A local politician claimed, to reduce the governments deficit, its time we require companies to start paying

Question:

A local politician claimed, “to reduce the government’s deficit, it’s time we require companies to start paying their deferred income tax liabilities.”Explain to the politician what deferred income taxes represent and why they should not be viewed as to the government.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...