There’s a “Serious Proposal” to give Babies born in the US $20,000 (Live) 4-15-2018

“I like the idea of giving every baby born in America a $5,000 account that will grow over time, so that when that young person turns 18, if they have finished high school, they will be able to access it to go to college, or maybe they will be able to make that down payment on their first home,” Clinton said at the time.

When asked where the money would come from, Hamilton points to all the incentives in the tax code, such as the mortgage interest deduction, that mainly go to wealthy families who don’t need the money, although the recent debate over the Republican tax bill illustrated how hard it is to take away tax breaks for housing.

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