… legislators are waiting to see if they can increase the deduction for state income taxes, for local property taxes so they can spend more money. We have to realize that If the SALT caucus succeeds, there will be less money available here to lower the income tax on manufacturing. As President Trump tries to bring back American manufacturing jobs from China, from Korea, from Mexico, we will not have the money available to do eventually what I would like … (02:37–02:47)
CLAIM
Asserts that increasing state and local tax deductions would reduce funds for lowering manufacturing income tax.
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.
