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Ted Cruz: “That is the longest, largest single investment in the…”

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

Major Tax Cuts for virtually EVERY American Taxpayer, plus Bringing Ship-Building Back to America

Published June 3, 2026 | Video Starts at 21:07

The the Coast Guard falls within our jurisdiction. We funded more than $24 billion billion with a B into the Coast Guard. That is the longest, largest single investment in the history of the United States in the Coast Guard. I want to give you a sense of the order of magnitude of that. The annual budget of the coast guard is between 11 and 12 billion dollars in one year. (21:07–21:13)

CLAIM

Asserts that the investment is the largest in U.S. history for the Coast Guard.

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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Ted Cruz

“97% of filers scored a cut.”
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“If we had not passed the working families tax cut, you know what would have happened on January 1st? There would have been a $5 trillion tax…”
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“The standard deduction was doubled. That simplified life for 127 million filers, which is equivalent to 90% of all returns filed.”
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“We funded more than $24 billion billion with a B into the Coast Guard.”
Major Tax Cuts for virtually EVERY American Taxpayer, plus Bringing Ship-Building Back to America | Uploaded June 3, 2026 | 20:59-21:08
“The annual budget of the coast guard is between 11 and 12 billion dollars in one year.”
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“The Trump administration signed a contract to purchase 11 new Arctic ice cutters.”
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“Galveston used to be the largest city in Texas.”
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“It remains the single most devastating natural disaster in US History.”
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“Nearly every American in this country got a meaningful tax cut from the working families tax cut.”
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“We're also going to talk about bringing manufacturing and shipbuilding back to America and in particular, defeating Russia and China in the…”
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“Boston, along with Philadelphia and New York, are probably the most important cities in the founding of our country.”
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“I still have hope even for bright blue states like [Massachusetts], that the pendulum can shift. But that being said, it hasn't shifted yet.”
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“The Trump administration is trying to take on the woke culture.”
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“If you're a taxpayer in America, the odds are overwhelming that you got a tax cut as a result of the working families tax cut last year that…”
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“Almost every US Tax filer got a cut this year, coming to a total of $82 billion in relief.”
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“Treasury officials said filers making 100,000 to 200,000 who tapped the new breaks pocketed an average cut topping $1,250.”
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“Those with incomes between 50,000 and 100,000 grabbed more than $815 on average.”
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“More than 7.5 million workers claim the no tax on tips tax break.”
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“The average deduction was $7,000.”
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“More than 29 million filers [benefited from no tax on overtime].”
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“Three quarters of the people who benefited from no tax on overtime, their income fell under $100,000.”
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“96%. This was a targeted tax break to working class Americans who needed it.”
Major Tax Cuts for virtually EVERY American Taxpayer, plus Bringing Ship-Building Back to America | Uploaded June 3, 2026 | 14:27-14:36
“Zero in the House, zero in the Senate.”
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“86% are going to kids of families earning less than $200,000.”
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“More than 30 million Americans claim the deduction for no tax on Social Security. The average deduction is more than $7,500.”
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“The estimate is that the GDP is 1.2% greater than WOW. In 2026 this year. Next year it will be 1.4% greater in 2027 and then in 2028 it will…”
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“We invested more than double the annual budget of the Coast Guard to rebuild their fleet.”
Major Tax Cuts for virtually EVERY American Taxpayer, plus Bringing Ship-Building Back to America | Uploaded June 3, 2026 | 21:23-21:29
“In Galveston we had a groundbreaking for a brand new shipyard where there's over a billion dollars being invested.”
Major Tax Cuts for virtually EVERY American Taxpayer, plus Bringing Ship-Building Back to America | Uploaded June 3, 2026 | 22:18-22:26
“It's going to create more than 2,000 jobs to build Arctic ice cutters.”
Major Tax Cuts for virtually EVERY American Taxpayer, plus Bringing Ship-Building Back to America | Uploaded June 3, 2026 | 22:25-22:30
“In 1900, there was a devastating hurricane that killed between 8,000 and 12,000 people in Galveston.”
Major Tax Cuts for virtually EVERY American Taxpayer, plus Bringing Ship-Building Back to America | Uploaded June 3, 2026 | 25:49-25:58
“In 1836, Galveston was the capital of the Republic of Texas.”
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“The bill we wrote, we had the funding for what was likely to be five to six Arctic ice cutters.”
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“The proposal, the legislation that had been passed was funding to build five to six new ice cutters.”
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“Trump said, that's not enough. I don't want five to six, I want 11.”
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“They found new funding that had been appropriated by Congress.”
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“There's several ice cutters being built in Louisiana, there's several being built in Texas.”
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“We're getting thousands and thousands of new jobs.”
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“We're going to be able to compete with and protect our national security in the Arctic against Russia and China.”
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