Ted Cruz: “They're giving away $250 to every child under age 10 who…”

“Michael and Susan Dell from Texas, Austin. They're both very good friends of mine. Worth over $200 billion. Well, they announced six and a quarter billion dollars they're giving away. And They're giving away $250 to every child under age 10 who lives in a zip code where the median income is $150,000 or less. And that means kids whose parents might not have the money to invest are going to start with that 250. And we're seeing lots of other entrepreneurs doing the same.” (16:11–16:24)

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.