All Posts Tagged With: "Meredith Publishing"

Saving Jobs By Saving LIFO Accounting

In his recent visit to our state, President Obama toured Alcoa, one of the world’s largest manufacturers of aluminum, located in Davenport, IA. As a part of his visit, President Obama praised the manufacturing sector of the economy and touted the strong growth of private sector jobs over the last 15-months of his administration. President Obama also mentioned in his speech that not only had Alcoa rehired laid-off workers, but that it was anticipating the need to add new employees to its workforce.

I am delighted that the President recognizes the positive impact private sector manufacturers are having on the economy, but what he failed to mention as a part of his visit was that he is advocating for repeal of the Last-In, First-Out accounting …


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