Ken Paxton vs. James Talarico: The Texas Senate Race Just Shifted

Michael Dell just pledged $6.25 billion, Gwen Shotwell donated 2 million SpaceX shares, and American Airlines is matching employee contributions — Trump accounts are exploding, and Senator Ted Cruz breaks down exactly what it means for every child in America.

Senator Ted Cruz and Ben Ferguson recap the Austin CEO roundtable Cruz chaired alongside Michael Dell, featuring the CEOs of American Airlines, Bank of New York, and Robinhood, along with SpaceX President Gwen Shotwell, venture capitalist Brad Gerstner of Altimeter Capital, and White House AI and crypto czar David Sacks. Cruz — who authored the Trump Accounts legislation as part of the Working Families Tax Cut — explains how every child in America under 18 will have a personal investment account invested in the stock market to unlock the miracle of compound growth.

Cruz also details the two accelerants he built into the legislation — employer contributions and charitable gifts — and why Treasury guidance now allows donors to give individual shares of stock directly into Trump accounts. He details about Michael and Susan Dell, Gerstner, and Gwen Shotwell's philanthropy will supercharge Trump Accounts.

Cruz and Ben Ferguson also discuss the coming shift from opt-in to auto-enrollment being implemented by IRS CEO Frank Bisignano, the bipartisan letter Cruz co-authored with Senator Cory Booker to Fortune 1,000 CEOs, and the origin story of the legislation — a late-night poker game at the Bellagio with Phil Hellmuth that connected Cruz to Brad Gerstner and unleashed the idea of Trump Accounts.

In the second half of the episode, Cruz turns to the Texas Senate race and resurfaced 2020 video of Democrat candidate James Talarico telling Sierra Club activists that capitalism, climate change, and white supremacy are linked "systems of oppression" that need to be "dismantled." Cruz responds to Talarico's comments on ending oil and gas in Texas, his past votes on Chinese land purchases near military bases, and why Cruz believes Ken Paxton will win the seat.

Subscribe to Verdict with Ted Cruz, like this video, drop your take in the comments, and share this episode — especially the Talarico clip — with anyone who needs to see it.

#TedCruz #Verdict #TrumpAccounts #MichaelDell #SpaceX #GwenShotwell #JamesTalarico #KenPaxton #TexasSenate #InvestAmerica

Chapters

00:00 Trump Accounts Take Off: Cruz's Austin CEO Roundtable
02:42 The Two Accelerants: Employer Matches and Charitable Gifts03:16 Ben's Kids Investing in Real Time: Ford, SpaceX
04:46 Building a New Generation of Capitalists
07:09 Birthday Money, Bar Mitzvahs and Everyday Giving
09:32 American Airlines Matches, and Why Trump Accounts Beat the 401(k)
12:24 Gwen Shotwell's 2 Million SpaceX Shares and David Sacks on AI
15:18 Michael and Susan Dell's Scalable Philanthropy Model
18:37 Auto-Enrollment: Cruz vs. Treasury Career Lawyers
20:11 Brad Gerstner, the Three Amigos, and 7.3 Million Texas Kids23:12 The Bellagio Poker Game That Created Trump Accounts
26:29 Pivot to Texas: James Talarico's Resurfaced Sierra Club Zoom28:05 "Dismantle Capitalism": Talarico in His Own Words
29:19 Oil, Gas, Chinese Land Deals, and Why Paxton Wins Texas

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