Trump proposal offers $1,000 to newborns with a catch: funds locked until age 18
WASHINGTON -- A proposal being pushed by President Donald Trump and House Republicans could lead to $1,000 payments for babies born over the next four years. But there’s a catch as the money would not be accessible until the child turns 18 years old. The bill calls for the creation of tax-deferred investment accounts that would receive the $1,000 payment when a child is born, according to the Associated Press. Interest would accrue in the account over the years and after the child becomes an adult, the money could be...



