LIFO Blog


Wednesday, November 15, 2017

October CPI Highlights

The Bureau of Labor Statistics (BLS) released October 2017 Consumer Price Indexes (CPI) today. Shown below are historical inflation rates through October 2017 for selected CPI categories. BLS CPI Inflation Rates Through October 2017 Category Name 1 Month Oct ’17 Oct ’17 / Dec ’16 1 Year Oct ’17 3 Year Oct ’17 5 Year […]

Categories: LIFO Blog, BLS
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Tuesday, November 14, 2017

October PPI Highlights

The Bureau of Labor Statistics (BLS) released October 2017 Producer Price Indexes (PPI) today. On a seasonally unadjusted basis, the PPI for all commodities increased by 0.2%. Prices for final demand goods moved up 0.3 percent in October, the third straight increase. Over two-thirds of the October rise can be traced to the index for […]

Categories: LIFO Blog, BLS
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Monday, November 6, 2017

Senate Finance Committee Drafting Tax Reform Bill

Senate Finance Committee Drafting Tax Reform Bill Based on recent reports, sources indicate that at least two Senate Finance Committee members have stated that they favor LIFO repeal. Meanwhile, the House of Representatives held a press conference last week to announce the release of their tax reform plan, and the Ways and Means Committee unveiled […]

Categories: LIFO Blog, LIFO Repeal
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Thursday, November 2, 2017

Tax Cuts and Jobs Act: House Tax Reform Bill Details Released

Tax Cuts and Jobs Act: House Tax Reform Bill Details Released The House of Representatives held a press conference this morning to announce the release of their tax reform plan, and the Ways and Means Committee unveiled the full details of their 429 page tax bill, called the Tax Cuts and Jobs Act. A section-by-section […]

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Monday, October 30, 2017

LIFO InfoGraphic

Savelifo.org

LIFO InfoGraphic Preserve LIFO Resources

Categories: LIFO Blog, LIFO Repeal
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Friday, September 29, 2017

Why Trading LIFO Repeal for Reduced Corporate Rates is Unsound Tax Policy

Trading LIFO Repeal for Reduced Corporate Tax Rates is Unsound Tax Policy Congress Considering LIFO Repeal to Pay for Tax Reform Some members of Congress are considering using LIFO repeal to generate revenue for the reduction in corporate tax rates. Recent reports also indicate that several GOP Senate Finance Committee members strongly favor LIFO repeal, […]

Categories: LIFO Blog, LIFO Repeal
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Tuesday, September 19, 2017

The Economic & Budgetary Impact of LIFO Repeal

Tax Foundation Study: The Economic & Budgetary Impact of LIFO Repeal

Categories: LIFO Blog, LIFO Repeal
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Monday, September 18, 2017

Reasons for Congress to Keep the LIFO Inventory Method

Reasons for Congress to Preserve LIFO History of LIFO The last-in, first-out (LIFO) inventory method has been an acceptable accounting method in the U.S. tax code for more than 75 years. Recently, the Senate Finance Committee has proposed eliminating the LIFO method to pay for corporate tax rate reductions that will be included in their […]

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Sunday, June 18, 2017

LIFO Coalition Meeting Highlights

LIFO Coalition Meeting Highlights The LIFO Coalition held a meeting in Washington, DC on Monday, June 12th. LIFO-PRO attended the meeting and also met with LIFO Coalition Executive Secretariat Jade West on Tuesday. Highlights of these meetings are provided below: LIFO Repeal Update As of the date of this meeting, LIFO repeal is not part […]

Categories: LIFO Blog, LIFO Repeal
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Friday, May 12, 2017

April ’17 PPI Top 10 Gainers

April PPI Top 10 Gainers The Bureau of Labor Statistics (BLS) released April 2017 PPI yesterday. Listed below are the top 10 gainers by PPI Category Code & Name:

Categories: LIFO Blog, BLS
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