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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more news

House Moves Bill to Stop Medicaid Changes

Apr 24, 2008 by Matthew Madia

Yesterday the House passed a bill that would stop the Bush administration from going forward with several regulations intended to cut Medicaid services. The administration developed the regulations under the guise of "fiscal integrity," arguing state Medicaid programs are using loopholes to inappropriately claim federal funds. Bush has threatened to veto the bill. Fortunately, the bill passed the House in a 349-62 vote which, if the margin holds, would be enough to override a veto. State governments also support the bill. According to the Associated Press, "The governors of all 50 states…oppose the rules." If all this bipartisanship and widespread agreement make you uncomfortable, fear not — the U.S. Senate is on the case.

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OMB Watch Statement on FY 2009 Budget

Apr 23, 2008 by Adam Hughes*

OMB Watch released a statement on April 22 on the FY 2009 budget resolution negotiations. The statement urges both House and Senate negotiators to uphold the fiscally responsible principles promised by Democrats when they took over the majority in 2006. A key aspect of the ongoing budget negotiations is whether to offset the $70 billion cost of a one-year fix to the creep of the Alternative Minimum Tax (AMT). The House version of the resolution offsets the costs while the Senate does not.

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SCHIP Rules Imposed in 2007 Violated Law

Apr 21, 2008 by Matthew Madia

The Government Accountability Office and the Congressional Research Service have concluded that rule changes imposed by the Bush administration on the State Children's Health Insurance Program (SCHIP) in 2007 violated federal law: BNA reports: In legal opinions released April 18, the Government Accountability Office and the Congressional Research Service said the SCHIP guidance is a rule for purposes of the Congressional Review Act (CRA) and so violates statutory requirements for congressional notice and review.

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Median Weekly Earnings Decline

Apr 17, 2008 by Craig Jennings

In yesterday's Daily Fiscal Policy Report, we noted that real average weekly earnings in March were up compared to February, while they were down compared to March, 2007. Today, the BLS released data on real median weekly earnings, which, like average weekly earnings, have declined since a year ago.

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Bill to Stop Medicaid Regs Moves Forward

Apr 17, 2008 by Adam Hughes*

A bill to delay seven regulations that would eliminate or severely cut Medicaid health care programs won unanimous approval yesterday in the House Energy and Commerce Committee by a vote of 46 - 0. The top Senate Republican on this topic - Sen. Charles Grassley (R-IA) - opposes the House bill despite overwhelming bipartisan support for it. Grassley prefers to amend the regulations rather than postpone for a year.

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Economic Indicators Archive

Apr 11, 2008 by Dana Chasin

In case you didn't know (as I didn't 'til I stumbled on it), the Wall Street Journal maintains a number of statistical reports that economists use to gauge and forecast business conditions. These reports, issued by government agencies and business research groups, generally are accessible there for one month. Their Economic Indicators Archive is accessible here. Among the reports:

The Consumer Price Index
The Employment Situation
The Gross Domestic Product
Initial Jobless Claims
New Homes Sales

Good for what ails us.

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Health Care Spending - It's Not the Aging of the Population

Apr 10, 2008 by Craig Jennings

If policy makers are truly interested in fixing the Entitlement Crisis™, they need to look at the factors that are pushing the federal budget along an unsustainable path. As we've noted before, Social Security has minor financing issues, but its full-benefit operation does not pose a threat to long-term fiscal fitness. Medicare, however, does. And while it is tempting to indict the aging of the Baby Boom generation for fueling rapid increases in health care costs, policy makers would be wrong to set out to simply reduce benefits and/or increase Medicare premiums as a fix. Instead, they should focus their efforts on the supply side of health care, rather than increased demand resulting from the aging of the population.

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DAILY FISCAL POLICY REPORT -- April 9, 2008

Apr 9, 2008 by Adam Hughes*

Health Care -- Bipartisan Support for Blocking Bush Medicaid Rule: CQ reports ($) that a House bill that would block the president's Medicaid rule changes is gaining support among Republicans. The proposed rule changes would shift about $17.8 billion (over five years) in Medicaid costs to states. The bill, H.R. 5613, will be marked up today in the Committee on Energy and Commerce Health Subcommittee.

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Monthly Budget Review: March, 2008

Apr 8, 2008 by Craig Jennings

CBO estimates that the government incurred a deficit of $310 billion in the first half of 2008. The deficit last year at the same point in time was $258 billion. The $51 billion increase in the deficit through March was largely unaffected by differences in the timing of receipts or expenditures. A number of programs experienced double-digit percentage increases in spending in the first half of the year—including food and nutrition programs, unemployment benefits, veterans' health care, federal-aid highways, and community development block grants.

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Wash Post Opines on Future of Entitlements

Apr 7, 2008 by Adam Hughes*

The Washington Post wrote their lead editorial yesterday on the future of entitlement programs. The editorial once again lumps Social Security, a relatively healthy program, with Medicare and Medicaid, which face more serious funding issues not because they are entitlement programs, but because of the rapidly growing cost of health care in both the public and private sectors.

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