Michael Dell will meet with Sen. Ted Cruz and other business leaders on Monday to talk about Trump accounts. The discussion centers on whether Texas companies could help fund the accounts for employees’ children, which would turn a federal savings idea into a workplace benefit with a direct family link.
Trump accounts and employer funding
Trump accounts are tax-advantaged investment accounts for children. Babies born from 2025 through 2028 can receive a one-time $1,000 federal contribution, and families and others can add money over time. Employers can contribute up to $2,500 a year, which gives companies a clear path to participate without taking over the accounts themselves.
Michael Dell gives $250 seed money to 25 million Trump accounts if the business side of that limit starts to matter for Texas employers. The unresolved part is practical, not theoretical: whether companies actually use that annual contribution cap for workers’ children.
Dan Patrick and New Little Texan Savings Fund
Dan Patrick is pushing the New Little Texan Savings Fund, which would put $1,000 of state money into an investment account for babies born in Texas. He wants lawmakers to take up the proposal during the 2027 legislative session, setting up a separate state-track idea that sits alongside the federal account structure.
The Monday meeting matters because it puts Cruz, Dell and other business leaders in the same room before Texas lawmakers revisit child-savings policy in 2027. The immediate question is whether any Texas employer will leave that meeting prepared to put real dollars into employees’ children’s accounts, or whether the $2,500-a-year ceiling stays mostly on paper.
