Ted Cruz wants Uncle Sam to give each American baby $1,000

Sen. Ted Cruz, R-Tx., has introduced a proposal for the federal government to provide $1,000 in an account for every American child.

The "Invest America Act" would create "a private tax-advantaged account with a $1,000 seed investment from the federal government for every American child at birth," according to a press release. 

People would also be able to add funds to the account.

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"Each Invest America account will be open to contributions from individuals, family members, fr...