LOGAN – U.S. Rep. Blake Moore (R-UT) made a brief appearance at the Cache County Republican Nominating Convention held April 11 at Ridgeline High School in Millville.
In his remarks to local GOP delegates, Moore noted that among the most significant accomplishments of the ongoing 119th Congress were making the Trump tax cuts of 2017 permanent and the creation of so-called Trump investment accounts for younger Americans.
Both of those achievements were enacted as part of the “One Big Beautiful Bill” passed by Congress and signed into law by President Donald Trump on July 4, 2025.
That reconciliation bill brought about the largest federal tax cut in history for American citizens, including a larger standard deduction, more generous child tax credits and lower overall tax rates, according to the national Tax Foundation.
Of equal importance, Moore says, are congressional efforts to give the next generation of Americans a jump-start on savings for a lifetime through the establishment of the Trump Accounts program.
Under that initiative, every American child born between Jan. 1, 2025 and Dec. 31, 2028 is eligible to receive a $1,000 contribution from the U.S. Treasury that will be immediately invested in an indexed financial fund.
Federal officials say the compound growth from that initial seed funding alone stands to make young Americans wealthy. Assuming that historic growth rates continue, that single $1,000 deposit should grow into an estimated half million dollars by the age of retirement.
In January of this year, Treasury Secretary Scott Bessent said that approximately 500,000 Americans had already elected to open Trump Accounts for their children simply by checking a box on Internal Revenue Tax Form 4547.
While the seed money from the Treasury is exclusively for newborns, any American below the age of 18 is also eligible for a tax-advantaged Trump Account to begin saving for the future.
Under new tax regulations, contributions from philanthropists, family members, friends, employers and states can also backfill Trump Accounts for children.
Moore said that a prime example of that kind of generosity can be found in a contribution of $6.25 billion from Susan and Michael Dell of Dell Technologies to fund investment accounts for at least 25 million children ages 10 and under.
Other corporations are following the Dells’ lead by jumping on the investment account bandwagon, according to Bessent. Those firms include Charles Schwab, Uber, the Bank of New York, Mastercard, Visa and others, promising that they will match employee contributions to the investment accounts.
In the upcoming GOP Primary Election in June, Moore is facing opposition from within his own party to retain his seat in Congress.
The most serious challenger to the incumbent Moore is Utah Rep. Karianne Lisonbee (R-Clearfield), a five-term state lawmaker with strong conservative credentials.
Also in the running as a Republican in new Congressional District 2 is former U.S. Army combat engineer Colton Hatch.