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

Estate Tax Lobby Day

Feb 4, 2004 by Guest Blogger

Americans for a Fair Estate Tax in partnership with United for a Fair Economy and the Fair Taxes for All coalition is working to organize people throughout the country to come to Washington DC on March 9-10 to speak out against permanent repeal of the estate tax.

Nonprofits have a special interest in the estate tax, since a full repeal would mean the removal of an important incentive to give to charity. The Brookings/Urban Tax Policy Center recently estimated that a repeal of the estate tax would lead to an estimated $10 billion annual reduction in charitable giving.

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$1.3 trillion revenue reduction

Feb 2, 2004 by Guest Blogger

Looks like the administration is pushing for yet another trillion dollar reduction in revenue...

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January 29 Watcher Newsletter

Jan 29, 2004 by Guest Blogger

OMB Watch - The Watcher - January 26. 2004 Vol. 5 No.2 -

Federal Budget Articles:

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Estate Tax - Cost of Repeal

Jan 26, 2004 by Adam Hughes*

The CBO today released its baseline budget estimates for 2005-2014. Included in the document is the cost of extending the repeal of the estate tax.

For the 2005-2014 period, an extension of the repeal would cost $205.6 billion. See page 93 for details. The yearly breakdown is below.

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10 trillion dollar turnaround

Jan 26, 2004 by Guest Blogger

The Century foundation has just released a report entitled "How the Federal Budget Forecast Went From $5 Trillion in the Black to $5 Trillion in the Red In Just Two and a Half Years," by Bernard Wasow.

The report shows how we went from record surpluses to massive deficits.

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Economy and Jobs Watch: CBO Projecting Large Deficits

The Congressional Budget Office (CBO) today released their baseline budget estimates for 2005-2014. The analysis shows that in 2004 deficits will likely reach $477 billion - which is 4.2% of GDP - and that deficits will continue over the next decade, reaching a cumulative $1.9 trillion baseline over the next 10 years.

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Economy and Jobs Watch: Lowering the Deficit Bar

According to the president's State of the Union address, the administration claims it will "cut the deficit in half over the next five years."

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And Onward to the Budget Battles Ahead

President Bush's FY 2005 budget will be released on Monday, Feb. 2 with the promise of a difficult budget process ahead.

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Cutting the Deficit?

Jan 21, 2004 by Guest Blogger

According to the President's State of the Union speech, the current administration claims it will "cut the deficit in half over the next five years."

This is a shift from just 6 months ago when the administration was claiming that "the budget deficit is expected to be cut by more than half by 2006."

In fact, administration policies are unlikely to cut the deficit in half EVER.

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WHAT DO YOU THINK ABOUT TAX AND BUDGET ISSUES?

Jan 16, 2004 by Guest Blogger

WHAT DO YOU THINK ABOUT TAX AND BUDGET ISSUES? OMB WATCH wants to hear from you.

Over the past months, nonprofits from across the country have been telling us about the adverse consequences of federal and state budget cuts. OMB Watch is issuing a call to action to nonprofits for a long-term campaign to take the offensive on tax and budget issues -- a campaign about what we are for, not just what we are against.

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