In this bill, we are in fact expanding the number of tax credits, which is to say expanding the amount of money that the property developers on these projects are going to make. 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. Tax credits the banks get. Furthermore, because there's only so many new rental housing units we need, it expands or you wind up crowding out the what I'll call legitimate developers and legitimate users of low income housing tax credits. (13:25–13:37)
CLAIM
Asserts that a high number of tax credits are going to the biggest five banks in the U.S.
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