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Moore defends InvestAmerica seed accounts as complement to expanded child tax credit
Summary
A constituent asked why private seed accounts for newborns (InvestAmerica) were favored over expanding the child tax credit. Congressman Blake Moore said both were advanced: a strengthened, indexed child tax credit and new seed accounts intended to promote long‑term savings for newborns.
A caller in South Ogden asked why the InvestAmerica private seed account model — described in the question as a $6.25 billion philanthropic input with a projected $15 billion taxpayer cost over 10 years — was being prioritized over expanding the child tax credit.
"These have been issues that I've been heavily involved with," Congressman Blake Moore said in response. He said Republicans secured an enlargement and permanent indexing of the child tax credit and…
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