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Assembly GOP Proposes $1,000 State Match for ‘Trump Accounts’
['Baylor Spears']
Urban Milwaukee
Get a daily rundown of the top stories on Urban MilwaukeeAssembly Republicans proposed Tuesday that Wisconsin match federal policy by putting $1,000 of state funds into savings accounts for newborn babies in Wisconsin during President Donald Trump’s term.
The bill will provide a state match of $1,000 to the accounts for babies born in Wisconsin.
Joers said the “WisKids” bill is designed to be sustainable year after year, meanwhile the “Trump accounts” bill would expire after 2028.
According to a fiscal estimate by the agency, the legislation would use an existing college savings program trust fund, which is funded by administrative fees established by the college savings program board and imposed on college savings program accounts.
But, he cautioned, it’s important to do it in a way that’s “sustainable, and not just going along with the headlines of the day.”Assembly GOP propose $1,000 state match for ‘Trump accounts’ was originally published by Wisconsin Examiner