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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Tax Cuts for the Rich will Make Rich People Richer

Letting the '01-'03 tax cuts for upper-income households expire may or may not adversely affect job creation*, but at the end of the day, it's important to keep in mind that these tax cuts for the rich are just another means to transfer large piles of cash to people who already make boatloads of it.

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CBO Monthly Budget Review, July 2010

We don't have two nickels...

On Friday, the Congressional Budget Office (CBO) released its Monthly Budget Review (MBR) for July. The review provides an assessment of the federal budget through the first ten months of fiscal year 2010. According to the CBO, we have racked up a roughly $1.2 trillion deficit so far, which is about $90 billion less than the deficit last year at this time.

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Is Ben Nelson this Confused on Other Policy Issues?

'Can you tell me where I'm going?'

Connor Kenny, an editor at OpenCongress, put a great piece up on the Huffington Post yesterday. It was an analysis of the nonprofit's recent scorecard on how each senator has voted on extending unemployment benefits over the past two years. Along with discovering "a few head scratchers," the report finds "at least one irrefutable truth": "[Sen.] Ben Nelson [D-NE] has a whacked-out definition of 'fiscal responsibility.'"

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The '01 - '03 Tax Cuts Are Expensive

(click to enlarge)

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Americans for a Fair Estate Tax Urges Senators to Co-Sponsor the Responsible Estate Tax Act

WASHINGTON, July 26, 2010—Americans for a Fair Estate Tax (AFET), a coalition of national and state organizations, sent a letter to the Senate today asking members to co-sponsor the Responsible Estate Tax Act, S. 3533. Over seventy organizations, including major labor, religious, social equity, and good government groups, are urging senators to support the bill. OMB Watch is a member of AFET and signed on to the letter.

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What's Right with Kent Conrad?

Despite his misguided suggestion that the Bust Tax Cuts for the wealthy be extended, Senate Budget Committee Chair Kent Conrad (D-ND) also believes that more spending in the short-term should trump policies to begin paring back the national debt.

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Why Must Congress Pay for Extending UI Benefits but Not Tax Cuts?

Dollars and Sense

Tomorrow, if all goes according to plan, the Senate should finally pass an extension of unemployment insurance (UI) benefits to more than 2.5 million unemployed workers who have gone without a check for over six weeks. Central to this delay were Republican and a moderate Democrat's demands that Congress pay for the emergency extension. Many of those same members of Congress, however, change their tune when it comes to extending the Bush Tax Cuts.

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Fiscal Commission Suffering from a Raging Case of the Stupid

A dunce cap is still culturally relevant when referencing idiocy, right?

Over the weekend, former Sen. Alan Simpson (R-WY) and Erskine Bowles, the co-chairmen of the president's debt and deficit commission, spoke to the National Governors Association in Boston. During their speech, Simpson and Bowles hinted at the recommendations their group will make to Congress later this year. Despite pleas to the contrary – including during its recent public hearing – the commission seems bent on a package composed mostly of spending and entitlement cuts.

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CBO Monthly Budget Review, June 2010

Can a Piggy Bank be 'Underwater'?

On Wednesday, the Congressional Budget Office (CBO) released its Monthly Budget Review (MBR) for the month of June, providing a review of the federal budget through the first nine months of fiscal year 2010. It seems that revenues were about the same as they were last year at this time, but spending was down about 3 percent. These factors have combined to provide the country with a roughly $1.0 trillion deficit so far this year, which is "about $80 billion less than the shortfall last year at this time."

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Krugman: Unemployed and the Country at Large Need UI Extension

Mr. Paul Krugman

Writing in the New York Times over the long weekend, Nobel laureate Paul Krugman continued to make the case for more government stimulus of the economy. He wasn't advocating for the usual stimulus that funds road and bridge projects or shores up state budgets – though that is still needed. He was promoting unemployment insurance (UI), which is helping to hold the economy together by keeping the jobless in their homes and food on their tables as they slog through "the worst job market since the Great Depression."

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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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more resources