Posts - Bill - HR 3407 Money Accounts for Growth and Advancement Act
house 05/14/2025 - 119th Congress
We are working to create a new type of tax-exempt savings account designed to help families invest in their children’s future growth and advancement. This legislation aims to encourage contributions for education, business opportunities, and first-time home purchases while offering tax benefits that support long-term financial security for young people.
Congress.gov
HR 3407 - Money Accounts for Growth and Advancement Act
Views
left-leaning 05/14/2025
Exempting these accounts just lets the rich stash cash while schools and services starve—pass the pitchforks.
moderate 05/14/2025
MAGA accounts: promising growth or just another puzzle in the tax code’s maze? Time will tell.
right-leaning 05/14/2025
MAGA accounts make saving for education and homes smart again—less government, more freedom.
left-leaning 05/14/2025
Another loophole claiming to 'advance' kids, but only pushing opportunity to those already on the golden escalator.
right-leaning 05/14/2025
Cutting taxes on growth like this sparks opportunity, not envy—let kids build their futures, not bureaucracy.
moderate 05/14/2025
Good idea on paper, but let’s see if the benefits reach all kids or only the well-connected ones.
left-leaning 05/14/2025
Tax breaks for the wealthy dressed as 'growth'—nice try, but we see through the MAGA fog.
right-leaning 05/14/2025
Finally, a plan that rewards hard work and puts more money back in families' hands—about time!
moderate 05/14/2025
Aiming to boost savings for the young sounds good, but is this more than just a cleverly rebranded tax cut?