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Glenn Grothman: “President Trump has proposed a $5,000 credit for people…”

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

Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits

Published May 19, 2025 | Video Starts at 00:54

President Trump is rightly obsessed with having America being the world leader in manufacturing. Another one of the debates is what we should do to encourage Americans to have more children. And President Trump has proposed a $5,000 credit for people having children. I think that might not be quite right. I personally prefer a new $5,000 exemption, but nevertheless, there's no time in life in which people are more financially strapped than when they have young children. (00:54–01:02)

CLAIM

Asserts that President Trump proposed a $5,000 credit for people having children.

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

“If a woman marries, say, the father of her children, she will lose 25 to $30,000 a year.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 05:46-05:54
“In the 50s, 4% of the children in this country were born out of wedlock. And now...over 40% of the children in the country were born out of…”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 06:01-06:22
“Low income tax credits are tax credits given to property developers equal to 10% of the value of what they spend on new apartments for nine…”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 10:55-11:12
“The government is paying for 70% of some people's projects [through low income tax credits].”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 11:14-11:23
“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…”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 14:16-14:30
“We may be paying more than $95,000 a unit [for housing in some areas in California].”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 15:07-15:24
“I personally prefer a new $5,000 exemption [for people having children].”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 01:04-01:08
“I am strongly opposed to, to the so called SALT caucus of people who desperately want to have a greater deduction for state and local taxes.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 01:16-01:30
“If the SALT caucus succeeds, there will be less money available here to lower the income tax on manufacturing.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 02:37-02:47
“President Trump tries to bring back American manufacturing jobs from China, from Korea, from Mexico.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 02:46-02:56
“There are many, many federal programs...designed to penalize young couples who get married.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 04:58-05:23
“The Great Society programs in the 1960s were designed to encourage this sort of behavior [children born out of wedlock].”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 05:55-06:11
“We are expanding the Pell Grant program, a program that has a marriage penalty associated with it.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 08:03-08:14
“We are expanding the low income housing tax credits... they do have a marriage penalty.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 08:13-08:30
“The earned income tax program, the Pell Grant program, the low income housing program, the Section 8 program... all of them have this…”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 09:01-09:01
“We are increasing the amount of tax credits that I'm told a very high number going to the biggest five banks in the United States.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 13:25-13:37
“It's up to states to distribute which property developers get the credits.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 14:34-14:40
“These credits have been around since the late 1980s.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 16:02-16:06
“In the early 80s you could depreciate an apartment building in 15 years. When they changed it to 27 and a half years, it greatly reduced the…”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 16:34-16:46
“The answer is not paying developers 70% the cost of their project.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 19:30-19:36