Trump touts tax cuts and proposed "Trump accounts" as family and business benefits

At the Rome event, Donald J. Trump described his administration’s tax measures and promoted a child savings initiative he called "Trump accounts."

Trump said the "great big beautiful bill" bundled numerous tax breaks, including what he described as 100% expensing and extended bonus depreciation for equipment purchases. He credited those measures for encouraging investment — citing the crane at the plant as an example — and said they would help small businesses and seniors.

"These are the tax free investment accounts for every American child starting with $1,000 for every newborn baby," Trump said of the accounts, and he directed listeners to trumpaccounts.gov. The transcript records the promotional claim and the URL but does not include the program's statutory details, eligibility rules or an independent description of funding sources.

Kirk Cowan, introduced as owner of GMC Bay Mart, told listeners that permanent 100% bonus depreciation and other incentives made it feasible for his family business to invest in equipment and continue serving customers locally. Cowan’s comments were presented as first‑person testimony about business conditions.

All numerical claims in the transcript — including projected income gains, job counts and the $1,000 starting contribution for the child accounts — are attributed to the speakers and are not independently verified within the transcript.