Bessent announces guidance allowing employers to contribute up to $2,500 tax-free annually to Trump Accounts for dependents
“Trump Accounts are giving American families a new way to build wealth from day one. Today, Treasury is publishing guidance that will help families grow Trump Accounts by allowing employers to contribute up to $2,500 tax-free each year for employees’ dependents and giving”
Bessent believes fraud task force and fiscal focus could save several hundred billion dollars.
“As I said, OMB director Vogt, myself, the president, that combined with the vice president's fraud task force where I think we could save several $100,000,000,000.”