Create Universal Savings Accounts
What the document says“All taxpayers should be allowed to contribute up to $15,000 (adjusted for inflation) of post-tax earnings into Universal Savings”
The chapter proposes accounts holding up to $15,000 a year of post-tax earnings, indexed for inflation, whose gains would be untaxed and withdrawable at any time, and which would be flexible enough to hold investments such as a closely held business.
What the document actually says“All taxpayers should be allowed to contribute up to $15,000 (adjusted for inflation) of post-tax earnings into Universal Savings”
Let anyone put up to $15,000 a year into a savings account. It would come from pay already taxed.
You pay tax on money you earn. Then tax again on what it earns. The book wants an account where the second tax does not apply.
Read against the documents indexed here on August 26, 2026, and nothing was found that answers this. EO 14403 directs the Treasury to build TrumpIRA.gov by January 1, 2027, a website listing individual retirement accounts that meet stated cost and quality criteria and explaining the Federal Saver's Match enacted in the SECURE 2.0 Act. It creates no new kind of account. The account the chapter describes is not an individual retirement account: it would take up to $15,000 a year of post-tax earnings from any taxpayer, leave the gains untaxed and allow withdrawal at any time. The nearest new account in the record, the Trump account created by section 70204 of PL 119-21, is for children under 18, capped at $5,000 a year, taxed like an individual retirement account, and closed to withdrawals until the year the child turns 18. That is a record of a search, not a finding that nothing has happened: an act this site does not hold, or one that answers the proposal in words unlike its own, would not be caught by it.