Ted Cruz: “Only half of Americans have access to 401ks.”

“I thought this was a really important point the President touched on. Well, one, the Trump accounts just do that. So it gives people skin in the game. Even when the President pointed out Only half of Americans have access to 401ks. Yeah. He said we want to bring that other half of Americans, let them opt in to the thrift savings plan. That's an idea I've talked with the President and the White House about.” (55:38–55:42)

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.