Rapper and singer-songwriter Nikki Minaj on Wednesday (January 28) praised US President Donald Trump, saying she was ‘probably his number one fan’ and the hate against the president ‘motivates’ her to support him more.
“I will say that I am probably the president’s number one fan. And that’s not going to change, ” Minaj said after Trump asked her to come up and say a few words at an event in Washington. “And the the hate or what people have to say, it does not affect me at all. It actually motivates me to support him more. And it’s going to motivate all of us to support him more. ”
Minaj was attending the Treasury Department’s Trump Accounts Summit. Trump said Minaj was contributing to Trump Accounts, which is a type of individual retirement account. Trump said that all children born between 2025 and 2028 can quality for an initial $1000 from the Treasury when parents open an account.
The White House is setting up these investment accounts for newborns in the next three years with initial government seed money. Trump and his Republican Party have been seeking to address voters’ affordability concerns ahead of the November midterm elections.
“Decades from now, I believe the Trump accounts will be remembered as one of the most transformative policy innovations of all time,” Trump said at the Washington event, which welcomed many babies to underscore his administration’s pro-family messaging.
The accounts – named after Trump – were created last year under the president’s One Big Beautiful Bill Act, his party’s signature tax and spending legislation.
The White House is encouraging families to make additional contributions to these accounts, and some private investors have already contributed more, like the $6.25 billion investment by entrepreneur Michael Dell and his wife Susan.
White House press secretary Karoline Leavitt said on Wednesday the accounts would address the lack of savings accounts for many American families.
With no additional contributions, the administration expects the accounts to be worth $5,800 by the time the newborn babies turn 18.
But if families contribute the maximum $5,000 each year, Leavitt said the account could accrue almost $1.1 million by the time the newborn turns 28. She did not share calculations to explain how the administration arrived at that amount.
Financial analysts estimated that maxing out contributions would yield a portfolio of around $700,000 by age 28.
The analysts compared the Trump accounts to retirement accounts, as the account converts into a traditional IRA at age 18, and also noted that taxes will need to be assessed at the time of withdrawal.
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