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Business Wire
6 days ago
- Business
- Business Wire
Future Tech Launches $1,000 Child Investment Benefit for Employees, Enhancing Long-Term Family Support
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Future Tech Enterprise, Inc., a family-owned global IT solutions provider offering a diverse array of technology services and solutions to the corporate and government sectors, today announces that it will invest $1,000 for children born to its U.S. employees to match the $1,000 federal seed investment established under the new Invest America Act. This investment in the children of our employees, underscores Future Tech's long-standing commitment to supporting not only innovation but also the families and communities that make that innovation possible. Signed into law on July 4, 2025, the Invest America Act provides every U.S.-born child with a $1,000 investment account, aimed at fostering long-term savings, reducing intergenerational poverty, and closing the wealth gap. This bipartisan legislation recognizes that giving children a financial head start is an investment in America's future. 'As someone who has dedicated time and resources to ensuring children have the tools they need to thrive—whether that means providing laptops to young leaders in our schools or mentoring future entrepreneurs—this legislation resonates deeply,' said Bob Venero, CEO of Future Tech. 'It aligns with our belief that opportunity should not be a matter of luck, but a shared investment in our collective future.' In alignment with the Act, Future Tech will provide an additional $1,000 investment for each child born to full-time U.S.-based employees, effectively doubling the starting investment for those families. 'This investment will create a powerful multiplier effect,' added Venero. 'By pairing federal investment with private sector support, we can accelerate generational wealth-building and opportunity. As a family-owned company, we see our employees as extended family and we want their children to have the same shot at success that we work to build for our clients every day. I was inspired by Michael Dell, CEO of Dell Technologies, recent decision to offer a similar benefit at Dell Technologies.' A Commitment to People, Innovation, and the Future Future Tech's action reflects its broader philosophy: that technology leadership and social responsibility go hand-in-hand. Investing in families today builds a more resilient, skilled, and inclusive workforce tomorrow. 'If we want the United States to remain a global leader in technology and innovation, it starts by investing in the next generation,' said Venero. 'By giving every child — regardless of background — a head start, we're helping ensure a brighter, more equitable future for all.' This initiative joins a range of employee- and community-focused programs Future Tech has led over the years, including technology donations to schools, mentoring programs, and educational partnerships. For more information about Future Tech and its commitment to its employees and the community, visit About Future Tech Enterprise, Inc. Future Tech Enterprise, Inc is a global IT solutions provider, offering a diverse array of technology services to both corporate and government sectors. As a trusted IT partner to Fortune 500 companies, many of which support federal government agencies, Future Tech helps organizations optimize their IT environments and transition to next-generation technologies that drive productivity and innovation. With deep expertise across aerospace, defense, education, energy, financial, healthcare, and manufacturing sectors, Future Tech understands how to navigate the complexities of enterprise-scale environments and the unique demands of multi-stakeholder organizations. For more information, please visit
AU Financial Review
17-06-2025
- Business
- AU Financial Review
Trump goads Iran for now, but soon he has to make a choice
Donald Trump last week shared a stage at the White House with Uber chief executive Dara Khosrowshahi. The event was a chance to spruik the Invest America Act, which would establish tax-advantaged investment portfolios for kids. However, in the characteristic rambling manner of many of Trump's public performances, it veered into US negotiations with Iran over its nuclear capabilities.
Epoch Times
09-06-2025
- Business
- Epoch Times
Officials, Business Leaders Discuss ‘Trump Accounts' at Invest America Roundtable
WASHINGTON—President Donald Trump held a high-profile business roundtable at the White House on Monday to highlight the 'Invest America Act.' The proposed legislation, introduced by Sen. Ted Cruz (R-Texas) would provide $1,000 in government-funded savings—dubbed 'Trump Accounts'—for every American child born between Jan. 1, 2025, and Dec. 31, 2029, with money reclaimed from welfare reforms that eliminate 'waste and fraud,' according to the president.
