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Ted Cruz: “Treasury had not yet put out any guidance that the Trump…”

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 20:08

I think the growth trajectory of especially those tech stocks historically has been incredibly high. And I think it's likely to continue to be very, very high. But Treasury had not yet put out any guidance that the Trump accounts could accept single stock gifts. So that was the second issue. And then the third issue was auto enroll. I wrote this bill so that every child In America, all 70 million kids, would automatically have an account open for them. (20:08–20:16)

CLAIM

Asserts that Treasury had not issued guidance on accepting single stock gifts in Trump accounts.

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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