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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Samuelson Misremembers Recent Deficit History

Robert Samuelson's column in the Washington Post this morning is a broadside against entitlement spending. You see, Samuelson believes that Congress will never balance the budget because so many Americans receive welfare (read: Social Security, Medicare, Medicade) that cutting such programs is politically impossible. And because raising taxes is also politically impossible, eliminating the federal budget deficit is impossible.

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Baucus Says No to SS Privitization Nominee

Senate Finance Committee Chairman Max Baucus (D-MT) announced today he will not take up the nomination of Andrew Biggs to be Deputy Commissioner of the Social Security Administration. Biggs was nominated last year but was not confirmed and was re-nominated this year by President Bush. In making his announcement, Baucus said: Andrew Biggs

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Entitlement Enlightenment: Into the Bipartisian, Interbranch Breach

Senate Budget Committee chair Kent Conrad (D-ND) and OMB Direct Robert Portman outdid each other at yesterday's Committee hearing. They lavishly praised each other's sincerity and good-faith bipartisan commitment to restoring the nation's fiscal imbalances by guaranteeing long-term entitlement program solvency, taking pains and risks to be sure to leave everything on the table, sharing a good-natured chuckle at the off-message public comments of a naughty Vice President who tried take some minor taxware of the table in broad daylight. The lyrics to their Kumbaya cooing were as follows:

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Health Care Wrongness

A note on a budget meme that needs to be done in. The Washington Post: Some of its approaches, particularly the effort to restrain the growth of Medicare through additional means-testing and cutting payments to providers, are commendable; they merit more serious consideration by Congress than they appear destined to receive. The New York Times:

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OMB Watch Release Preliminary Budget Analysis

OMB Watch has released a preliminary analysis of the President's FY 08 Budget request. President's Budget Full of Cheap Rhetoric; Wrong Priorities President Favors Tax Cuts for the Wealthy over Domestic Needs Check back here for additional analyses and commentary on the budget as the week progresses.

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Projections and Prophecy

Sen. Kent Conrad (D-SD) must be getting bored. He's been having hearings on long-term fiscal issues, but pretty much every speaker has been saying the exact same thing: there's huge problems in Social Security, Medicare, and Medicaid, so we better start cutting benefits, and maybe find a way to raise revenues.

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Give With One Hand, Take With The Other

The Center on Budget and Policy Priorities has an big-time paper out on entitlement costs and the budget, where they both move forward the debate over future fiscal problems, and move it back. Laudably, they dispel the myth that there is an "entitlement" crisis. Many entitlement programs are actually going down in costs and getting more efficient. Just because the program is an entitlement doesn't mean it's got problems.

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Congressional Neglect Hits Timber-Dependent Communities

Last year's Congress failed to reauthorize the Secure Rural Schools and Community Self-Determiniation act, which provides a funding stream for rural areas suffering from the decline in the timber industry. Unless Congress acts soon, these rural communities may lose millions of federal funding. Oregon would be particularly hard-hit. The LA Times has more:

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Bush's Fiscal Rhetoric Falls Short

In case you missed it this morning, OMB Watch released a statement responding to the president's State of the Union address last night. In short, we were unimpressed with Bush's empty rhetoric about fiscal responsibility and balanced budgets. Bush's Fiscal Policy Rhetoric Continues to Fall Short

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Commissions & Task Forces & Working Groups, Oh My!

Yesterday afternoon, Sens. Dianne Feinstein (D-CA) and Pete Domenici (R-NM) announced plans to force Congress to consider changes to entitlement programs through the establishment of yet another commission. The Feinstein-Domenici plan would require a 15-member commission to deliver recommendations one year from the date it was established and would force, through specific deadlines, action by committees, debate on the floor or each chamber, and conference committee negotiations. Everything is scripted just so in the Feinstein/Domenici plan.

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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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