WASHINGTON, Feb. 28 -- Americans for Tax Reform posted the following commentary on Feb. 26, 2026, by Rachel Loren:

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Gavin Newsom's Toddler Tax Will Raid Kids' Trump Accounts

The California Franchise Tax Board announced that it will refuse to treat newly created Trump Accounts as tax-deferred accounts for state tax purposes.

In doing so, California is purposefully making it difficult for families to fully utilize Trump accounts.

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