Sen. Cruz Joins Michael Dell, Brad Gerstner, and Frank Bisignano in Austin to Highlight Texas Leadership on Trump Accounts

AUSTIN, Texas – U.S. Sen. Ted Cruz (R-Texas) participated in a press conference and executive roundtable with Michael Dell, founder, chairman and CEO of Dell Technologies, Brad Gerstner, founder, chairman and CEO of Altimeter Capital, Frank Bisignano, CEO of the IRS, and dozens of Texas business leaders. The discussion focused on how employers can make a generational impact on American families’ financial futures by contributing to Trump Accounts for their employees’ children. As part of that effort, American Airlines announced it will match the $1,000 federal contribution to Trump Accounts for eligible employees’ children. The company will also allow eligible employees to put as much as $2,500 of pretax earnings each year into a Trump Account. Click here or the image above to watch the full press conference. Sen. Cruz said, “Trump Accounts are one of the most transformational policies ever enacted into law. Every child in America will have a personal investment account that he or she owns, and every child will experience the miracle of compound growth. That changes their entire future, and we are creating a whole new generation of capitalists as our kids become owners of the biggest employers in America. I believe within a few years we will see Trump Accounts as a standard employee benefit across the country. Thank you to Brad for bringing me the idea, President Trump for signing my legislation into law, and Michael and Susan Dell for leading the way with their historic $6.25 billion commitment. Texas leads the way.” BACKGROUND Trump Accounts , legislation authored by Sen. Cruz and established by law as part of the Working Families Tax Cuts Act , are private, tax-advantaged accounts for every American child, seeded with a $1,000 investment from the federal government for children born between Jan. 1, 2025, and Dec. 31, 2028. Trump Accounts, available now for all children 18 and under, allow for contributions from individuals, family members, and friends up to $5,000 annually. Employers may contribute $2,500 per year. Earlier this month, the U.S. Department of the Treasury announced guidance addressing employer-sponsored programs for contributions to Trump Accounts.