Trump's "One Big Beautiful Bill": $2,500 Child Tax Credit and Family Wealth Accounts Proposed

Former President Donald Trump has proposed a major new policy bill focused on American families. The plan, called the "One Big Beautiful Bill," includes two key financial changes. First, it would significantly expand the Child Tax Credit. The amount would increase to $2,500 per child. This is a direct payment to help families with the costs of raising children. Second, the bill would create "Trump Accounts." These are special savings accounts designed to help families build generational wealth. The exact details of how these accounts would work are not yet fully defined. The proposal frames these measures as a way to beat back what it calls "anti-family" tax policies. The next step would require the bill to be formally written and introduced in Congress for debate and a vote.