http://www.atr.org/energy-tax-hike-series-lifo-explained-a3020
The FY 2010 Budget calls for companies to pay a tax on their “LIFO Reserveâ€.
This tax will mostly affect Energy Companies. And when the cost of energy goes up who pays?
As we all know, companies don't pay taxes, their customers do. Twice. This rather-obvious fact of economic life seems to have completely eluded approximately half of America, unfortunately.