Connect with us

Texas

Texas could give babies $1000 each

Published

on

Texas could give babies 00 each


Texas is considering a groundbreaking proposal to provide every newborn with $1,000 invested in the stock market.

Why It Matters

Lieutenant Governor of Texas Dan Patrick revealed plans for this initiative as a way to mirror a new federal program signed into law under President Donald Trump, known as “Trump Accounts.”

If enacted, Texas’s “New Little Texan Savings Fund” would make it the first state to add such an automatic state-level investment to the national plan, potentially doubling the funds available to Texas children and sparking debate about the balance between government support and fiscal conservatism. 

The move could signal a trend toward broader wealth-building measures for American children, especially at a time when access to stock market investments remains uneven across income groups.

Advertisement

Loading twitter content…

What To Know

On Wednesday, Patrick announced his plan to introduce legislation during the 2027 session to create investment accounts for every baby born in Texas. 

Each account would receive a $1,000 deposit of public funds invested in the S&P 500. 

Patrick suggested this new state-level program would be modeled after the federal “Trump Accounts” provision, created as part of Trump’s major tax and spending legislation earlier in 2025. 

The cost for Texas would be about $400 million per year, less than 1 percent of the state’s current two-year budget, Patrick said. 

Advertisement

Patrick also proposed a constitutional amendment to make the program permanent, which would require support from two-thirds of the Texas Legislature and approval by Texas voters. 

Trump’s federal program would provides $1,000 to every child born from January 1, 2025, through December 31, 2028, whose parents claim the benefit. It requires a U.S. Social Security number and restricts withdrawals until age 18, except for specific uses such as education, home down payments, or starting a business.

In addition, Austin billionaires Michael and Susan Dell have pledged $6.25 billion to supplement the Trump accounts, offering an extra $250 to eligible children under age 11 who meet certain family income criteria and live in certain ZIP codes.

The Dell contribution primarily targets children who do not qualify for the federal $1,000 newborn benefit (those born before January 1, 2025).

What People Are Saying

Lieutenant Governor Dan Patrick said: “I love President Trump’s idea to invest $1,000 for every American newborn child, that cannot be spent until age 18 and must be used for education or other qualifying expenses. 

Advertisement

“If I see a great idea from the President that helps Texans, my first question is always, ‘why not do it in Texas, too?’ A baby is born about every 90 seconds in Texas. That’s about 1,000 per day, or just under 400,000 per year for the last several years. One of my top priorities in the 2027 legislative session will be to pass the New Little Texan Savings Fund to give newborn Texans an additional $1,000 each, invested in the S&P 500 as aligned with the federal program

“Adding that to the President’s program, newborn Texans will receive a total of $2,000, plus any additional funds contributed by their family as allowed under the Trump plan.”

Republican Senator Ted Cruz, an early proponent of the federal plan, said: “I’m thrilled to see the Lone Star State and my good friend Dan Patrick taking this even further for Texas kids. Bravo!”

Texas Policy Research, a group emphasizing ‘liberty-based’ policies, said: “We are opposed to this idea before the bill is even filed. Creating state-run wealth accounts for every newborn violates key liberty principles: It expands government rather than limiting it, replaces personal responsibility with state dependency and undermines free enterprise by turning the state into an investor. Texans deserve lower taxes, not new programs that grow government indefinitely.”

What Happens Next

If both the Texas and federal programs move forward, every eligible newborn in Texas could have $2,000 seeded in stock market investments at birth. 

Advertisement

Nationally, the federal Trump Accounts and the Dells’ private gift are scheduled to roll out on July 4, 2026. Parents will be able to open the accounts once the IRS finalizes the enrollment form and the online system goes live.

The outcome in Texas may serve as a model for other states considering similar measures and could influence future discussions on government-backed child wealth-building initiatives.



