These new accounts might provide a nice bonus for new parents, but most Americans might not be able to take full advantage of them.

The law will also "increase by 10 million the number of people without health insurance" over the coming decade, the nonpartisan Congressional Budget Office estimated.

WASHINGTON (AP) — President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the Congressional Budget Office reported Monday, a slight increase in the projection that takes into account the final tweaks that Republicans made before getting the legislation over the finish line.