LIFO Coalition Applauds LIFO’s Preservation
March 26, 2018
The LIFO Coalition applauds the pro-business, pro-growth approach taken by the Trump Administration and Congress which preserves the LIFO accounting method in recently passed tax reform legislation. Across the United States, businesses large and small can expect that their tax burdens in 2018 will be smaller than they were in 2017, including the millions of businesses representing manufacturing, wholesaling and retail that will be able to continue using the LIFO method to account for their inventories.
The Save LIFO Coalition stands ready to educate lawmakers and the public about the importance of LIFO to American businesses and to steadfastly watch for new threats and mount any necessary defenses to ensure the continuing availability of the LIFO method in the future.
If your business or organization has questions about LIFO or about the Coalition, do not hesitate to get involved. Contact the Save LIFO Coalition using this online form.