segal said. 'This level of thinking really has been deteriorating.' Aside from the confabulation, there have been times when Trump seems unable to focus. During the 2024 campaign there was the bizarre sight of Trump spending 40 minutes swaying to music onstage after a medical emergency at one of his campaign rallies. Trump's rambling speeches during his campaign – he would frequently drift between topics in a technique he described as 'the weave' – also drew scrutiny. The White House removed official transcripts of Trump's remarks from its website in May, claiming it was part of an effort to 'maintain consistency'. It is worth reading Trump's remarks in full, however, to get a sense of how the president speaks on a day-to-day basis. At the beginning of July, Trump was asked, 'What is the next campaign promise that you plan to fulfill to the American people?' He then rambled about meeting foreign leaders and removing regulations, adding: Sign up to This Week in Trumpland A deep dive into the policies, controversies and oddities surrounding the Trump administration after newsletter promotion I got rid of – just one I got rid of the other night, you buy a house, they have a faucet in the house, Joe, and the faucet the water doesn't come out. They have a restrictor. You can't – in areas where you have so much water they don't know what to do with it. Uh, you have a shower head the shower doesn't uh, the shower doesn't, you think it's not working. It is working. The water's dripping out and that's no good for me. I like this hair lace and [sic] – I like that hair nice and wet. Takes you – you have to stand in the shower for 20 minutes before you get the soap out of your hair. And I put a, a thing – and it sounds funny but it's really not. It's horrible. And uh, when you wash your hands, you turn on the faucet, no water comes out. You're washing whole – water barely comes out it's ridi – this was done by crazy people. And I wor – wrote it all off and got it approved in Congress so that they can't just change it.' 'Any fair-minded mental-health expert would be very worried about Donald Trump's performance,' Richard A Friedman, a professor of clinical psychiatry and the director of the psychopharmacology clinic at Weill Cornell Medical College, wrote in the Atlantic, after a stumbling performance from Trump in his debate against Kamala Harris last September. He added: 'If a patient presented to me with the verbal incoherence, tangential thinking, and repetitive speech that Trump now regularly demonstrates, I would almost certainly refer them for a rigorous neuropsychiatric evaluation to rule out a cognitive illness.' At a recent cabinet meeting called to discuss the flooding tragedy in Texas, the war in Ukraine and Gaza, the bombing of Iran, and global tariffs, Trump went on a 13-minute monologue about how he had decorated the cabinet meeting room. After talking about paintings which he said he had personally selected from 'the vaults', Trump said. 'Look at those frames, you know, I'm a frame person, sometimes I like frames more than I like the pictures,' and added he had overseen the cleaning of some china. As department heads, including the defense secretary, Pete Hegseth, and the secretary of state, Marco Rubio, waited to be dismissed so they could go and do their jobs, Trump continued: Here we put out – you know these, these lamps have been very important actually, whether people love them or not but they're if you see pictures like Pearl Harbor or Tora! Tora! Tora!, you see movies about the White House where wars are being discussed, oftentimes they'll show those lamps or something like those lamps, something that looks like them. Probably not the reals, because I don't think they're allowed to – this is a very important room, this is a sacred room, and I don't think they made movies from here. You never know what they do. But they were missing, er, medallions. See the medallions on top? They had a chain going into the ceiling. And I said: 'You can't do that. You have to have a medallion.' They said, 'What's a medallion?' I said: 'I'll show you.' And then we got some beautiful medallions, and you see them, they were put up there, makes the lamps look [inaudible] so we did these changes. And when you think of it, the cost was almost nothing. We also painted the room a nice color, beige color, and it's been really something. The only question is, will I gold-leaf the corners? You could maybe tell me. My cabinet could take a vote. You see the top-line moldings, and the only question is do you go and leaf it? Because you can't paint it, if you paint it it won't look good because they've never found a paint that looks like gold. You see that in the Oval Office. Er, they've tried for years and years. Somebody could become very wealthy, but they've never found a paint that looks like gold. So painting is easy but it won't look right.' The White House pushes back aggressively on the issue of Trump's mental fitness. 'The Guardian is a left-wing mouthpiece that should be embarrassed to pass off deranged resistance leftists as 'experts'. Anyone pathetic enough to defend Biden's mental state – while being labeled as unethical by their peers – has zero credibility. President Trump's mental sharpness is second to none and he is working around the clock to secure amazing deals for the American people,' said White House spokesperson Liz Huston. So do his political allies. 