PolitiQuote

Discover video-sourced quotes by politicians

Ted Cruz: “All of that money gets put in the stock market in the S&P…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

Watch on YouTube

Donald Trump's New Deal: Ted Cruz Shares The Inside Scoop Trump Accounts

Published | Video Starts at 11:11

So if you have a baby this year, 1000 bucks immediately appears in that account. And then parents and family and employers can invest up to 5,000 a year in a tax advantaged account. All of that money gets put in the stock market in the S&P 500. s and P500. And we deliberately wrote it so that there were two accelerators to make the capital appreciation happen more quickly. Number one, employers contributing and matching. (11:11–11:16)

CLAIM

Asserts that the invested money is placed in the S&P 500.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


Ted Cruz

Discover more from

Ted Cruz

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

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.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.