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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CBO Says 2002 Had Largest Percentage Drop in Federal Revenue in 50 Years

The Congressional Budget Office’s (CBO) Monthly Budget Review reports that the $137 billion drop in revenue for FY 2002 represents the largest one-year drop in 50 years. The combination of this reduction in revenue and the increase in spending in response to last year’s terrorist attacks, the increase in the unemployment rate, and steep increases in Medicaid costs amounted to a $157 billion deficit for FY 2002, which ended September 30. Though this return to a deficit represents a $254 billion turn-around from last year’s $127 billion surplus, the deficit is only 1.5 percent of GDP, a manageable size and a great deal smaller than the deficits of the mid-1980’s, which amounted to 6 percent of GDP. For an overview of CBO’s report on what happened to the surplus, see this OMB Watcher article.

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Too Much Spending? Or Not Enough?

Only 9 billion dollars separates the House and the Senate Budget Committee FY 2003 discretionary spending totals, but this small divide has been widened by continuing efforts to limit spending on domestic programs. Each of the budget proposals that has been put forth calls for reductions in this year’s real per capita spending from last year’s levels. Yet a recent analysis from the Center on Budget and Policy Priorities (CBPP) argues that we are nowhere near a discretionary “spending explosion,” in either domestic or military spending.

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Appropriations Update

While timeliness has not been a hallmark of appropriations bills in recent years, this year is proving exceptionally slow. According to budget procedures, appropriations bills are supposed to be finished by June 30 to leave plenty of time to reconcile differences between the House and Senate before the new fiscal year, which starts October 1. But this year, not a single appropriations bill has been sent to the president, and neither house has completed action on all 13 appropriations bills.

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Budget Process Rules the Senate

As noted on these pages many times over the last few months, the Senate is unique in its traditions and rules. One feature that helped earn the Senate the title of the “world’s greatest deliberative body” is its rules that allow for, and even necessitate, policy debates, which are a vital part of the legislative process. These rules push the Senate to work out differences between conflicting legislative proposals and help ensure that the voice of the minority is protected. To extend this principle to tax and spending issues, the Senate has special rules.

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Increasing Poverty And More Uninsured In The US

The new U.S. Census Bureau publication “Poverty in the United States: 2001” shows an increase in poverty and a tie for the highest level of income inequality ever (if not a new record high, depending on the measures used). This should not be a surprise given the policies of the administration and the recent economic downturn.

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CBO 10-Year Budget Update Shows $5.6 Trillion Surplus Now Only $1.0 Trillion

The Congressional Budget Office’s (CBO) annual "Budget and Economic Outlook: An Update," released on August 27, reports federal budget deficits through the end of 2005 and a relatively modest 10-year total surplus and has added more fodder to the debate in Washington over who’s to blame for the $5.4 trillion drop in the 10-year surplus forecast since January 2001.

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Freeze The Tax Cuts And Just Say No To More Tax Cuts

It's time to seriously work towards freezing the tax cuts that are scheduled to be phased in 2004, and oppose all new tax cuts. This is one of the most important issues facing us as a nation, and will affect our lives for decades to come.

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We Can No Longer Afford This Wave of Tax Cuts

Given the decade of budget deficits facing the federal government, the fiscal crises being experienced by most of the states, and the need for resources to accomplish the priorities that many Americans identify as much more important than tax cuts, the following organizations came together to urge Congress to act during the coming year to stop the next phase-in of the tax cuts (which will occur in 2004). We urge people to begin a debate about what our national priorities are and whether we can afford more tax cuts, which will primarily only benefit wealthier Americans, as we face the challenges ahead.

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Why Federal Budget Rules Matter

As we often try to remember on these pages, the federal budget, which may superficially appear to be merely a convoluted collection of insignificant numbers, is actually the decoder ring to a better understanding of our country’s real priorities -- since not a lot happens to improve a problem without spending money, the federal budget reveals which problems our country’s policy makers are working to improve. Even less understood and farther removed from our daily lives are the intricacies of federal budget rules. These rules, which govern how the House and Senate must work to craft the country’s annual budget, are in place to ensure that sufficient time is given to debating and developing the a course for tackling the nation’s problems.

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About the Senate Budget Process Rules

One reason the nonprofit community was able to stop permanent repeal of the estate tax is that Sen. Phil Gramm (R-TX) needed 60 votes in the Senate, rather than just a "simple majority" of 51 votes. With the expiration of key Senate budget rules on October 1, however, the Senate may lose this key feature that helped earn it the title of "the world’s greatest deliberative body."

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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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