Maryland Governor Wes Moore Commends Trump’s Child Investment Policy

Maryland Democratic Governor Wes Moore expressed support for President Donald Trump’s child investment accounts during a recent interview. While praising the policy, Moore criticized other parts of Trump’s agenda. He lauded the policy as a potential tool to address child poverty and the racial wealth gap. Moore compared the policy to baby bonds, a concept long advocated by Democrats and progressives as a means for children to accumulate wealth over time.

“I will give this administration credit for this,” Moore said, acknowledging the success of Trump’s policy compared to past attempts by other presidents.

Moore emphasized the importance of these accounts, likening them to baby bonds. He noted their potential in providing financial assets for children that can grow over time, subsequently offering economic mobility. Moore stated, “One of the fastest ways that you can address both child poverty and the racial wealth gap is actually baby bonds.”

Despite his admiration for the savings accounts, Moore remained critical of other components of Trump’s “Big Beautiful Bill,” also known as H.R. 1. He expressed concerns over tax cuts for billionaires and tax breaks for private plane owners, arguing that these actions hinder efforts to close the racial wealth gap. While endorsing the accounts as beneficial for children, Moore expressed concern over other elements of the legislation that may undermine progress.

The Maryland governor also dismissed the notion that baby bonds resemble socialism. Instead, he framed the idea as a way to make capitalism work for everyone. Moore acknowledged the effective role capitalism can play and stressed the importance of creating pathways for work, wages, and wealth, which he believes the child investment approach facilitates.

Governor Moore indicated his willingness to cooperate with the Trump administration when beneficial for Maryland residents. However, he maintained his stance against policies he considers detrimental to the state, saying, “I will work with anyone, but I will bow to no one.”

Trump Accounts are specifically for children under 18 with valid Social Security numbers and include a $1,000 pilot contribution for U.S. citizen children born between January 1, 2025, and December 31, 2028. Contributions began on July 4, 2026, allowing families and others to contribute up to $5,000 annually. These accounts are to be invested in broad stock-market index funds and are generally not accessible until the child reaches 18.