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Ted Cruz: “This is transformational victories for our kids and I'm glad…”

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

Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land...

Published July 10, 2026 | Video Starts at 35:36

But that being said, I welcome the support of Cory Booker. I welcome the support of Wes Moore and other Democrats. This is transformational victories for our kids and I'm glad to see Democrats supporting it and celebrating it as well. (35:36–35:44)

CLAIM

Asserts that the initiative is a transformational victory for children and is supported by Democrats.

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

“Michael and Susan Dell announced six and a quarter billion dollars they're giving away.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 16:06-16:11
“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.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 16:11-16:24
“Gwen Shotwell, the president of Space X, announced that she is giving and her husband, she and her husband together are giving $325 million…”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 20:58-21:13
“They took an equity stake of Intel.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 32:34-32:37
“The Trump accounts, the accounts I wrote the legislation, I created this program. They are now live.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 01:53-02:00
“They are investment accounts for every single child in America.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 01:59-02:04
“This week is when the Trump account's launched.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 02:39-02:42
“It is the number one app on the App Store since, since the moment it launched.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 06:28-06:34
“Millions of Americans are downloading the app for these Trump accounts, opening them for their kids.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 06:33-06:39
“We were in, in the Oval on Monday, and we were there because right at 9:30, put President Trump got to ring in the bell to the New York…”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 06:41-06:54
“New York Stock Exchange and Nasdaq are rival exchanges. They rarely cooperate. The heads of both were there in the Oval.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 06:53-07:02
“Trump accounts are about making every child and every American a capitalist.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 10:18-10:25
“Every one of our kids is now going to be an owner of the biggest producers in our country.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 10:25-10:32
“All 70 million children will have accounts open for them.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 11:41-11:46
“Hundreds of companies have already announced that they are either going to contribute or match contributions to Trump accounts.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 14:54-15:04
“The Treasury Department, the career lawyers there, frankly, have been resisting this program from the beginning.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 17:24-17:31
“The career treasury lawyers came back and said, okay, when, when a philanthropist is giving a gift, you can only put one criterion on it.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 18:32-18:44
“Treasury had been resisting allowing individual gifts of stock.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 20:50-20:56
“Treasury had not yet put out any guidance that Trump accounts could accept single stock gifts.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 22:39-22:48
“I wrote this bill so that every child in America, all 70 million kids, would automatically have an account open for them.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 22:52-23:02
“In one of them they had opt in, in another they had auto enroll. The one that had opt in, only 50% of the kids participated. The one that…”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 23:25-23:38
“The career lawyers and treasury were fighting tooth and nail [against auto enroll].”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 25:03-25:11
“Treasury put out a guidance saying Trump accounts can receive single stocks.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 26:42-26:48
“The Social Security Administration, when a new child is born, is going to work with that child's parents to open a Trump account at the time…”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 27:45-28:03
“There are about 70 million kids in America that are under 18.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 28:28-28:33
“President Trump is committed to auto enrolling all 70 million kids.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 29:21-29:26
“Millions of kids have enrolled, have gone and gotten the app and enrolled.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 29:42-29:47
“Illegal aliens are not eligible [for the accounts].”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 30:13-30:17
“You have to have a Social Security number [to open an account].”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 30:16-30:18
“The Trump administration has been very vocal about wanting to take equity stakes of companies.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 32:26-32:34
“They're talking about wanting an equity stake of OpenAI.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 32:36-32:41
“There are multiple Democrats now celebrating the Trump accounts.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 33:42-33:47
“Cory Booker did have an idea which he calls baby bonds, which is opening savings accounts for people that just pay interest.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 35:07-35:19
“Cory Booker voted against the Trump accounts.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 35:08-35:12
“What makes this idea so powerful is it's not interest, it is equity, it is ownership in the stock market.”
Historic Week Launching Trump Accounts for every Kid in America—the Inside Story behind this Land... | Uploaded July 10, 2026 | 35:22-35:29