Biden Challenger Wants to Give Every American Baby $1,000

Democratic presidential hopeful Representative Dean Phillips of Minnesota said on Tuesday he wants to give every American baby $1,000.

Phillips is running a long-shot campaign against Joe Biden’s reelection bid in 2024. In 2018, Phillips flipped Minnesota’s 3rd Congressional District and was the first Democrat to win there since 1958 as he went on to win reelection twice.

In late October 2023, the 54-year-old announced he would challenge Biden for the Democratic presidential nomination, saying the president should “pass the torch” to a new generation.

In an interview on Tuesday with CNN’s Jake Tapper, Phillips said he is “one candidate who can win” and that as he has been campaigning, he’s been listening to voters about the issues that affect them.

Phillips said that one of those issues is the cost of living, explaining that if elected, he would provide babies with an American Dream Account at birth, which is a $1,000 endowment that would be added to through their high school years.

“I’ve been listening and that’s what I do, when you campaign for any office, you listen to people,” Phillips told Tapper when asked about the difference between his and Biden’s policies. “And, I’ll tell you, it’s costs and chaos. When I’m president, I’m going to introduce something called ‘American Dream Accounts,’ the federal government endowing every baby born in America with a $1,000 account that will grow through their years, early years, and through high school.

“They’ll actually learn about investing in high school and elementary school. When they turn 18, if they graduate high school, they get an account that would be worth up to $20,000, so that we actually have the equality of opportunity in this country,” Phillips said.

This is a developing story and will be updated when more information is available.