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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WaPo on the Drivers of Debt

They just can't help themselves

Last week, I noted the Washington Post's flawed execution of journalistic "even-handedness" in its editorial on President Obama's draft executive order (EO) on contractor disclosure. It seems the paper is once again leveling partisan disparities with a snazzy new interactive graphic on the drivers of our nation's debt, titled, "Votes that pushed us into the red."

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When Are We Going to Have a Real Discussion About the Deficit?

Sen. Jon Kyl (R-AZ) is getting specific about what the hostage takers Republicans want in exchange for raising the debt ceiling.

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Budget Process Stuck at Square One and In Danger of Irrelevance

From the outside, a great deal seems to be happening with the fiscal year (FY) 2012 budget process. The House debated a "clean" bill to raise the debt ceiling and is starting to vote on its yearly appropriations bills, and the Senate just voted on four budget proposals. But looks can be deceiving: despite these recent actions, the nation's budget process is teetering on the edge of irrelevance.

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Fixing the Deficit is Not Rocket Science


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Life After Debt Ceiling

On May 16, the United States Treasury auctioned off $72 billion in bonds, and as it did so, it reached the limit of its $14.294 trillion limit on how much it can legally borrow. But the world didn't end. Or at least the bond market -- the collective pool of investors that buy us debt -- went about its businesses as if nothing happened. A full on freak out by the bond market would drive up the cost U.S. borrowing and, according to Federal Reserve Chair Ben Bernanke, "destabilize" the financial system and "have extremely dire consequences for the U.S. economy."

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CBO Monthly Budget Review, May 2011

Congressional Budget Office

Last week, the Congressional Budget Office (CBO) released their latest Monthly Budget Review (MBR). While not as "salacious" as either the April or the February reports – at least in terms of how Capitol Hill is likely to react toward the release – this month’s review includes several interesting items.

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Yes, Speaker Boehner, There is a Revenue Problem

Yesterday, after a speech on his preferred course of action on raising the debt ceiling, House Speaker John Boehner (R-OH) said that "We do not have a revenue problem. We have a spending problem." Actually, the Speaker has a math problem.

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Commentary: Playing Chicken with the Debt Ceiling

Though it may be difficult to believe, Congress's budget trials and tribulations continue. While members of both parties are sorting through the details of April's fiscal year (FY) 2011 spending deal and sparring over the FY 2012 budget, the deadline to raise the nation's debt ceiling is fast approaching. Though the consequences of failing to increase the debt ceiling would be serious, some members of Congress have decided that they would rather play a game of "chicken" than address the issue in a responsible way.

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Forcing America to Choose Between Clean Air and a Stable Economy

The debate over raising the debt ceiling has become the latest front for the battle over the power of the U.S. Environmental Protection Agency (EPA) to protect the public from dirty air and climate change by setting standards for greenhouse gases.

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Bad Idea

"I thought it over, and putting the American at economy in grave peril once a year would solve all my issues, so I figure, let's do it six times a year."

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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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