{"id":421933,"date":"2026-08-31T16:18:09","date_gmt":"2026-08-31T16:18:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/421933\/"},"modified":"2026-08-31T16:18:09","modified_gmt":"2026-08-31T16:18:09","slug":"ted-cruz-michael-dell-to-discuss-trump-accounts-with-texas-business-leaders-in-austin","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/421933\/","title":{"rendered":"Ted Cruz, Michael Dell to discuss Trump Accounts with Texas business leaders in Austin"},"content":{"rendered":"<p>AUSTIN, Texas \u2014 Business and political leaders are set to gather in downtown Austin later today to discuss \u201cTrump accounts\u201d and how Texas companies could help fund the tax-advantaged investment accounts for employees\u2019 children.<\/p>\n<p>Sen. Ted Cruz, Michael Dell and other business leaders are expected to attend the meeting, which starts at 2 p.m. The discussion is expected to focus on whether companies will contribute to the accounts and, if so, how much.<\/p>\n<p>Trump accounts are tax-advantaged investment accounts for children. Eligible babies born from 2025 through 2028 can receive a one-time $1,000 contribution from the federal government. Families and others can add money, and employers can contribute up to $2,500 a year.<\/p>\n<p><a href=\"https:\/\/cbsaustin.com\/news\/local\/austin-rents-fall-as-new-apartments-rise-but-eviction-filings-keep-climbing\" target=\"_blank\" rel=\"nofollow noopener\">ALSO | The Receipts: Austin rents fall as new apartments rise, but eviction filings keep climbing<\/a><\/p>\n<p>Some Democratic lawmakers have raised concerns about the program, but California Gov. Gavin Newsom voiced support for it in remarks made just over a week ago.<\/p>\n<p>\u201cI\u2019m enthusiastic about encouraging people to get a Trump account. I think it\u2019s incredibly important. It\u2019s one of the best things he\u2019s done. It\u2019s one of the best things Ted Cruz has done,\u201d Newsom said.<\/p>\n<p>Texas could eventually pursue a similar state program. Lt. Gov. Dan Patrick has proposed the \u201cNew Little Texan Savings Fund,\u201d which would put $1,000 of state money into an investment account for babies born in Texas. The proposal has not been adopted. Patrick wants lawmakers to take it up during the 2027 legislative session.<\/p>\n<p>Cruz has said his goal with Trump accounts is to give children an ownership stake in the economy, writing: \u201cInstead of making Americans dependent on government, they will make every child in America a capitalist. Every child will be an owner. Every child will have a stake.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"AUSTIN, Texas \u2014 Business and political leaders are set to gather in downtown Austin later today to discuss&hellip;\n","protected":false},"author":2,"featured_media":421934,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133],"class_list":["post-421933","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/421933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=421933"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/421933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/421934"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=421933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=421933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=421933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}