CNBC News Releases

CNBC Excerpts: Senator Ted Cruz Speaks with CNBC's "Squawk Box" Today


WHEN: Today, Friday, April 15th

WHERE: CNBC's "Squawk Box"

Following are excerpts from the unofficial transcript of a CNBC interview with Senator and Republican presidential candidate Ted Cruz on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) today, Friday, April 15th. Following are links to the video on, and

All references must be sourced to CNBC.


I think the minimum wage systematically hurts the most vulnerable. Now I think it is within a state's constitutional authority to have a minimum wage, so if New York wants to do that, if California wants to do that, they have the power to do it. I think it's bad policy.


My tax plan is simple. It is a simple flat tax for a typical family of four. First $36,000 you earn, you pay nothing. Zero income tax, zero payroll tax – nothing. Above $36,000 each marginal dollar you pay a simple flat tax of 10%. No longer is a hedge fund billionaire paying a lower effective tax rate than a secretary. Everyone pays the exact same.


Every income group from the very poorest to the very richest sees a double digit increase in after-tax pay. The average family in America under the Cruz simple flat tax will take home $7,600 more. That's real money that makes a difference for someone struggling to make ends meet.


I am perfectly happy, I've said this from the day I was elected, to compromise with anyone, Republican, Democrat, Independent, Libertarian. I've joked I've compromised with Martians – if they're willing to shrink the size and power of the federal government. If they're willing to reduce the burdens on small businesses to create economic growth. If they're willing to protect the bill of rights. What I don't support is compromise that goes backwards. That makes the situation worse.


The Fed has, for those with assets, has driven up stock prices, has driven up assets values, but that's not built on anything real. It's not built on an increase in the intrinsic value of those assets. It's just based on playing games with money which means a crash will be coming.

About CNBC:

With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD, CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 386 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 15 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 7:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.

CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms including:; CNBC PRO, the premium, integrated desktop/mobile service that provides live access to CNBC programming, exclusive video content and global market data and analysis; a suite of CNBC mobile products including the CNBC Apps for iOS, Android and Windows devices; and additional products such as the CNBC App for the Apple Watch and Apple TV.

Members of the media can receive more information about CNBC and its programming on the NBCUniversal Media Village Web site at

For more information about NBCUniversal, please visit