Political Quotes

Ro Khanna: “The answer is it's over seven years. And what the intangible drilling deduction does is for oil companies, they get to…”

On the recordApril 21, 2021
The answer is it's over seven years. And what the intangible drilling deduction does is for oil companies, they get to deduct expenses on the first year for seven years.
Said by
Ro Khanna
Democratic · California

Editor's note · Context

Khanna explains the tax deduction for oil companies in relation to standard accounting practices.

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