Ted Cruz: “There's going to be billions of dollars of new scholarships…”

“That's school choice and the Trump accounts. What we did in this bill is we created a tax credit for contributions to scholarship granting organizations. As a result, There's going to be billions of dollars of new scholarships for K through 12 education all across this country. And we're talking literally millions of kids, many of them low income, many African American, many Hispanic trapped in failing schools are going to be able to get scholarships, to get a great education, to go have a future.” (03:39–03:47)

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.