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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The Social Security Trustees Report: End at Hand?

The Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds (read: Social Security) released their annual report yesterday. It must be absolutely disturbing to prompt these remarks from Treasury Secretary Henry Paulson: Without change, rising costs will drive government spending to unprecedented levels, consume nearly all projected federal revenues, and threaten America's future prosperity. I urge my friends in Congress to join me in a bipartisan effort to strengthen both programs for future retirees.

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Orszag: Long-Term Budget Problem is ALL Health Care

Peter Orszag, speaking at a conference on budget issues held by the Committee for a Responsible Federal Budget, gets the real long-term fiscal problem (emph. mine). ...the floor was given to CBO director Peter Orszag, who made the following three points.

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Smash Health Care Capitalism!

Writing for the commie-pinko Washington Monthly, Philip Longman, a fellow at the unabashedly socialist New America Foundation, has foreseen the end of the capitalist health care market and the coming of socialized medicine in America.

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Keeping Government out of the Boardroom

This week, the White House issued a statement asserting its opposition to the right of shareholders to voice an opinion about the way the companies they own should be run. The president takes issue with Rep. Barney Frank's (D-MA) Shareholder Vote on Executive Compensation Act (H.R. 1257), which "would require that public companies ensure that shareholders have an annual nonbinding advisory vote on their company's executive compensation plans."

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OMB's Portman Still Drinking the Kool-Aid

Rob Portman is in the Hill today, doing his best to spin the Congressional budget resolutions. One of his comments stands out: I'm disappointed that the budget pays for all that new spending with taxes, which I think will put at risk the very economic growth that has given us the increased revenues over the last few years to be able to reduce the deficit.

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Records for the Record

Tuesday was Tax Day, and if anything it' a reminder that, as Americans, we're all united by at least one thing: a four-digit number, "1040." That's right - even the president and vice president are just like everybody else on Tax Day.

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Progressivity, Part II: The Payroll Perspective

Following up on yesterday look at progressivity's tipping point: The Tax Policy Center released an article last week revealing that 65.9 percent of all "tax units" pay more payroll tax than income tax. The article notes that payroll tax is regressive with respect to current income -- the effective payroll tax rate falls as income rises. The income tax, in contrast, is progressive, even considering the deductions, loopholes, and other flattening provisions. Query: how long has the majority of taxpayers paid more in payroll than income tax, and whither is the trend tending?

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Why Health Care Is So Expensive In the US

Why are health care costs rising so fast? In the long-term, that is the most important question before the fiscal policy community. The long-term budget imbalance threatens to do great harm to government programs and the economy, and rising health care costs account for ALL of the spending that outpaces revenues for the foreseeable future. Not Social Security, not entitlements, not an aging population- health care programs, driven by rising prices in the private market.

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The Chunk of Your Tax Bill That Just Doesn't Matter

The Chaney Fiscal Theorem, which asserts that Deficits Don't Matter, was the dominant view underlying the tax and budget policies of the nation's governing party for most of this decade.

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How Good Was the Post-WW II era?

Craig excerpts an interesting article below that reminds us that there was once a time when the median wage tracked productivity- or, as I like to think, a time when people were paid what they earned.

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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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