Ted Cruz: “Our tax code has enormous impacts throughout society.”

“The Senate is going to include that same tax provision that gives a tax credit to individuals who are contributing to scholarship granting organizations in the states. Our tax code has enormous impacts throughout society. You look at other aspects of the tax code, things like the R and D tax credit. We want more research and development in the United States because it generates and produces jobs.” (02:07–02:12)

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.