WASHINGTON (KWTX) — President Donald Trump announced Tuesday a historic $6.25 billion charitable commitment from philanthropists Michael and Susan Dell toward a new savings program for American children.

Trump Accounts are tax-advantaged savings accounts created through the Working Families Tax Cuts Act that aim to give every newborn child a head start toward financial security, according to the White House.

“This will give millions of children, middle class families a stake in American prosperity, a benefit from the rising stock market and a better shot at the American dream,” Trump said during the announcement Tuesday.

The program comes as the child poverty rate was reported as 14.3% in 2024, according to the Congressional Research Service .

The accounts will be available to ever

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