Taxes

Refiners and Tax Day: Producing More Than Just Fuels

By mid-January, news sources have thoroughly exhausted reports on American’s Yuletide spending and attention inevitably turns to the day of reckoning: Tax Day. Thanks to Abraham Lincoln, this year procrastinating taxpayers get a few extra days to file and that...

/ April 15, 2016

Citizens for Tax Justice could not be more wrong on LIFO

Maggie Lyons, the Director of Government Relations for LIFO Coalition member National Grocers Association, has written a guest post for Petro Primer: On October 27, Steve Wamhoff at Citizens for Tax Justice (CTJ) wrote a post entitled “Senators Defend LIFO, a...

/ November 6, 2014

Why the Center for American Progress is wrong on LIFO

Jade West, the Senior Vice President-Government Relations for the National Association of Wholesaler-Distributors and head of the LIFO Coalition, has written a guest post for Petro Primer: On September 23, the Center for American Progress (CAP) published a report titled The...

/ September 24, 2014

Making Sense of Last-In, First-Out (LIFO) and We Aren’t Talking About Your Work Schedule

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.

/ July 22, 2014