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...

read in full
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...

read in full
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...

read in full
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...

read in full
more news

Pelosi and Reid Ask Bush for Cooperation in Putting Together an Economic Stimulus Package

Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Harry Reid (D-NV) have sent President Bush a letter requesting to work with him and Republican Congressional leadership to craft an economic stimulus package that adheres to the three Ts of sound fiscal policy: Timely, Targeted, and Temporary.

read in full

Contact Us!

Questions, comments, suggestions, and glad tidings can now be directed to the BudgetBlog inbox at: (In an effort to prevent spam, our contact address appears as an image and without a link to the address.)

read in full

Pelosi Says Dems Will Propose Stimulus Package

House Speaker Nancy Pelosi (D-CA) announced yesterday that Democrats are moving forward with an economic stimulus package. Although she remains vague about such a proposal, Pelosi indicated that it would be targeted to low- and middle-income individuals. A press release at her website says that the package will "assist hard-hit families by promoting consumer confidence, economic growth, and job creation" and will be designed to provide "economic security for those with the greatest economic hardships..."

read in full

Fiscal Policy in Response to Economic Downturns, Pt. 1: What is Fiscal Policy and Why Use It?

On Friday of last week (January 4), the Bureau of Labor Statistics released December employment data showing that the unemployment rate had jumped from 4.7 percent to 5.0 percent, causing many economists to predict a higher probability of recession in the coming quarters. Attention is now focused on policy makers in anticipation of an offering of some sort fiscal policy response. This series will lay out the basic mechanics of fiscal policy in response to economic downturns.

read in full

Temporary and Targeted: The Basics of an Economic Stimulus Package

The release of dismal national jobs data on Jan. 4 has prompted rumblings from politicians in Washington about the need for an "economic stimulus package." On Jan. 7, President Bush and Treasury Secretary Henry Paulson delivered separate speeches on the state of the economy, in which they addressed the basic outlines of a fiscal policy designed to mitigate the effects of a possible recession. Bush announced he is taking a stay-the-course approach while economists from across the political spectrum are calling for some type of stimulus package. The president could still offer a plan in his State of the Union speech at the end of January.

read in full

OPEN Government Act Signed into Law

On Dec. 31, 2007, President Bush signed the OPEN Government Act (S. 2488), which includes long-sought reforms of the Freedom of Information Act (FOIA). Though some important provisions were dropped in order to reach bipartisan agreement in Congress, the bill creates incentives to reduce agency backlogs of FOIA requests, increases reporting requirements, and increases the scope of who can make requests and what entities are covered by FOIA.

read in full

Economic Slowdown Taking a Toll on Budget Deficit

According to the CBO Budget Review, released yesterday: The federal budget deficit was about $107 billion in the first quarter of fiscal year 2008, CBO estimates—about $27 billion more than in the same period last year. Outlays have risen by 9 percent compared with their level in the first three months of [fiscal year] 2007, whereas revenues have grown by about 6 percent. The deficit increase is attributed to:

    read in full

    Big Farms to Get Free Pass in Reporting Air Pollution from Animal Waste

    The U.S. Environmental Protection Agency (EPA) issued a Dec. 28, 2007, proposal in a second attempt to exempt farms from reporting air pollution caused by animal waste and to reduce information available about toxins at the local level.

    read in full

    The Bush Administration Still Doesn't Care About Children

    Bush is preventing some states from opening up Medicaid to more children. The New York Times: The Bush administration is imposing restrictions on the ability of states to expand eligibility for Medicaid, in an effort to prevent them from offering coverage to families of modest incomes who, the administration argues, may have access to private health insurance. The restrictions mirror those the administration placed on the State Children's Health Insurance Program in August after states tried to broaden eligibility for it as well.

    read in full

    A Rebirth of Keynes?

    Joseph Stiglitz sees stagflation on the horizon. If it does hit, what's a fiscal policy wonk to do? For those who think that a well-managed globalisation has the potential to benefit both developed and developing countries, and who believe in global social justice and the importance of democracy (and the vibrant middle class that supports it), all of this is bad news. Economic adjustments of this magnitude are always painful, but the economic pain is greater today because the winners are less prone to spend.

    read in full

    Pages

    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...

    read in full

    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...

    read in full
    more resources