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Ted Cruz: “Starting on July 4th, every child in America will have a…”

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

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Ted Cruz Reveals Huge Sum A Newborn Child Today Could Receive By 18 Thanks To 'Trump Account'

Published | Video Starts at 00:42

And the second provision is this provision right here, the Trump accounts. These Trump accounts. Starting on July 4th, every child in America will have a personal investment account opened for them. Newborn children will have it seeded with $1,000. Parents and family and employers can contribute up to 5,000 a year in a tax advantaged account. (00:42–00:49)

CLAIM

Asserts that every child in America will have a personal investment account opened starting on July 4th.

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.


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