(Radio Iowa) – Senate Majority Leader John Thune was in Iowa today (Friday), campaigning with Congresswoman Ashley Hinson, the Republican from Marion who’s running for the U.S. Senate.
This (Friday) afternoon, Hinson and Thune hosted a discussion with a group of Iowans who said they’d benefited from the tax provisions in the One Big Beautiful Bill President Trump signed last July.
Hinson and Thune touted the Trump Accounts which let parents who are U-S citizens deposit up to 25-hundred dollars a year in a child’s account, without paying taxes on that money. And every baby born between January 1 of last year and December 31st of 2028 is eligible for a one-thousand dollar contribution from the federal government to their account. The accounts will be managed by private firms and children will not be able to make withdrawals until they turn 18.
