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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Equality and Individualism

Via (who else but) Inclusionist, I checked out Chapter 6 of Prof. George Lakoff's new book on progressive strategy. Take a look at this paragraph on economic equality: For progressives, deservedness is understood through the lens of nurturance, which says that someone in need deserves assistance. This satisfies the "human dignity principle," making sure no one falls too far behind. It also fulfills the "common good principle," since the needs of the commons are counted as valid needs that merit attention, besides just the needs of an individual.

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CBO Monthly Budget Update: November, 2007

CBO estimates that the federal government recorded a deficit of $157 billion for the first two months of fiscal year 2008, about $35 billion more than the deficit recorded for the same period last year. Outlays were about $50 billion (or 11 percent) higher than they were in 2007, while revenues were about $15 billion (or 5 percent) higher. CBO: Monthly Budget Review

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Important Farm Bill Vote Tomorrow

A key vote on the Farm Bill, which includes increases in funding for anti-hunger programs, is set for December 7th (tomorrow). The Food Research and Action Center and the Coalition on Human Needs are asking people to call their Senator in support of the increases. The vote is on whether to filibuster the bill, and it's probably even more important than the vote on whether to actually pass it. We need 60 votes to avoid a filibuster. We need only a majority to pass the bill, and previous votes have shown that there's a clear majority in favor of the bill.

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CBO Director Peter Orszag Has A Blog

Check it out. Hopefully this means that we can outsource posts on say, Robert Samuelson's disgusting and wrong column on health care policy? The Samuelson column really is awful, and if Orszag lays into it publicly, perhaps Samuelson will lose so much credibility that he'll shut up. If you do read it, remember that the central problem with health care is not overspending, but price, i.e. we're buying stuff that isn't worth the price we're paying.

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$1 Million a Minute!

In an attempt to have people pay attention to the issue of the national debt, a recent Associated Press article lead with the eye-catching headline of "National Debt Grows $1 Million a Minute." Wow! $1,000,000.00 a minute! That's quite a bit of cash. The article is well worth a read and should make you even more disappointed that the current Congress is considering waiving PAYGO rules for a patch to the Alternative Minimum Tax (AMT). Such a move would add $50 billion to the debt immediately and the issue will have to be revisited all over again next year because the legislation being considered is only for one year. If they pass the AMT patch without paying for it this year, I wonder if they will pay for it next year? argh...

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SCHIP Revision To Be Sent To President

It looks as though Congress will send the SCHIP revision to the President after all. He will veto it and Congress probably won't have enough votes to override the veto. So I wouldn't get my hopes up.

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Today's Krugman Column Needs Work

Paul Krugman's column today was a little off-base, I think. He basically calls out Sen. Barack Obama for not including a mandate in his universal health care plan, which he thinks will make insurance much cheaper. I think his claims are overblown. The best estimate I've seen puts health care cost overruns at $480 billion. About $100 billion was due to inefficiencies in the insurance system on its own, and administrative expenses and profits make up the bulk of those unnecessary expenses. And I haven't seen anything on how being uninsured significantly raises costs in the delivery system.

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Not Changing the Food Stamp Program Is A Budget Cut

The Center on Budget and Policy Priorities has another important fact sheet up, this time on the Food Stamp program. Congress is considering leaving the program, which is up for reauthorization in the Farm Bill, unchanged. Work on the Farm Bill in the Senate has ground to a halt, and some folks in Congress are suggesting that they revisit the program the next time it comes up for reauthorization- 5 years from now.

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Columnists Fight Over Social Security

The Washington Post's Ruth Marcus has a column today on Social Security and fixing it. The column's more or less in response to this Paul Krugman column where he objects to addressing Social Security's projected shortfall now. If Marcus believes Social Security needs fixing, fine. But she should then devote far more columns to projected health care costs, which is an even bigger problem and demands greater effort to solve it, yet policymakers aren't really paying attention to it. This is what CBO basically recommends.

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Giving Up On SCHIP?

CQ (no subscription) is reporting that health care advocates are abandoning the SCHIP funding increase and asking for a one-year extension that maintains the level of service being offered now. Some states may not have enough money to provide insurance to everyone enrolled now if Congress doesn't do something soon.

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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