Yahoo!: “One of the most consequential new proposals in the House GOP’s massive tax plan may carry a Donald Trump-inspired name — but it’s Ted Cruz’s brainchild.
The “money account for growth and advancement,” otherwise known as a “MAGA Account,” surprised plenty of tax policy mavens when it appeared in the long-awaited Republican bill released on Monday. It popped up, however, thanks to more than a year of intraparty advocacy by the Texas GOP senator.
Cruz initially used the name “Invest America” for his idea to seed tax-advantaged investment accounts with $1,000 for every newborn baby with a Social Security number, naming it after the coalition of businesses and philanthropists pushing the idea. It got a Trump-friendly rebrand on its way to the House Ways and Means committee’s tax cut measure; Cruz doesn’t mind that at all.”