Scott Bessent: “Institutional investors can deduct borrowing amounts and…”

“They continue to do it. And there's a, there's an unfair tax arbitrage there. The you and I have a mortgage. We can deduct the mortgage amount, Institutional investors can deduct borrowing amounts and expense repairs and depreciation. So we think that it is a good idea to have them out of the market.” (20:44–20:51)

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.