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TC Ted Cruz Ted Cruz U.S. Senator from Texas who co-hosts a political podcast and weekend radio show with Ben Ferguson, recapping the week's politics and news.

“Cory Booker is a liberal Democrat from New Jersey. He and I together co-authored a letter to the CEO of every one of the Fortune 1000 companies urging every one of them to contribute to the Trump accounts of the kids of their employees”

The Ben Ferguson Podcast · US Politics · September 2026

“Cory Booker is a liberal Democrat from New Jersey. He and I together co-authored a letter to the CEO of every one of the Fortune 1000 companies urging every one of them to contribute to the Trump accounts of the kids of their employees” — Ted Cruz on Cory Booker, The Ben Ferguson Podcast

Context

Sen. Ted Cruz (R-Texas) on his Verdict podcast, discussing a CEO roundtable on "Trump accounts" investment accounts for children. He describes a bipartisan effort with Sen. Booker to encourage employer contributions.

Transcript

The Ben Ferguson Podcast Around 10:17 into the episode
Speaker 3

Well, and on the employer side, so we had Robert Eisen, the CEO of American Airlines there, and American Airlines announced that they're going to match the contributions to Trump accounts for all their employees.

Speaker 5

Incredible.

Speaker 3

And they have employees all over the country. They have 40,000 employees just in the state of Texas. And you look at those employees for those kids, I think this is going to become a ubiquitous employee benefit, just like 401k accounts are now. And to give you a sense... Why do I say the Trump accounts are the most consequential element of the working family's tax cut? You know, in 1974 is when Congress passed Section 401k of ERISA. And I don't think anyone in Congress had any idea how fundamentally they were changing how Americans save for retirement. Today, Ben, there's more than $ 12 trillion invested in 401k accounts. It's a massive amount of cash. Trump accounts are 401ks for kids. They're going to be We're going to have trillions of dollars invested in Trump accounts and the employer contributions. Dell is doing it. American is doing it. Lots and lots of companies are doing so. But then the second piece of it, and I'm urging, you know, Cory Booker. This is also there's now bipartisan support for this. Cory Booker…

Speaker 1

Which is a game changer. It's a massive game changer.

Speaker 3

One of the people at the roundtable was Gwen Shotwell. Now, Gwen is the president and chief operating officer of SpaceX. And obviously SpaceX just had a massive IPO.

Speaker 1

Yep.

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.

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