IRS Chief Pushes Trump Accounts for All 70M US Kids
IRS CEO Frank Bisignano wants every American child enrolled in a Trump Account. That's 70 million kids.
The IRS has a new mission, and it goes beyond tax collection. IRS CEO Frank Bisignano made clear he wants every single one of the roughly 70 million children under 18 in the United States enrolled in a so-called Trump Account — and he's not shy about it.
"I think the objective is to have 70 million children under 18 to have a Trump Account," Bisignano said, adding that every family should be enrolled. That's an ambitious universal-coverage target, and it signals the administration is thinking about these accounts as a mass-market financial product, not a niche pilot program.
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For retail investors and everyday families, this matters. If Trump Accounts roll out at scale, you're looking at a potential wave of new capital being seeded into investment vehicles for tens of millions of kids. The downstream effects on markets, savings behavior, and financial literacy could be significant — though details on funding, contribution limits, and investment options remain the critical unknowns.
Bisignano's framing puts the IRS squarely in the middle of a major wealth-building initiative, a role far outside its traditional enforcement and collection identity. Whether Congress funds this at the scale he's describing is the next question every family — and every financial advisor — should be watching closely.
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