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Scott Bessent: “That is not for the rich. So it is for the bottom 80% of…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Speaker Johnson, Secretary Bessent, and Rep. Ciscomani Deliver Remarks with Arizona Manufacturers

Published | Video Starts at 24:57

But I'm telling everyone with children 18 or under to open the accounts because we're also seeing some of our grand philanthropists, like Susan and Michael Dell have put up $6.25 billion for children across America. And That is not for the rich. So it is for the bottom 80% of earners in zip codes. And my family and I have championed financial literacy for more than a decade. And I think that this is going to be the real time experiment in financial literacy. (24:57–25:04)

CLAIM

Asserts that the $6.25 billion contribution is intended for the bottom 80% of earners.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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