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Ted Cruz: “Hundreds of companies have already announced that they are…”

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

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

Published | Video Starts at 12:23

And one of the reasons there's so much invested in 401ks is most employers, certainly most large employers, either contribute to their employer employees 401ks or they match contributions to 401ks. And so that accelerates the growth a lot. There are Hundreds of companies have already announced that they are either going to contribute or match contribution [to] Trump accounts. And I think this is going to become a ubiquitous employee benefit, just like matching 401ks. I think it's going to be standard. (12:23–12:33)

CLAIM

Asserts that hundreds of companies plan to contribute or match contributions to Trump accounts.

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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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