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Roll Call

Jacob Fulton

Bipartisan Senate duo seeks corporate support for 'Trump accounts' - Roll Call

Donald Trump Ted Cruz Cory Booker Roll Call Michael Dell Dells Texas White House

An unlikely bipartisan Senate duo is spearheading a push for employers to donate to the new “Trump accounts” created under the GOP’s “big, beautiful” reconciliation package last summer.

Sens. Ted Cruz, R-Texas, and Cory Booker, D-N.J., teamed up on a letter sent to Fortune 1000 CEOs on Monday encouraging their companies to contribute to the new investment accounts created for young children. Dell CEO Michael Dell and his wife, Susan, pledged a $6.25 billion donation to the accounts Tuesday that earned them a White House appearance with President Donald Trump.

The savings accounts, which are funded with after-tax contributions, were dubbed “Trump accounts” under the budget reconciliation law. The government will contribute $1,000 to the accounts for babies born this year through the end of Trump’s term.

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