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Glenn Grothman: “A significant number of these [tax] credits go to some of…”

Featuring: Glenn Grothman, Republican | U.S. House of Representatives, Wisconsin, District 6

Glenn Grothman's Address on Tax Policy and Thunberger Syndrome

Published May 11, 2025 | Video Starts at 07:54

This means getting, what do we say, getting lawyers, experts in LIHTAC involved so that these credits can be transferred. A significant number of these [tax] credits go to some of the largest banks in the country. And of course, the largest banks in the country I'm sure would love to have Congress change the provisions so that they were able to use still more tax credits … (07:54–08:00)

CLAIM

Asserts that large banks receive a significant number of tax credits.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Glenn Grothman

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“Hamas invade[d] Israel and kill[ed] over a million people with pride.”
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“The wealthiest people are Indian Americans. The second wealthiest are Filipino Americans.”
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“There are clearly going to be some tax cuts in this budget.”
Glenn Grothman's Address on Tax Policy and Thunberger Syndrome | Uploaded May 11, 2025 | 01:03-01:09
“Our goal will be to continue with tax cuts that were put in place in 2017, but add some others.”
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“Some people want taxes, and I'm one of them, to be lower on manufacturers because manufacturers have to compete with other countries.”
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“We have a problem in this country and that not enough people are having children.”
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“There are people who want to change the tax code to encourage local governments and state governments to raise taxes.”
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“There's a provision called the SALT provision in which they want to make tax deductible state and local taxes.”
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“The government through tax credits pay for 70% of the cost of a building.”
Glenn Grothman's Address on Tax Policy and Thunberger Syndrome | Uploaded May 11, 2025 | 06:23-06:32
“There's no guarantee that any of these rents will be below market rate.”
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“Some of the people who live in these projects will be able to use vouchers, what we call section 8 vouchers.”
Glenn Grothman's Address on Tax Policy and Thunberger Syndrome | Uploaded May 11, 2025 | 08:49-08:56
“There are state governments and local governments which are hostile to business in general and hostile to developers in particular.”
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“I hope the negotiators...think about getting rid of the low-income housing tax credits and use the $13 billion a year...somewhere else.”
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“There are demonstrations in this country hostile to Israel and favorable to Hamas.”
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“Greta Thunberg also wound up siding with the Palestinians who had killed the Israelis against the Israelis.”
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“People with Thunberger syndrome do not get mad at things done by what used to be called Third world countries.”
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“They never worry about the plethora of new coal plants going up in Red China or going up in India.”
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“They don't care about Muslims who are dying in other wars.”
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“They don't care at all about all the suffering of the Muslims in Western China, the Uyghurs.”
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“The United States and the west will fall if a significant number of their populace winds up...adapting causes that are hostile to The West.”
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“President Biden had [bizarre opinions] about the United States being such a racist community.”
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“People come here from Cuba and do so fantastically well.”
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“They hate wealth production. They certainly hate energy production, even when it is new energy that is fantastically clean.”
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“Western countries wind up in armed conflict with horrific opponents like Hamas is, but for psychological reasons, they side with Hamas.”
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