Newsom heaps praise on Trump Accounts, raising 2028 suspicions across the political spectrum

By 
, August 27, 2026

California Gov. Gavin Newsom broke sharply from his usual posture toward the Trump administration to call the president's children's investment program "one of the best things he's done", a move conservatives say reeks of 2028 positioning.

Newsom appeared at a Friday news conference alongside California first lady Jennifer Siebel Newsom and urged families across the state to open Trump Accounts for their newborns. The governor, who has spent years building a national brand as one of President Trump's loudest Democratic critics, did not hedge. He told reporters he is "enthusiastic about encouraging people to get a Trump account" and called the program "incredibly important," Fox News reported.

The praise landed like a thunderclap in conservative media, not because anyone objected to the policy, but because of who was delivering the endorsement and what he likely wants in return.

A $1,000 federal investment Newsom wants Californians to claim

Trump Accounts, formally known as 530a accounts, were created with bipartisan backing from Sen. Ted Cruz, R-Texas, and Sen. Cory Booker, D-N.J. The program provides a market-indexed nest egg starting at $1,000 for every child born during Trump's second term, covering children born between January 1, 2025, and December 31, 2028. Families can contribute up to $5,000 annually into the tax-advantaged accounts, the New York Post reported.

The program officially launched on July 4 after being signed into law as part of the One Big Beautiful Bill Act. Dell CEO Michael Dell and his wife Susan announced a philanthropic gift of more than $6 billion to the program, according to the Washington Examiner.

Newsom went further than a polite nod. He warned Californians not to "fall prey" to politics or cynicism, or "even the fear that if I download a Trump account somehow that means something." His message was blunt: "It doesn't, it just means something for your kid. It's not Trump's money. It's your child's money."

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He also promoted California's own CalKIDS program, which targets education expenses and was championed by Jennifer Siebel Newsom. Newsom said California was the "first state in the country" to make 5.5 million students eligible for CalKIDS. But the Sacramento Bee reported that CalKIDS has not had the same successful launch as Trump Accounts, a comparison that makes Newsom's enthusiasm for the federal program all the more conspicuous.

California is now partnering with Invest America to promote both CalKIDS accounts and federal Trump Accounts side by side, Just The News reported. Newsom also enrolled California in the federal foster youth component of the Trump Accounts program after a call from former Republican Gov. Doug Ducey and requested state appropriations to fund it.

Conservative author Charles Hurt: 'He is so thirsty'

The right was not buying Newsom's sudden warmth at face value. Conservative author Charles Hurt appeared on "Fox & Friends Weekend" and framed the praise as a calculated move by a man already running for president in all but name.

Hurt told viewers:

"Gavin Newsom, who fancies himself a 2028 nominee, has come out and said that he completely supports this and that he thinks it's the best thing President Trump has ever done."

His verdict was two words: "He is so thirsty."

Former White House press secretary Dana Perino, speaking on Fox News' "The Five," saw a longer game. She suggested the Trump Accounts issue could become a litmus test in a crowded Democratic primary field.

"I think this is going to pit some of the 20 candidates [against each other at debates if they are collectively asked] 'Will you keep Trump accounts?'"

That question could force Democrats into an uncomfortable choice: embrace a popular program with Trump's name on it, or reject a policy that puts money into children's accounts to score partisan points. An Urban Institute survey found 76% of American adults support government-backed "baby bonds", a number that makes opposition politically risky.

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Newsom's record of confrontation makes the reversal hard to miss

Newsom has not spent the last several years building bridges with the Trump White House. He participated in a nationally televised debate with Gov. Ron DeSantis on Fox News Channel in 2023, positioning himself as a leading Democratic voice against conservative governance. He has used public addresses to directly challenge Trump's agenda on multiple fronts.

On January 24, 2025, Newsom and Trump shook hands in Los Angeles, a moment captured in photographs, but the handshake did not signal a broader shift in tone. Newsom continued positioning himself as a national Democratic figure willing to confront the administration.

Now the governor who built his profile on opposition is calling a signature Trump initiative "one of the really outstanding things this administration has done" and saying officials "deserve a lot of credit." The pivot is not subtle.

Newsom has called 2028 presidential speculation "wildly premature." But he told the Los Angeles Times that "I'd be lying" if he said he hasn't thought about running. Those two statements sit side by side, and the gap between them is wide enough to drive a campaign bus through.

The governor also faces growing legal scrutiny closer to home, with a federal corruption probe that has expanded in scope. Newsom has claimed the DOJ investigation is payback for his presidential ambitions, a claim that, if nothing else, confirms those ambitions are real enough to serve as his own defense.

California Republicans welcome the praise but aren't holding their breath

California Assembly Minority Leader Alexandra Macedo, R-Tulare, offered a measured response. She told Fox News Digital that Newsom's cooperation was encouraging, with a caveat that landed harder than the compliment.

"It is good to see Gavin Newsom working with the Trump administration and recognizing a good idea when he sees one. Hopefully this is not Halley's Comet. Californians should not have to wait another 75 years for Newsom to do it again."

Fox News host Jesse Watters drew a broader historical comparison. He pointed to George W. Bush's plan to privatize Social Security, calculating that returns for seniors under that approach would have doubled and the program would be solvent instead of facing potential insolvency in the 2030s. Trump Accounts, Watters suggested, succeed where Bush's plan failed, by giving families ownership of real assets without touching existing entitlements.

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On social media, the reaction mixed amusement with suspicion. Conservative podcaster Chad Law noted that "the outgoing Golden State governor and 2028 White House hopeful" was now enthusiastically backing "the Republican leader's initiative." The X account Defiant L's, known for cataloging perceived liberal contradictions, posted a four-word reaction: "Did something happen to Newsom?"

One X user offered a drier read: "Uh oh... Newsom might have a decent campaign manager telling him to sound moderate, rational and team-building."

Newsom's potential 2028 rivals include Rep. Alexandria Ocasio-Cortez of New York, former Transportation Secretary Pete Buttigieg, and Pennsylvania Gov. Josh Shapiro. If Perino is right that Trump Accounts become a debate-stage litmus test, Newsom just planted his flag on the popular side of the issue, and dared the rest of the field to follow him there.

President Trump has promoted the accounts alongside his broader tax-cut agenda at rallies and public events, building grassroots support for the program well before Newsom's endorsement arrived. Newsom's praise, in that light, looks less like leadership and more like a late arrival to a parade already in progress.

When a politician who has spent years opposing everything a president stands for suddenly calls one of his signature programs "one of the best things he's done," the compliment tells you less about the policy than about the ambition of the person delivering it.

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