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How Trump's "One Big Beautiful Bill Act" is affecting Americans, 1 year later

President Trump on Monday launched a program offering tax-deferred investment accounts for children under 18. The Trump Accounts were created under the president's massive tax and spending law, which Congress passed last year. CBS News MoneyWatch reporter Megan Cerullo has more.

Published July 6, 2026, 11:38 PM
Updated July 6, 2026, 11:53 PM3.4K
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How Trump's "One Big Beautiful Bill Act" is affecting Americans, 1 year later

President Trump on Monday launched a program offering tax-deferred investment accounts for children under 18. The Trump Accounts were created under the president's massive tax and spending law, which Congress passed last year. CBS News MoneyWatch reporter Megan Cerullo has more.

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