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Ted Cruz: “Trump accounts are 401ks for kids.”

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

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State of the Union Extravaganza

Published | Video Starts at 51:03

And listen, when Congress passed section 401k of ERISA, nobody knew how fundamentally they were changing how Americans save for retirement. Yeah. Today there's more than $12 trillion in 401k accounts. Trump accounts are 401ks for kids. Yeah. So in very short order, you're going to see trillions of dollars in there. The two accelerators. One is that employers can contribute or match. (51:03–51:06)

CLAIM

Asserts that Trump accounts function similarly to 401k accounts but are intended for children.

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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About PolitiQuote

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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