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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Tell Congress To Pass Bill To Give More Kids Health Care!

1-866-544-7573. That's the toll-free number you can call to urge your representatives in Congress to pass an expansion of SCHIP and Medicare reforms (for more on the House and Senate versions of the bill, read this Watcher article). Negotiations over those bills have stalled, and it's vital that Congress hear that they need to pass the most progressive expansion ppossible before the program's authorization expires on September 30th.

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Unions Improve Low-Wage Work

From Inclusion and CEPR, a great report on how unions can raise incomes and benefits for low-wage workers. Unionized workers in low-wage jobs made 16 percent more than non-unionized workers, and were 25 percent more likely to get health insurance, and 25 percent more likely to get a pension. And that matters a lot: These union effects are large by any measure. To put these findings into perspective, between 1996 and 2000, a period of sustained, low unemployment that helped to produce the best wage growth

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Econo-think

Martin Feldstein is resigning as the head of the National Bureau of Economic Research, which as I understand is the commanding heights of the economics profession. To get your head around how he and his peers think, take a look at this excerpt from an address he wrote a few months ago: So economic policy changes occur as the ideas of the economics profession change and as those ideas become more widely diffused. By the late 1970s, many economists had abandoned their old Keynesian views as a result both of experience — especially the poor economic performance of the late 1960s and the

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JEC Press Release Touts Flawed Inequality Measure

Doing the work of his moneyed constituency, Joint Economic Committee ranking member Rep. Jim Saxton (R-NJ) issued a press release this week proclaiming that inequality in American remains unchanged since 2001. Citing the Census Bureau's latest Gini Coefficient, a numerical measure of income inequality, Saxon warns Congress about enacting any legislation aimed at curbing inequality.

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Anchored SCHIP

CQ (subscription) reports that negotiations over SCHIP between the Houe and Senate have stalled. Lawmakers left the Capitol on Wednesday in a stalemate over children's health insurance, increasing the likelihood of a short-term extension of the program's funding.

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National Debt Limit Approaches 14-Digit Mark

To follow up on yesterday's post, Debt on Arrival, the Senate Finance committee acted today, voice voting to increase the debt limit by $850 billion to close to $10 trillion. That's a 14-digit figure, in case you are counting.

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Debt on Arrival

The country's single most sobering fiscal milestone -- or millstone -- may be when the national debt reaches another trillion dollars. During the United States' first 225 years in existence, such an occasion has transpired five times -- when Bill Clinton left office, the national debt was $5.95 trillion. During the presidency of George W. Bush, it has occurred four times. The fifth time is a grim inevitability sometime this fall, with the Senate prepared to increase the statutory debt limit to nearly $10 trillion, a new all-time record, in the next few weeks.

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Links

The Washington Monthly has two interesting articles on how to reduce the cost of health care- and at the same time, expand coverage and improve quality. Proof once again that there are humane and just ways to deal with the long-term fiscal gap. Jason Furman, of the Brookings Institution's Hamilton Project, testified to Congress on the real "dynamic" affect of the regressive Bush tax cuts- they'll be a net loss for three-quarters of all taxpayers, who'll be burdened with paying them off in taxes and benefit cuts over the long haul. In other words, tax cuts don't pay for themselves- people do.

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Americans Dislike Rising Inequality, Contrary to Popular Belief

It is commonly assumed that Americans do not oppose increasing inequality. After all, a consensus among social scientists exists that most Americans favor equality of opportunity over equality of outcome, and the public has supported welfare state retrenchment and regressive tax cuts, both of which increase inequality. However, this belief may be a misinterpretation of American values and policy preferences.

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Census Report Shows Working Americans Falling Behind

The U.S. Census Bureau released its annual report, Income, Poverty, and Health Insurance Coverage in the United States 2006 on Aug. 28. The report, which covers the most recent Current Population Survey (CPS) data, showed slight overall improvement in income and poverty, but continued declining rates of health insurance coverage. The headline numbers — a 0.7 percent increase in median household income and a 0.3 percent decline in poverty — are undermined, however, by the underlying story that middle- and low-income working Americans are not seeing substantial gains from the current economy.

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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