It's currently costing us, even under current law, about $13.8 billion a year in tax credits which are going to these well connected developers. I think one thing will also tell you that they're well connected is It's up to states to distribute which property developers get the credits. Well, what do you think is going to happen? It's going to be the same people who know the same bureaucrats who are connected with the same politicians who are going to get these credits again and again and again, again. (14:34–14:40)
CLAIM
Asserts that states decide which developers receive 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.