'As President Trump's former personal physician, former physician to the president, and White House physician for 14 years across three administrations, I can tell you unequivocally: President Donald J Trump is the healthiest president this nation has ever seen. I continue to consult with his current physician and medical team at the White House and still spend significant time with the president. He is mentally and physically sharper than ever before,' said congressman Ronny Jackson. In April, Trump's White House physician, Dr Sean Barbabella, wrote that the president 'exhibits excellent cognitive and physical health and is fully fit to execute the duties of the commander-in-chief and head of state'. He said Trump was assessed for cognitive function, which was normal. That report hasn't stopped people from questioning Trump's mental acuity. 'What we see are the classic signs of dementia, which is gross deterioration from someone's baseline and function,' John Gartner, a psychologist and author who spent 28 years as an assistant professor of psychiatry at Johns Hopkins University Medical School, said in June. 'If you go back and look at film from the 1980s, [Trump] actually was extremely articulate. He was still a jerk, but he was able to express himself in polished paragraphs, and now he really has trouble completing a thought and that is a huge deterioration.' Gartner, who during Trump's first term co-founded Duty to Warn, a group of mental health professionals who believed Trump had the personality disorder malignant narcissism, warned: 'I predicted before the election that he would probably fall off the cliff before the end of his term. And at the rate he is deteriorating, you know … we'll see. 'But the point is that it's going to get worse. That's my prediction.'
Daily Mail
30 minutes ago
- Daily Mail
Ditch YOUR overpriced carrier! Here's how to get a whopping 50% off a full year of unlimited talk, text, and data
Daily Mail journalists select and curate the products that feature on our site. If you make a purchase via links on this page we will earn commission - learn more We live in an always-on, forever connected world. When you can't rely on your existing connection to make calls, send texts, or look something up when you're on the go, what good is your provider really? Mint Mobile heard the call for something both affordable and dependable, and they responded in a huge way — with an impressive 50 percent discount on its bestselling 12-month unlimited plan. That brings your total to just $15 per month, for an annual savings of $180 on all of the talk, text, and data you need without any extra charges. Mint Mobile No more sticker shock! Mint Mobile's bestselling Unlimited Plan is more accessible than ever, priced at just $15 a month for 12 months. That is an unbeatable deal that gives you unlimited talk, text, and data on the nation's largest 5G network. Whether you prefer an eSIM for instant activation or a physical SIM shipped to your door, getting started is super easy. You can keep your phone and number, too (but you can also shop new if you prefer). It's all laid out for you to make wireless access smart, simple, and affordable. Save 50% Shop The carrier is already known for its low-cost plans, which makes the prospect of getting half off its absolute best plan very appealing! What Mint Mobile does best is innovate, taking the usual wireless playbook and rewriting it in favor of something accessible and transparent. With no physical stores and zero gimmicks, Mint Mobile keeps overhead costs low so they can pass those savings on to you. But you aren't in for a world of trouble if you're attached to your current phone. Whether that's your situation or you're eyeing something new, switching is really simple. You can either carry your device and number over, or upgrade to a fresh device with your plan. Either way, you'll get unlimited talk, text, data, and hotspot, with no hard caps and no overage fees. Even at 35GB, you'll never experience a total data shutdown. Powered by the nation's largest 5G network, Mint Mobile is known for its reliable nationwide coverage. No matter where you go, you can count on it to deliver without the surprises or flimsy zones that make calling and texting impossible. Managing your account is equally simple. You'll manage everything online, with a clear view of your account, billing, and usage all at your fingertips through the company's intuitive app. You can even earn credits toward your bill, an excellent perk that Mint Mobile users particularly appreciate. 'I recently switched from Verizon and I am stunned,' said one customer. 'Great service, incredibly transparent, easy to switch and use, intuitive app that tells you how much date you use, and more. Data streaming works really well. Love it!' The bottom line is that Mint Mobile lays everything out for you without the fluff, the surprises, or the things you don't need. They're simply presenting you with a more streamlined and effortless way to go wireless. At just $15 per month for a full year of absolutely everything, it's the best deal going right now. It's hard to imagine a smarter switch if you're looking to save money!
