Newsom breaks with usual Trump criticism to tout Trump Accounts

“It’s direct, it’s tangible, it’s results-oriented; it’s not lost in bureaucracy,” Newsom also said. “You can see it, taste it, feel it; you’re making a difference directly in the next generation; you’re giving them hope. And so we’re here to encourage people to take advantage of this, to not fall prey to the politics or the cynicism or maybe even the fear that if I download a Trump account, somehow that means something — it doesn’t. It just means something for your kid. It’s not Trump’s money; it’s your child’s money.

Newsom noted the bipartisan nature of the program, as Sens. Ted Cruz (R-TX) and Cory Booker (D-J) both championed the investment accounts and worked to secure funding from Fortune 1000 corporations. “It’s one of the best things Ted Cruz has done,” Newom said. “It’s one of the best things Cory Booker has done, that were out there promoting it.”

Dell CEO Michael Dell and his wife Susan announced a philanthropic gift of over $6 billion to the Trump Accounts, and individual states and other large corporations also made significant donations to the program, according to Americans for Tax Reform. The Trump administration has touted the initiative as a way to educate the youth about financial literacy and invest in younger generations.

TRUMP ACCOUNTS OFFICIALLY LAUNCH ONE YEAR AFTER BEING SIGNED INTO LAW

Newsom has emerged as one of Trump’s staunchest critics throughout his second term in office, electing to mock and deride the president via social media. Newsom is widely seen as a potential Democratic candidate in the 2028 presidential election.

The California governor offered the praise while touting the similar CalKIDS initiative, which puts “up to $1,500 in baby bond accounts to help pay for college, career training, or any path after high school,” according to Newsom’s X account. “I encourage everyone to sign up for BOTH CalKIDS and Trump Accounts,” he said after the press conference.