Ted Cruz and Michael Dell are set to meet on Monday with other business leaders to talk about Trump accounts for children, a discussion aimed at how Texas companies could help fund the accounts for employees’ children.
The timing matters because the accounts are already part of a broader push for child savings. Trump accounts are tax-advantaged investment accounts for children, and babies born from 2025 through 2028 can receive a one-time $1,000 federal contribution. Families and others can add money, and employers can contribute up to $2,500 a year.
That makes the Monday meeting more than a photo opportunity. It is a test of whether Texas employers want to go beyond the federal seed money and put their own money into workers’ children’s accounts. The idea would give companies a direct role in how the accounts are funded, even as the basic structure already allows outside contributions.
There is also a separate Texas proposal in the background. Lt. Gov. Dan Patrick is proposing 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 that plan during the 2027 legislative session, which leaves Texas with two different paths for the same goal: a federal account that can be topped up by employers, and a state-backed fund that would start with public money.
What remains unanswered is whether any Texas companies will actually commit. The Monday meeting may produce interest, but no pledge has been reported, and the difference between discussing contributions and making them is the part that will determine whether the idea moves from policy talk to something families can count on.
