Michael Grats News Today

Time to slap on taxes. what are these multibillion dollar breaks? we asked tax law expert professor michael grats of columbia law school. >> the rules are terribly arcane. theyre terribly complex. you know, i dont try and teach them to my students in a basic income tax class. >> one goes back to 1916, that graetz says allows oil companies to deduct roughly 17% the cost of creating a well that produces oil. a more current one came in 2004 called the domestic manufacturing deduction for manufactur...