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Republicans expand "Trump bucks" scheme with “MAGA savings accounts”

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In his role as president and political gameshow host, Donald Trump loves to give away money (or at least pretend to) as he makes "amazing deals." As media scholar David Altheide explained to me, "President Trump’s relentless assault on American institutions, economic theory, and the world economy is front and center of the world’s media."

Trump’s faux daily press briefing and access is more akin to the established TV format of game show host. See 'Let’s Make a Deal.' The super game show host masquerading as a President is seeking ratings, approval and recognition….As it should be. Or not. Trump continues to play at being the star of the show, and in keeping with the entertainment format and media logic that got him his start, continues to strive to be the dominant personality of the world. 

It is Trump’s understanding of “pocketbook voting” in the most literal sense (which includes turning the White House into a personal ATM for himself, his family, and inner circle) that may secure his and the MAGA movement’s hold over American politics for the foreseeable future.  

During his first term in office, Donald Trump made sure to put his name on the COVID relief checks that were sent to the American people. In a country where most Americans do not have $1,000 in case of an emergency, these COVID relief checks were a literal lifeline. These checks also created a personal connection between Donald Trump and the tens of millions of low-information and undecided voters who ultimately decided the outcome of the 2024 election. In contrast, President Biden made a choice not to sign the COVID relief checks that were sent out during the first term of his presidency. Moreover, Biden promised the American people $2,000 in relief money and then reneged (the final check was $1,400). Biden was punished at the polls for this choice, which was one of many errors in that sunk his electoral fortunes and those of Kamala Harris and the Democrats.

Now Trump and his MAGA Republicans in Congress are continuing with the “Trump bucks” strategy. As part of Trump's “Big Beautiful Bill” that is being forced through the Republican-controlled Congress (which is most certainly not “beautiful” for the American people as it takes hundreds of billions of dollars away from the neediest Americans and gives it to the very rich and corporations) the newest ploy is a proposed $1,000 in the form of “MAGA saving accounts” for children.

Related

Business Insider reports:

The "big, beautiful bill" that aligns with President Donald Trump's broader economic agenda and was unveiled by House Republicans on Monday includes a so-called "MAGA" savings accounts for kids.

Within the bill's draft is the creation of "Money account for growth and advancement" accounts, or "MAGA accounts," laying out a pilot program to launch the........

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