Daily Mail
14-05-2025
- Business
- Daily Mail
Brainchild behind $1000-per-baby MAGA tax credit revealed
Texas Republican Ted Cruz is behind the MAGA-embraced plan incentivizing parents to have more babies by providing them tax breaks for each child. It's been embraced by Donald Trump and included in his 'big beautiful bill' that is working its way through Congress. Cruz's proposal, the 'Invest America Act,' would provide each U.S. child with a $1,000 seed investment from the federal government. The account would be tax-exempt until the child turns 18, after which the funds would be subject to capital gains taxes. 'The Invest America Act will trigger fundamental and transformative changes for the financial security and personal freedoms of American citizens for generations,' Cruz said in a statement. '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.' Family, friends and businesses would be allowed to invest up to $5,000 per year into the accounts. The 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,' the press release announcing the measure states. And the investment accounts for America's children could come as soon as this year, as Congress has included provisions to create 'MAGA accounts' in President Donald Trump's 'big, beautiful bill' that is expected to come up for a vote this summer. According to an early copy of Republican's 'beg, beautiful bill' text, the 'MAGA Accounts Contribution Pilot Program' would create $1,000 accounts given to parents with qualifying children. Cruz is confident that his bill could be 'one of the landmark achievements' of this Congress. Those eligible for the program must have a child, that is a U.S. citizen, born after December 31, 2024 and before January 1, 2029, according to the bill text. The bill, which will be negotiated between Republicans and Democrats on the House Ways and Means Committee, still could be stripped from the final package, however. On Tuesday the committee is expected to markup their nearly 400-page portion of the 'big, beautiful bill,' and during this back-and-forth the 'MAGA accounts' provision could be taken out. 'The case I made to my colleagues is: We should ask ourselves in this bill, what will be the legacy that people will remember and talk about 10 years from now, 20, 30, 40 years from now?' Cruz told Semafor of his effort. Prominent business leaders have also lined up behind the investment accounts. 'Invest America accounts are central to the Main Street Agenda — pulling every kid off the sidelines and putting them squarely in the game,' Brad Gerstner, Founder, Chairman, and CEO of Altimeter Capital, said, in a statement. 'When everyone realizes they can be an owner, it unites our country around free-market principles and unleashes the next generation of American success.' Founder of Dell Technologies, Michael Dell (pictured), also voiced support for the measure in a statement. 'Invest America accounts put every child in the front row of our economy,' he said. 'When the power of compounding meets the energy of young minds, we're not just growing portfolios—we're fostering the next generation of builders, dreamers, and doers who will keep America leading the world.' Want more stories like this from the Daily Mail? Hit the follow button above for more of the news you need.
Time of India
14-05-2025
- Business
- Time of India
Senator Ted Cruz proposes $1,000 federal investment account for every US newborn
File photo: Senator Ted Cruz (Picture credit: AP) US Senator Ted Cruz has introduced the Invest America Act , a new proposal aimed at boosting long-term financial security for Americans by giving every newborn child in the US a $1,000 investment from the federal government at birth. The money would be placed in a private, tax-advantaged account that tracks the S&P 500 index. According to a press release cited by Fox News, 'each Invest America account will be open to contributions from individuals, family members, friends, and businesses up to $5,000 annually.' These accounts would grow tax-deferred, with withdrawals allowed after the child turns 18 and taxed only at the capital gains rate. Cruz believes the measure could help transform how future generations build wealth. '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,' he said, adding that it would be remembered as a 'landmark achievement' of the Republican-led Congress. The launch of the Invest America Act comes amid growing national concern over the $36.2 trillion US federal debt . While some critics may raise questions about cost, around 3.6 million babies were born in the US in 2024, meaning the initial investment would cost roughly $3.6 billion annually, reported Fox 26 Houston. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Artificial Intelligence and Machine Learning For Working Professionals. BITS Pilani WILP Apply Now Undo The initiative gained momentum after a related pilot programme appeared in the House Ways and Means Committee's markup of tax reform legislation. Dubbed MAGA accounts , short for Money Accounts for Growth and Advancement, the pilot would make the $1,000 federal contribution available only to children born between 2024 and 2028, and only if they are aged 8 or younger. 'What is powerful is enabling every child in America to have an investment account and a stake in the American free enterprise system,' Cruz said, as reported by Semafor. The House Ways and Means Committee is set to review the broader legislative package, nicknamed 'The One, Big, Beautiful Bill,' on Tuesday. The inclusion of MAGA accounts in that bill is seen as a major win for Cruz and his supporters. If passed, the Invest America Act could create a new path for childhood financial literacy and investment, a move Cruz believes will secure 'fundamental and transformative changes for the financial security and personal freedoms of American citizens for generations,' as per Fox 26 Houston.
