    *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.
Election manifesto is a vision and misssion of contestent political parties that stand for upcoming election. This is an agenda for future plan made by the political parties wittheir the voters. If any political parties win the election that is bound to implement to the same that was pre-committed with the people.
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.