Ted Cruz: “All of that will be invested in the S&P 500 [or] a broad…”

“Newborn children will have a thousand dollars automatically se which is amazing. Parents, families, employers can put up to $5,000 a year in a tax advantaged account. And All of that will be invested in the S&P 500 [or] a broad based equity index. invested in the stock market. Two massive benefits from this. Number one, every child in America will get the benefit of compound growth. And that is incredibly powerful.” (22:30–22:38)

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.