Spending Transparency

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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FY 2007 Budget Request Will Show Tight Spending Constraints

Jan 11, 2006 by Matthew Madia

The release of the President's budget is less than a month away, and Treasury Secretary John Snow has made it clear the budget will "call for sacrifices, no doubt about it." Like last year's "tough budget," this year's slicing and dicing is an attempt by the administration both to appear tough on spending, as well as help them pare the down the deficit -- a whopping $318 billion last year -- even further.

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Congress to Increase Debt Limit for Fourth Time In Four Years

Jan 10, 2006 by Matthew Madia

Last April Congress called for an increase in the debt limit -- the national debt is expected to hit $8,184 billion in mid-February -- however they have yet to act. Lawmakers are expected to take up the issue in February after voting on final tax and budget reconciliation bills, marking the fourth time during President Bush's presidency the debt limit has needed to be raised.

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$119 Billion Deficit in First Quarter of 2006

Jan 9, 2006 by Matthew Madia

The Congressional Budget Office released the Monthly Budget Review on Friday, in which they reported the federal budget deficit for the first quarter of 2006 as being $119 billion. This figure is fairly close to the shortfall seen in the first quarter last year.

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House Democrats Put Forth Reform Package

Jan 6, 2006 by Adam Hughes*

House Democrats David Obey (D-WI), Barney Frank (D-MA), David Price (D-NC), and Tom Allen (D-ME) have produced a 14-point package to reform House rules. The package is cosponsored by 120 House Democrats, including Minority Leader Pelosi (D-CA) and Minority Whip Hoyer (D-MD).

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GDP Growth At 4.1 Percent

Dec 21, 2005 by Guest Blogger

The Commerce Department reported today the economy grew by 4.1 percent in the fourth quarter, despite surging energy prices. Business growth was slightly lower than the government had previously estimated it would be. This growth was attributed to high consumer demand, especially for cars, as well as business investment.

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Tax Gap Is The Highest It's Been In 46 Years

Dec 20, 2005 by Guest Blogger

The tax gap is the gap between personal income and adjusted gross income (AGI), and it is currently the highest it has been in 46 years worth of data analyzed by the Bureau of Economic Analysis.

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Congress Clears Katrina Tax Package

Dec 19, 2005 by Guest Blogger

On Friday, the House and Senate approved by unanimous consent a package of tax breaks (H.R. 4440) that are meant to help individuals and businesses in the Gulf Coast region. The Senate accepted the House's decision to exclude casino's and liquor stores from the tax measure, which provides a bonus depreciation deduction for property in the Gulf, as well as a carryback of net operating losses. Thte Joint Committee on Taxation scored the cost of the bill at about $7.8 billion over five years.

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CBO Releases Another Depressing Long-Term Outlook

Dec 16, 2005 by Adam Hughes*

The Congressional Budget Office released their Long-term Budget Outlook today, in which they noted Even if taxation reached levels that were unprecedented in the United States, current spending policies could become financially unsustainable. An evergrowing burden of federal debt held by the public would have a corrosive and potentially contractionary effect on the economy.

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GOP Budget Policies Don't Honor Or Promote Work

Dec 15, 2005 by Adam Hughes*

We have been saying a lot lately that Congressional GOP budget and tax policies look out for the wealthy by providing them with tax cuts, while at the same time hurt the poor by robbing social programs of funding in the name of fiscal responsibility and deficit reduction. While this is true, there is more to the picture. As Josh Lynn and Robert Gordon have recently discussed at Think Progress and in the American Prospect, the latest GOP policies are also responsible for discouraging hard work and self-reliance - two ideals endlessly promoted in conservative rhetoric. Lynn and Gordon write

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House Passes Labor/HHS Bill; ANWR Attached To Defense Bill

Dec 15, 2005 by Guest Blogger

The House passed a $602 billion Labor/HHS Appropriations bill yesterday by a close vote of 215-213, nearly one month after twenty-two Republicans surprisingly voted with Democrats to defeat the initial bill that came out of conference. In the vote, all Democrats and only 12 Republicans voted against the bill, which provides $142.5 billion in discretionary funding (the remainder is automatic spending on entitlement programs). This discretionary amount is 0.1 percent - or $163 million - less than what was appropriated for FY 2005, and $785 million more than President Bush’s budget request.

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