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Ted Cruz: “We funded more than $24 billion billion with a B into the…”

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

Major Tax Cuts for virtually EVERY American Taxpayer, plus Bringing Ship-Building Back to America

Published June 3, 2026 | Video Starts at 20:59

And I did write. One of the subjects that is within the jurisdiction of the Commerce Committee is the Coast Guard. The the Coast Guard falls within our jurisdiction. We funded more than $24 billion billion with a B into the Coast Guard. That is the longest, largest single investment in the history of the United States in the Coast Guard. I want to give you a sense of the order of magnitude of that. (20:59–21:08)

CLAIM

Asserts that over $24 billion was allocated to the Coast Guard.

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

“97% of filers scored a cut.”
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“If we had not passed the working families tax cut, you know what would have happened on January 1st? There would have been a $5 trillion tax…”
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“The standard deduction was doubled. That simplified life for 127 million filers, which is equivalent to 90% of all returns filed.”
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“The annual budget of the coast guard is between 11 and 12 billion dollars in one year.”
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“The Trump administration signed a contract to purchase 11 new Arctic ice cutters.”
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“Galveston used to be the largest city in Texas.”
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“It remains the single most devastating natural disaster in US History.”
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“Nearly every American in this country got a meaningful tax cut from the working families tax cut.”
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“We're also going to talk about bringing manufacturing and shipbuilding back to America and in particular, defeating Russia and China in the…”
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“Boston, along with Philadelphia and New York, are probably the most important cities in the founding of our country.”
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“I still have hope even for bright blue states like [Massachusetts], that the pendulum can shift. But that being said, it hasn't shifted yet.”
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“The Trump administration is trying to take on the woke culture.”
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“If you're a taxpayer in America, the odds are overwhelming that you got a tax cut as a result of the working families tax cut last year that…”
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“Treasury officials said filers making 100,000 to 200,000 who tapped the new breaks pocketed an average cut topping $1,250.”
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“Those with incomes between 50,000 and 100,000 grabbed more than $815 on average.”
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“The average deduction was $7,000.”
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“More than 29 million filers [benefited from no tax on overtime].”
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“Three quarters of the people who benefited from no tax on overtime, their income fell under $100,000.”
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“96%. This was a targeted tax break to working class Americans who needed it.”
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“Zero in the House, zero in the Senate.”
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“86% are going to kids of families earning less than $200,000.”
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“More than 30 million Americans claim the deduction for no tax on Social Security. The average deduction is more than $7,500.”
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“The estimate is that the GDP is 1.2% greater than WOW. In 2026 this year. Next year it will be 1.4% greater in 2027 and then in 2028 it will…”
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“That is the longest, largest single investment in the history of the United States in the Coast Guard.”
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“We invested more than double the annual budget of the Coast Guard to rebuild their fleet.”
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“In Galveston we had a groundbreaking for a brand new shipyard where there's over a billion dollars being invested.”
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“It's going to create more than 2,000 jobs to build Arctic ice cutters.”
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“In 1900, there was a devastating hurricane that killed between 8,000 and 12,000 people in Galveston.”
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“In 1836, Galveston was the capital of the Republic of Texas.”
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