    *NOTE to the author     there is a big difference between the two parties. Democrats are more liberal and Republicans are a lot more conservative.       Note to the Note   The question was related to the PARTIES, not the philosophy of individual members.
It works like this: a political party through its manifesto says-if you vote for me then I will do this for you. Uses: 1. Canvassing of vote for political parties 2. Helps people to decide which party to vote for 3.
The LIFO Election. 1  In adopting LIFO, an election must be made to use the method. Such election is not automatically granted. To make the election, the following must be done: 2  Form 970, Application to Use LIFO Method, or its equivalent must be completed, signed and attached to the return filed for the year of election.