Senator Ted Cruz on Tax Bill, FAA Reform and LA Protests

Legislative & Policy Focus - The Senate Commerce Committee is working to pass a bill to deliver on promises made to the American people, including securing the border, rebuilding the military, and extending the 2017 tax cuts [2][3] - The bill includes a $12.5 billion investment in modernizing air traffic control systems, addressing outdated equipment and embracing modern technology like GPS [8][9][10] - The Commerce Committee is considering a tweak to the moratorium on state aid laws, tying it to the federal broadband expansion program, which may face challenges before the parliamentarian [4][5] - The senator advocates for technology decisions based on merit, citing the $42 billion broadband program that failed to connect a single home due to dislike of StarLink [11][12] Economic Impact & Investment - The senator introduced a provision to create an investment account for every newborn child in America, with an initial $1,000 and the potential for $5,000 annual contributions [21] - Assuming historical S&P 500 growth rates, a child with this account could have $170,000 by age 18 and $700,000 by age 35 [22] - Failure to act by December 31st would result in an automatic $4 trillion tax increase, negatively impacting working families and small businesses [16] Social & Political Issues - The senator criticizes Democrat politicians for not supporting law enforcement and for siding with illegal immigrants and violent criminals [28] - The senator supports the federal government's authority to enforce federal law, drawing parallels to the civil rights movement [30] - The senator believes birthright citizenship encourages illegal immigration and has long advocated for changing that policy [19]