Ted Cruz

She gets the $1,000 automatically put in the account, and that can accumulate and grow.

But where the real math is, is if they're contributions of $5,000 a year, now those can come from a parent, those can come from a family member, or those can come from an employer.

And there are two big accelerants that we wrote into the bill.

Number one is the employer piece of it, that the employers think about – to give you a sense of the scope and magnitude –

Think back to when Congress passed Section 401 of ERISA.

That was decades ago.

And I suspect nobody in Congress knew just how fundamentally they were going to change how Americans save for retirement.

There are right now more than $12 trillion in 401 accounts.

It's massive.

There will be, in just a couple of years, trillions of dollars in Trump accounts as well.

The volume of it is massive.

And one of the things that's a real accelerant is, you know, most big employers match 401k contributions.

If you're an employee, sometimes employers will contribute directly to 401ks.

Other times they'll match if you make a contribution.

I think we're going to see the same thing with Trump accounts.

This is going to become a standard, a ubiquitous employee benefit that employers will say, we're going to match your contributions or contribute directly to the Trump accounts that your kids have.

A bunch of big employers have already announced they're doing that.

Actually, Visa had a very clever thing they announced.

They said you can use your reward points, you can convert them into money and deposit them in your kids' Trump accounts.

That's an accelerant to help more dollars get in.