Maryland’s Democratic Governor Wes Moore expressed support for a new policy implemented by President Donald Trump. The policy involves child investment accounts, which Moore believes could effectively address child poverty and the racial wealth gap. Moore’s comments came during an interview on “The Clay Cane Show” podcast.

While Moore criticized other aspects of Trump’s agenda, he acknowledged the significance of this particular policy. “I will give this administration credit for this,” Moore remarked, pointing out that past Democratic and Republican presidents had not successfully implemented such a measure. He likened the accounts to baby bonds, a concept long supported by Democrats and progressive groups to help children accumulate wealth over time.

“I’m so with you because, honestly, it’s a good idea,” Moore stated. “It’s essentially the same thing that we’ve been advocating for, which is like baby bonds.” Moore explained that these accounts could offer children a financial asset that grows with age, providing economic mobility.

Moore highlighted the accounts’ potential in bridging both child poverty and the racial wealth gap. “One of the fastest ways to address both child poverty and the racial wealth gap is baby bonds,” he explained. “This provides children an opportunity for economic mobility.”

Despite praising the savings accounts, Moore criticized aspects of H.R. 1, also known as the “Big Beautiful Bill,” passed by Republicans to further Trump’s agenda. Moore highlighted tax cuts for billionaires and private plane owners as problematic elements that undermine efforts to close the racial wealth gap.

The governor reiterated the benefits of the savings accounts themselves, stating, “Even though these savings accounts are good things for kids, other policies in H.R. 1 moved us backwards in addressing the racial wealth gap.”

When host Cane raised concerns that baby bonds could resemble socialism, Moore countered by asserting that the idea focuses on making capitalism widely beneficial. “It’s about making capitalism work for everyone,” he said. Moore described capitalism as an effective system for creating opportunities, provided it remains uncorrupted.

He argued that Trump Accounts offer children a chance to benefit from the stock market’s growth. “The savings account enables young people, children, babies, to gain from the stock market,” Moore explained.

While acknowledging beneficial policies, Moore emphasized his readiness to collaborate with Trump when it benefits Maryland’s residents but vowed to oppose harmful policies. “I will work with anyone, but I will bow to no one,” he declared.

The IRS described Trump Accounts as being for children under 18 with valid Social Security numbers, starting with a $1,000 pilot contribution for U.S. citizen children born between January 1, 2025, and December 31, 2028. Contributions to these accounts began on July 4, 2026, allowing families to contribute up to $5,000 annually. Investments in broad stock-market index funds are generally locked until the child turns 18.