Source link

Texas

Co‑worker confesses to killing missing North Texas man and stealing his car, police say

Published

on

Co‑worker confesses to killing missing North Texas man and stealing his car, police say



A North Texas man reported missing earlier this week was found dead Friday, and police say a co‑worker has confessed to fatally shooting him and stealing his car.

The suspect, Gregory D. Lewis, 34, remains in custody and faces a forthcoming capital murder charge, according to the Fort Worth Police Department. 

Lewis is accused of killing 31‑year‑old Thomas King, who had been last seen in his Taco Casa work uniform. King was reported missing on Tuesday after failing to return home Monday from the fast‑food restaurant in the 1100 block of Bridgewood Drive.

Advertisement

Car found at Arlington motel 

Police said King’s car was found at the Quality Inn on I‑20 in Arlington, and surveillance video showed Lewis arriving in King’s vehicle shortly after King left work. 

Detectives identified the man in the video and arrested him on unrelated charges.

  Gregory D. Lewis, 34

Tarrant County Jail

Advertisement


Body discovered on Fort Worth’s East Side 

King’s body was located on Friday in an open field on Fort Worth’s East Side, authorities said. 

According to police, Lewis confessed to shooting the victim and stealing his car. 

Medical examiner review pending 

The Tarrant County Medical Examiner will determine the cause of death. 

CBS News Texas has reached out to Taco Casa for comment.

Advertisement



Source link

Advertisement
Continue Reading

Texas

Exclusive | Mexican mayor urged relatives in US to vote for Texas Dem for Congress who would ‘take care’ of their city

Published

on

Exclusive | Mexican mayor urged relatives in US to vote for Texas Dem for Congress who would ‘take care’ of their city


WASHINGTON — A Mexican mayor earlier this month urged her constituents to get their relatives in Texas to vote for House Democratic candidate Bobby Pulido because he would “take care” of their city if elected to Congress.

“We need to get out the vote for him,” said Patricia Frinee Cantú Garza, mayor of General Bravo in Nuevo León, less than two hours from the US border, in a recent Spanish-speaking Facebook reel,which The Post reviewed and translated.

“Talk to your families in the United States. Make sure they go vote,” Garza added, noting that she would be presenting the keys to the city to Pulido, a two-time Latin Grammy winner, on April 3.

A Mexican mayor earlier this month urged residents of her municipality to get their relatives in Texas to vote for House Democratic candidate Bobby Pulido because he would “take care” of their city if elected to Congress. Politigranja/ Facebook

“When he becomes a congressman,” she also said, “we want him to take care of Bravo.”

Advertisement

The city ceremony celebrating Pulido in General Bravo never received enough funding and was cancelled, the Mexican outlet El Norte reported.

Pulido has headlined concerts in General Bravo as recently as November 2023. Local officials promoted the show and the current mayor and her husband, then-mayor Edgar Cantu Fernandez, appeared.

“Bobby doesn’t know the mayor and has never met her,” a Pulido campaign spokesperson said in a statement. “He declined the invitation, didn’t attend the event, and isn’t responsible for unsolicited comments made by other people.”

Bradley Smith, a former chairman of the Federal Election Commission, said the statements wouldn’t pose legal or ethical issues for Pulido — but that the remarks may have a political cost, given the focus on foreign involvement in US elections in recent years.

“Bobby doesn’t know the mayor and has never met her,” a Pulido campaign spokesperson said in a statement. Bobby Pulido for Texas

“If you were making financial contributions, that would be a different thing, but just to exhort people to vote,” Smith said, “I don’t think that’s going to be a problem for them.”

Advertisement

Jessica Furst Johnson, a partner at the Republican-aligned campaign finance and election law firm Lex Politica, noted that event appeared to function as an in-kind contribution to Pulido’s campaign but it would be difficult to determine without “more details.”

Congressional Republicans have thus far failed to pass a bill this session aimed at beefing up identification requirements for voters when registering, though many have said laws as currently written are too lax and could lead to non-citizens casting ballots.

