The Economic & Budgetary Impact of LIFO Repeal
According to the Tax Foundation LIFO repeal would reduce GDP by $11.6 billion per year & end up reducing federal revenue by $518 million annually. Read more
Facts & Figures Favoring the Acceptability, Preferability & Preservation of LIFO
Summary of the defining principles of the LIFO method & authoritative references that played pivotal roles in its inception.
Senators Cassidy, Isakson & Thune Seeking LIFO Repeal
Key Senate Finance Committee Members Speak Out In Favor of LIFO Repeal
July 2017 CPI Highlights
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in July on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today.
July 2017 PPI Highlights
The Producer Price Index for final demand declined 0.1 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today.
Companies Urged to Contact Congress in Support of LIFO
It is extremely important for LIFO tax-paying businesses & CPA firms to voice their support for LIFO to their respective members of Congress.
LIFO Coalition Meeting Highlights
LIFO-PRO brings you highlights of recent LIFO Coalition meetings and tax reform developments that pertain to LIFO all from our LIFO Coalition Blog Page!
April ’17 PPI Top 10 Gainers
Visit LIFO-PRO’s Bureau of Labor Statistics (BLS) Producer Price Index (PPI) Blog for the top 10 PPI gainers of the month & the BLS PPI News Release.
April ’17 CPI Top Five Gainers
Visit LIFO-PRO’s Bureau of Labor Statistics (BLS) Consumer Price Index (CPI) Blog for the top 5 CPI gainers of the month & the BLS CPI News Release.
March ’17 CPI Top Five Gainers
Visit LIFO-PRO’s Bureau of Labor Statistics (BLS) Consumer Price Index (CPI) Blog for the top 5 CPI gainers of the month & the BLS CPI News Release.
March ’17 PPI Top 10 Gainers
Visit LIFO-PRO’s Bureau of Labor Statistics (BLS) Producer Price Index (PPI) Blog for the top 10 PPI gainers of the month & the BLS PPI News Release.
Clarifying the Acceptability of Differing Book & Tax LIFO Methods
Many accountants have misinterpreted the LIFO conformity rules; this has led them into thinking that uniform use of Book & Tax LIFO methods are required.