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Ted Cruz: “Today, there's more than $12 trillion invested in 401ks.”

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 11:54

And at the time, I doubt anyone in Congress understood how fundamentally they were changing how Americans save for retirement. Trump accounts are 401ks for kids. Today, there's more than $12 trillion invested in 401ks. In very short order, you're going to see trillions of dollars invested in Trump accounts for kids. (11:54–12:01)

CLAIM

Asserts that over $12 trillion is currently invested in 401ks.

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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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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