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Glenn Grothman: “The government is paying for 70% of some people's projects…”

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 11:14

Now there's a time value of money. But even given the time value of money, it means that The government is paying for 70% of some people's projects [through low income tax credits]. There are some requirements as to who you rent these to, but the requirements are not stringent. (11:14–11:23)

CLAIM

Asserts that the government covers 70% of some projects' costs through low income 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

“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…”
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“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
“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
“President Trump has proposed a $5,000 credit for people having children.”
Glenn Grothman's Speech on Tax Deductions, Family Incentives, and Low-Income Housing Credits | Uploaded May 19, 2025 | 00:54-01:02
“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.”
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“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…”
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“The answer is not paying developers 70% the cost of their project.”
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