President Trump visiting Cobb high school next week, sources say
Former U.S. President Donald Trump looks on during a rally at the Waco Regional Airport on March 25, 2023, in Waco, Texas.
COBB COUNTY, Ga. - President Donald Trump is scheduled to visit Wheeler High School in Cobb County next week to pitch his student investment program, sources told FOX 5 Atlanta.
What we know:
Trump plans to travel to the high school to outline his "Trump Accounts" initiative, which sets up investment accounts that track the stock market on behalf of children.
Private banks and brokerages will manage the money through U.S. equity index funds, keeping annual fees capped at 0.10%.
Parents can contribute up to $2,500 annually in pretax income, and total yearly contributions from relatives, friends, employers, local governments and charities are capped at $5,000.
RELATED: Trump Accounts for kids launch July 4: How to get $1,000
The Treasury Department will automatically deposit $1,000 for babies born during Trump's second term—between Jan. 1, 2025, and Dec. 31, 2028—provided the child is a U.S. citizen with a Social Security number.
Older children can also have accounts opened for them, but they will not receive the $1,000 seed money, and all funds remain locked until the child turns 18 except under rare circumstances.
Trump accounts: $1,000 for every American baby
President Trump discusses a key part of the new tax bill: investment accounts for every American child. He explains the $1,000 starting seed for newborns and how private funding from donors like Michael Dell is scaling the program to 25 million children.
What we don't know:
Officials have not yet confirmed the exact day or time of Trump's arrival at the school next week. It also remains unclear how many people will be permitted to attend the event or what specific security adjustments will impact the surrounding area.
The Source: The information in this story was gathered from sources close to the event, who confirmed the details to FOX 5 Atlanta.