Moore defends InvestAmerica seed accounts as complement to expanded child tax credit

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 also supported the new InvestAmerica accounts (which he sometimes called "Trump accounts" during the call). "So the real simple response... we actually were able to accomplish both," Moore said, adding that the child tax credit has been made permanent and was increased and tied to inflation.

Moore described InvestAmerica accounts as a new attempt to give newborns seed capital invested on their behalf: contributors including companies and philanthropies could begin putting money into accounts that the newborns could not access until adulthood. He said the accounts are designed to foster early saving and long‑term investment behavior, distinct from the immediate income relief provided by the child tax credit.

Moore disputed the caller’s cost framing by pointing to the difference in scale between the alleged 10‑year cost figure and other federal flows such as Social Security. He emphasized the programs have different objectives: "The child tax credit is more of a relief to families... but the other one is for their future only," he said. Moore characterized InvestAmerica as a complementary, long‑term measure rather than a replacement for near‑term assistance.

The transcript records constituents’ concerns about complexity (opt‑in processes, new IRS forms) and Moore’s policy rationale; it does not include independent cost scoring for InvestAmerica or confirm the caller’s $15 billion figure.