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Ted Cruz: “The career treasury lawyers came back and said, okay, when a…”

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 16:00

That's called legislating. And they just were dug in. I mean, it was a year long battle. So the three issues that a week out were real problems. Number one, The career treasury lawyers came back and said, okay, when a philanthropist is giving a gift, you can only put one criterion on it. You can't put two or three criteria on it. And so let's take Michael Dell's gift. They came and said, look, I'm sorry, dell cannot give $250 to every child under 10 in every zip code where the median income is under $150,000. (16:00–16:12)

CLAIM

Asserts that Treasury lawyers restricted philanthropists to one criterion for gifts.

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