Project 2025, the Heritage Foundation’s blueprint for a second Donald Trump presidency—you know, that document he knows nothing about even though 140 people from his first administration, including six former Cabinet members, helped create it—is full of delightful little Easter eggs. One provision that has attracted almost no public notice, perhaps because it seems so reasonable, is the authors’ call for the government to create “universal savings accounts” (USAs). Heck, it even has a patriotic name! All taxpayers should be allowed to contribute up to $15,000 (adjusted for inflation) of post-tax earnings into Universal Savings Accounts (USAs).
Comment on This Little-Noticed Project 2025 Provision Could Supercharge Wealth Inequality
Michael Mechanic, Mother Jones
Thu, 09/19/2024 - 3:00am
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