WASHINGTON \u2014 An initiative backed by billionaires Bill Ackman and Charles Schwab is launching a six-figure advertising campaign in DC this week to tout President Trump\u2019s American Dream Accounts.<\/p>\n
The initiative, Save Match Grow, is footing the bill for a mobile billboard to drive through Washington and share information about the retirement accounts<\/a> for tens of millions of workers who don\u2019t currently have access to a 401(k) or another workplace plan.<\/p>\n \u201cCongress can act to secure the financial future of millions by expanding American Dream Accounts,\u201d said Save Match Grow spokeswoman Jessica Anderson. \u201cWe need leaders to seize the momentum put in motion by the administration and pass legislation to expand eligibility and boost the value of the federal match.\u201d<\/p>\n The group, Save Match Grow, is footing the bill for a mobile billboard to drive through Washington. Save Match Grow<\/p>\n \u201cThis new program is the type of innovative, transformative policy that rewards work and empowers workers to secure their American Dream,\u201d she added. \u201cThe American people are already enthusiastic about this program, and we urge Congress to act expeditiously to cement this bold, commonsense proposal.\u201d<\/p>\n Photos from the group show the billboard car driving near the US Treasury Department on Monday.<\/p>\n On April 30, Trump signed executive action setting up the IRAs for low-income earners who will each receive a yearly federal matching contribution of up to $1,000.<\/p>\n Ackman supported Trump\u2019s 2024 campaign and is now throwing his weight behind the Trump American Dream Accounts initiative. ZUMAPRESS.com<\/p>\n Individuals making less than $35,500 annually, heads of household making\u00a0$53,250 per year,\u00a0or couples making $71,000 each year are all eligible, amounting to more than 40 million Americans without traditional retirement accounts.<\/p>\n