State investigations and audits have shown in recent years that thousands of non-citizens ended up being registered, but few have ever illegally voted. Those who have are federally prosecuted.

Pulido has headlined concerts in General Bravo in the city as recently as November 2023, which local officials promoted and where the now-mayor and her husband, then-mayor Edgar Cantu Fernandez appeared. Obtained by NY Post
Pulido is challenging incumbent GOP Rep. Monica De La Cruz in the Texas district this November and has faced questions from the press about his ties to Mexico, where he has said he maintains a home for parts of the year. CQ-Roll Call, Inc via Getty Images

Pulido is challenging incumbent GOP Rep. Monica De La Cruz in the Texas district this November and has faced questions from the press about his ties to Mexico, where he has said he maintains a home for parts of the year.

The Latino music star admitted to splitting time with his family between there and Texas just two years before launching his campaign, telling a YouTube show in a 2023 interview that he’s a “summer Mexican” but “winter Texan.”

Advertisement

“We live on the border,” he has also said. “My wife and I have a house in Mexico. So, we travel there, and we spend time over there.”

“Bobby lives in his family home in Edinburg, Texas, where he was born, raised, and is raising his own family,” the Pulido campaign rep noted. Getty Images

There was no indication of a current mortgage on a property either there or in the US, according to financial disclosures that Pulido filed April 15 with the House. Those filings also revealed he holds a checking account at a Mexican bank.

“Bobby lives in his family home in Edinburg, Texas, where he was born, raised, and is raising his own family,” the Pulido campaign rep noted. “He is in complete compliance with all House disclosure rules — the property you are referencing is not his primary residence so is not required to be listed.”



Source link

Advertisement
Continue Reading

Texas

Pushback grows over Texas governor’s threat to withhold public safety money

Published

on

Pushback grows over Texas governor’s threat to withhold public safety money


Criticism is mounting over the threat to withhold public safety grants from Austin and other major Texas cities, with opponents arguing the move is politically motivated as both the governor and attorney general seek office this year.

“Defunding the public safety for political reasons was wrong when the Democrats did it; still wrong when the Republicans do it,” the former executive director of the Combined Law Enforcement Associations of Texas, Charley Wilkison, wrote on X.

Criticism is mounting over the threat to withhold public safety grants from Austin and other major Texas cities, with opponents arguing the move is politically motivated as both the governor and attorney general seek office this year. (Photo: CBS Austin)

The statement came hours after Governor Greg Abbott threatened to cut $2.5 million in public safety funding to Austin. The governor expressed opposition to Austin’s decision to update its policy governing how police handle administrative warrants used by U.S. Immigration and Customs Enforcement in immigration detentions.

Advertisement

“The city has updated its general orders to align with state and federal law and also to protect the Fourth Amendment of Austin residents who should be free from unlawful search and seizure,” said Austin City Councilmember Mike Siegel.

ALSO| Gov. Abbott threatens to withhold $2.5 million from Austin regarding APD ICE policies

KEYE

Advertisement

Houston and Dallas are also facing similar threats from the governor.

“The statement from the governor’s office was really disappointing and frankly it’s wrong on the law and it’s wrong on what’s good for public safety,” Siegel said.

In a statement provided in response to a request for an interview, the Combined Law Enforcement Associations of Texas said, “Law enforcement officers continue to be dragged into political warfare while real public safety issues are ignored.”

The president of the Austin Police Association did not respond to a request for comment regarding the potential impact on officers.

A request for comment to the governor’s office received a previously issued statement from Abbott’s press secretary, which read: “A city’s failure to comply with its contract agreement with the state to assist in the enforcement of immigration laws makes the state less safe. It can have deadly consequences. Cities in Texas are expected to make the streets safer, not more deadly.”

Advertisement

Siegel defended the city council’s position, stating, “I can speak for myself as one of 11 voting members of our city council. We’re not going to sell our values for a couple million dollars in public safety grants.”



Source link

Continue Reading
Advertisement

Trending