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Item of Interest

While ASA continues to remain bearish on comprehensive tax reform's success in 2014, prior to his appointment to Ambassador of China, Senate Finance Committee Chairman Max Baucus produced a series of staff discussion drafts requesting comment from outside groups such as ASA. In the draft, they expanded 179 expensing, which we can support; however, it also calls for a full repeal of LIFO, something we cannot support. View our letter opposing this proposal. more

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