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When asked how President Trump’s proposed "Trump accounts" program would prevent the wealth gap from widening, Treasury Secretary Scott Bessent said $5,000 would be significant for many families and pushed back against critics of the plan: "It's just because President Trump has sponsored it, they don't agree with it." Families can start making financial contributions to a Trump Account on July 4, according to the Trump administration. Excluding the government's $1,000 donation, a total of $5,000
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