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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CAP on Contract Reform

The Center for American Progress has a comprehensive new report on government contracting and how it could be reformed.

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New Report on Abusive and Wasteful Contracting Practices

In a new report to be released next Monday, the Center for American Progress details the horrendous state of the federal contracting process. The report examines what is presently known about the potential size and scope of wasteful and corrupt contracting within the federal government, provides the new Congress with useful guidance for developing a broader understanding of the problem, and outlines some steps that might be taken to restore greater transparency and accountability to the use of public funds in the procurement process.

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House Passes Small Business Contracting Bill

Yesterday, the House of Representatives overwhelmingly passed by a vote of 409 - 13 a bill designed to increase the percentage of federal contracts awarded to small businesses and limit the bundling of small projects and work orders into gigantic contracts. The White House declared their opposition to H.R. 1873 earlier this week, but stopped short of saying President Bush would veto it should it reach his desk. That's a pretty good thing since the vote in the House is more than enough to override a veto by the president.

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House to Bar Tax Delinquent Companies from Contracts

In one of the more common-sense moves of the 110th Congress, the House Oversight and Government Reform Committee, Subcommittee on Government Management, Organization, and Procurement unanimously approved a bill yesterday to prevent companies who owe federal taxes from being considered for government contracts. The bill (H.R. 1870) would target companies that owe at least $2,500 and have not paid the IRS or started a payment plan within 180 days of getting an assessment. During the mark-up, the bill's sponsor and subcommittee chairman Rep. Edolphus Towns (D-NY) offered an amendment that would help assuage concerns expressed by the Bush administration during hearings on the bill. The amendment would change the bill to incorporate the tax deliquency provisions into the regular contracting process. This change would still bar companies who owed taxes from receiving new contracts from the government, but would grant those companies due-process rights and opportunities to contest the government decision to bar them. Seems fair enough. The bill moves now to the full House Oversight and Government Reform committee, where it may encounter opposition ($) from ranking member Rep. Tom Davis (R-VA), who apparently thinks it's alright for companies not to pay taxes.

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Leaping Before Looking

It would be absurd to spend $10,000 to generate $1,000* in revenue. To avoid this sort of folly, organizations typically ascertain how much a new project will cost and how much revenue it will generate before they decide to implement it. Not so much for acting IRS Commissioner Kevin Brown (no link, sorry): [In testimony before the Financial Services and General Government Subcommitte] Brown said money collected by [private collection] agencies contributed funds to the treasury IRS does not have the resources to collect.

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More Bad News for Bush's Reading First Program

The hits just keep on coming for Reading First, one of President Bush's signature education programs. We reported last month that the program had selected the same contractor that was implementing the program to evaluate its effectiveness. This was on the heels of reports last fall that the Reading First program was using favoritism to steer program funds to certain reading programs over others.

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BudgetBlog - Now in RSS!

If you use a newsreader, you can subscribe the BudgetBlog. You can find the feed here. RSS? What's that?

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Temporary New Head of the IRS

A spokesman at the IRS announced yesterday that Deputy Commissioner Kevin Brown will become acting IRS commissioner May 4. Current Commissioner Mark Everson has accepted a position heading up the American Red Cross (see here and here for more on Everson's departure). In much the way a senior in college decided to go to graduate school to put off a decision about what to do with their life, the IRS said Brown would only be the acting commissioner for 25 days. For him to continue beyond that time would require White House approval.

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All You Ever Wanted to Know about Public Infrastructure Privatization

Business Week has an interesting article on public infrastructure privatization... Steve Hogan was in a bind. The executive director of Colorado's Northwest Parkway Public Highway Authority had run up $416 million in debt to build the 10-mile toll road between north Denver and the Boulder Turnpike, and he was starting to worry about the high payments. So he tried to refinance, asking bankers in late 2005 to pitch investors on new, lower-interest-rate bonds. But none of the hundreds of investors canvassed was interested.

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Estate Tax Audits- Important?

There's a good Wall Street Journal article today on the importance of estate tax audits. But it's missing some critical context. On one of the people in the story, a former estate tax auditor: Ms. New started auditing estate-tax returns in the IRS's Detroit office in the 1980s. She managed an estate-tax group from 2001 until early this year, when she took a buyout and went into private practice.

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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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