You can’t make this stuff up, but what is becoming obvious is that people on the left like Bennie are not interested in the benefit of kids. And in fact, this guy has one of the poorest districts in the nation. And he is telling his people to bypass a free $1000 Trump account. Give me a break.
My gosh, this is a major positive not only to minorities but everyone with a kid and it is one of the best brainstorms coming out of this Administration. This gives hope in the future and people like it, therefore Democrats hate it because it is Trump.
Rep Bennie Thompson has his own issues, as he was a leader of the Jan 6 kangaroo court and was part of those who destroyed evidence of their illegal acts. His due is still coming and is in line with all the other investigations into our corrupt Democratic Party. All IMO.
“Democratic Rep. Bennie Thompson of Mississippi advised his constituents, and anyone else who will listen, not to open Trump Accounts, which are meant to benefit children.
The accounts were authorized by a provision in last summer’s “Big Beautiful Bill” that allows $1,000 in seed money for every American born between 2025 and 2028 for the benefit of the child when he or she reaches adulthood.
But you have to open the account to receive the benefit.
On Monday, President Donald Trump announced that over 6 million babies had accounts open for them, which were funded this week.
Thompson, who was chairman of the Jan. 6 committee and a critic of the president, posted Monday on social media: “It’s safe to say, I would pass on a Trump account. Trump University already taught us what happens when his name is on the brochure. Does a $25 million settlement ring a bell?”
Trump University was a failed venture that ran from 2005 to 2010. The program, which aimed to teach Trump’s personal real estate and business strategies, was eventually shuttered.
The president of course has had many successful business ventures, primarily through the Trump Organization’s real estate investments, and his net worth is currently estimated at $6.5 billion, according to Forbes.
Why Thompson would advise parents not to open Trump Accounts is unfathomable. The Democrat represents one of the poorest districts in the country, with a per capita income of $27,380 and a median household income of $47,495. The national median household average is $83,730.
Nearly a quarter of the residents of Mississippi’s second congressional district live below the poverty line.
Treasury Secretary Scott Bessent told reporters in late May, “Trump Accounts, I believe, are the most important benefit for young people since the GI Bill.”
“Nearly six million American children have been signed up already for Trump Accounts, which will launch on July 4th,” he added. “I would encourage all of you to go to TrumpAccounts.gov to sign up.”
The website has both a link to download the app, as well as access to online Form 4547 to start the account.”