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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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Dem Leadership Send Debt Limit Letter

Today Sens. Harry Reid (D-NV), Max Baucus (D-MT) and Kent Conrad (D-ND) sent a letter to Majority Leader Bill Frist (R-TN) concerning the Debt Limit. Senators Baucus and Conrad spoke on the floor today to discuss this issue and the letter.
  • The charts used by Senator Conrad
  • The letter to Sen. Frist

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Treasury Department Reports Deficit on an Accrual Basis

The Treasury Department sent a report to Congress in December, reporting the FY05 federal deficit on an accrual basis as being $760 billion, a far higher number than $319 billion, which is what is generally accepted as the deficit level for FY05. The $319 billion number uses the government's accepted barometer of cash outlays versus revenues, while the $760 billion number takes into account accrued benefits owed to veterans and federal employees. Rep. Jim Cooper (D-TN), a member of the Blue Dog Coalition, said:

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Tax Cuts Contribute to Growing Gap in Income Inequality

As this telling article from the Bangor Daily News points out, we are a society with striking differences between the rich and the poor. Minimum wage policy, tax policy, and changes in the demand and supply for skilled employees have exacerbated this income inquality to the point where in 2000, the top 1 percent of wage earners owned 10 percent of the nation's total income. The average income of American families has fallen from 2001 - 2004. The current administration's tax policies are adding to this problem. The article says:

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Tax Cuts Do Not Add to the Treasury

The other day Vice President Cheney said before a group of conservatives: "The evidence is in, it's time for everyone to admit that sensible tax cuts increase economic growth, and add to the federal treasury."

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Economic Report of the President Released

February 13 President Bush issued his 2006 Economic Report to Congress. The eleven chapters cover many issue areas including the workforce, retirement savings, the U.S. tax system, and the financial services sector. The chapter on taxation discussed the U.S. tax system's high corporate tax rate and double taxation of corporate profits. This attention reflects the Bush administration's dedication to extending low investment tax rates.

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Bush's Budget Plan Includes Hidden Cuts, Document Reveals

An eye-opening article in today's Washington Post says that internal White House documents indicate that meeting the president's goal of cutting the deficit in half will involve a significant amount of cutting to domestic programs -- even to those supposedly "favored" by President Bush.

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Bush's Social Security Plan Rears Its Ugly Head

Despite providing the State of the Union address with its only truly funny section, President Bush's Social Security overhaul plan was barely mentioned during the speech. Bush proposed instead the classic "bipartisan commission" to put off real debate and most likely push the problem to someone else beyond his presidency. Yet the much publicized and thoroughly failed policies of Social Security privitization have not disappeared. In fact, they have been included in the FY 2007 budget release.

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U.S. Government in Debt up to its Eyeballs

President Bush's FY 2007 budget released on Monday allocated $441.3 billion for interest payments on the debt during fiscal year 2007. That's a huge 39 percent increase over the $318 billion spent four years ago and a 25 percent increase from the $352 billion spent last year. The president's allocation is a 11 percent increase over last year's request.

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Initial Analysis of the President's 2007 Budget

The president's Fiscal Year 2007 (FY 07) budget would set the nation on a dangerous fiscal path and does nothing to honestly address the federal government's looming budgetary challenges. The budget--totaling $2.77 trillion--would make permanent the president's first-term tax cuts, which primarily benefit the wealthy, and pay for those cuts in part by cutting some entitlement programs and drastically reducing domestic discretionary spending (outside of homeland security and defense).

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You're Doing a Heckuva Job Georgie: Debunking the State of the Union

OMB Watch has written an analysis debunking some of the statements made by President Bush in the 2006 State of the Union address. Be sure to check it out.

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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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