President Donald Trump's tax legislation included a provision called "Trump Accounts," which gives $1,000 to every newborn if their parents open an account.

They may not convince more people to have kids, but supporters say the accounts show the government is dedicating attention to children.

President Donald Trump is scheduled to make an announcement at 2 p.m. ET on Tuesday about the creation of so-called 'Trump accounts,' a new savings initiative aimed at helping American children build financial assets from an early age.