As policymakers debate fiscal issues, including deficit reduction efforts, some have called for a retroactive repeal of the “last-in, first-out,” (LIFO) an inventory accounting method used by nearly 40 percent of U.S. businesses.

Sure it’s easy to single out the oil and gas industries, but it’s not just about us—a  retroactive repeal will have an enormous impact on domestic manufacturing jobs. Is it worth the risk? We don’t think so, nor will you after watching our interview with Jade West, Senior Vice President of Government Relations for the National Association of Wholesaler Distributors (NAW) and head of the LIFO Coalition.

 LIFO

 

AFPM Communications

Posted by AFPM Communications

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