New Posts

Feb 8, 2016

Top 400 Taxpayers See Tax Rates Rise, But There’s More to the Story

As Americans were gathering party supplies to greet the New Year, the Internal Revenue Service released their annual report of cumulative tax data reported on the 400 tax r...

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Feb 4, 2016

Chlorine Bleach Plants Needlessly Endanger 63 Million Americans

Chlorine bleach plants across the U.S. put millions of Americans in danger of a chlorine gas release, a substance so toxic it has been used as a chemical weapon. Greenpeace’s new repo...

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Jan 25, 2016

U.S. Industrial Facilities Reported Fewer Toxic Releases in 2014

The Toxics Release Inventory (TRI) data for 2014 is now available. The good news: total toxic releases by reporting facilities decreased by nearly six percent from 2013 levels. Howe...

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Jan 22, 2016

Methane Causes Climate Change. Here's How the President Plans to Cut Emissions by 40-45 Percent.

  UPDATE (Jan. 22, 2016): Today, the Bureau of Land Management (BLM) released its proposed rule to reduce methane emissions...

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We Wish You a Merry Christmas and Happy Holidays

The Budget Brigade would like to wish you all a great holiday season and a super New Year. We would also like to thank all of our readers for following our work supporting us in 2008. We will be on vacation until January, but will return in 2009 to continue keeping an eye on things.

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Christmas Comes Early to Wall Street

We're on the verge of the holidays this Monday and the Associated Press reported yesterday that bank executives around the country received an early present this year, courtesy of Joe and Jane Taxpayer:

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Your Lips Say "No," but Your Law Says "Probably"

With the announcement of a TARP-sponsored bailout of GM and Chrysler, Treasury Secretary Henry Paulson said that the remaining $350 billion

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The Beginning of the End for Private Tax Collection?

The private tax collection program run by the IRS is in the news again. BNA reported yesterday that Ways and Means Chairman Charles Rangel (D-NY) and Oversight Subcommittee Chairman John Lewis (D-GA) (along with 12 other Ways and Means members) sent a letter to President-elect Obama urging him to end the private tax collection program. The House members quickly lay out the strong rationale for ending the program:

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2008 Fiscal Policy Year in Review

It's been an exceptional year. 2008 saw not only economic indicators that evoked memories of the Great Depression, but also a record-breaking federal budget deficit. The federal government, through several agencies, activated trillions of dollars in loans and asset guarantees. Congress approved the largest supplemental spending bill in its history and gave the Treasury Department the authority to expend the equivalent of three-fourths of the federal discretionary budget on one sector of the economy. But in many other ways, Congress proved to be unremarkable by staying true to its recent history of underachievement.

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Paulson Undercut Congress in TARP Law Negotiations

Disturbing story in The Washington Post this morning indicating that the executive compensation provisions in the Troubled Asset Relief Program (TARP) may not apply to any the firms that have received money under the plan.

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TARP Congressional Oversight Panel Goes Online

TARP's Congressional Oversight Panel (COP)-- one of the Troubled Asset Relief Program's (TARP) oversight institutions -- now has a website.

Pop on over to http://cop.senate.gov/ to follow the panel's reports and announcements.

Here's COP's chair Elizabeth Warren explaining the panel's duties.

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No Cover for TARP Chief

The Congressional Oversight Panel (appropriately acronym'd "COP") of TARP asked the really big question that the architects of the program has yet to answer: What's the point of TARP?

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TARP Oversight Committee Has a Few Questions for Treasury Dept.

The Congressional Oversight Panel, a committee created by the Troubled Asset Relief Program (TARP) legislation released its first report today. And because appointments to the panel were made only weeks ago, they had little time to conduct an investigation.

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Senate Finally Confirms SIGTARP

WaPo:

Neil M. Barofsky will become a special inspector general within the Treasury Department to audit and investigate spending by the Troubled Asset Relief Program.

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Resources & Research

Living in the Shadow of Danger: Poverty, Race, and Unequal Chemical Facility Hazards

People of color and people living in poverty, especially poor children of color, are significantly more likely...

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A Tale of Two Retirements: One for CEOs and One for the Rest of Us

The 100 largest CEO retirement funds are worth a combined $4.9 billion, equal to the entire retirement account savings of 41 percent of American fam...

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