"I think the objective is to have 70 million children under 18 to have a Trump Account," IRS CEO Frank Bigisnano said.

"I think the objective is to have 70 million children under 18 to have a Trump Account," IRS CEO Frank Bigisnano said.

IRS chief Frank Bisignano targets 70 million Trump Accounts, citing simpler enrollment, employer matching and philanthropy.

Trump Accounts are a traditional individual retirement account, or IRA, for children