Americans for Tax Reform: Gavin Newsom's Toddler Tax Will Raid Kids' Trump Accounts
March 06, 2026
March 06, 2026
WASHINGTON, March 6 -- Americans for Tax Reform posted the following commentary on March 4, 2026, by Rachel Loren:
* * *
Gavin Newsom's Toddler Tax Will Raid Kids' Trump Accounts
California is purposefully making it difficult for families to use Trump Accounts.
The California Franchise Tax Board announced it will refuse to treat newly created Trump Accounts as tax-deferred accounts for state tax purposes.
As the San Franc . . .
* * *
Gavin Newsom's Toddler Tax Will Raid Kids' Trump Accounts
California is purposefully making it difficult for families to use Trump Accounts.
The California Franchise Tax Board announced it will refuse to treat newly created Trump Accounts as tax-deferred accounts for state tax purposes.
As the San Franc . . .
