Giving babies $1,000 at birth is an 'unprecedented opportunity for financial security,' Ayanna Pressley and Cory Booker say
on the benefits of the policy, and how it would help Americans invest in higher education or start a business, building wealth later in life.
"The transition to adulthood is a challenging time for everyone. Ensuring that children can enter this defining stage of life with a nest egg would open up a world of possibilities and provide new pathways to building wealth," Beyer said in a While support for baby bonds at a federal level has mainly been from Democratic lawmakers, Republican-led states like Iowa and Wisconsin have
similar proposals, which Booker and Pressley said shows"growing momentum and support for this legislative proposal across the country, paving the way for eventual federal passage."that Trump wants to encourage population growth by implementing"baby bonuses" as part of his presidential platform. "When it comes to racial justice, we cannot afford to wait," Pressley and Booker wrote."Baby Bonds is exactly the type of bold, comprehensive program necessary to advance racial equity in the economy and address acute disparities for communities of color."Subscribe to push notifications
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