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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Democrats: Responsible for Budget Surplus, Not So Much for Budget Deficits

In today’s Washington Post, Robert Samuelson chides President Bush for boasting about a $300 billion deficit, but finishes his column by shifting some of the blame for the atrocious fiscal policies of the Republican Congress and President to the Democrats. For fiscal 2006, which ends in September, the administration projects a $296 billion deficit; for fiscal 2007, the estimate is $339 billion. How could anyone boast about that? [...]

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OMB Watch Applauds Federal Spending Transparency Effort, Offers Improvements

WASHINGTON, July 18 - Gary Bass, executive director of OMB Watch, testified today before the financial and information management subcommittee of the Senate Committee on Homeland Security and Governmental Affairs. Bass was among a group of witnesses with vastly different views on government that testified in support of a new bill that would shed light on government spending.

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Wealth/Income Trends Reported In Wall Street Journal

A great article (sub. required) appeared today in the Wall Street Journal sheading light on another trend that can be seen within the new deficit projections released last week by the administration.

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The National Debt, Pt. 1: A Very Brief History

A reader writes: Isn't the national debt a better picture of our fiscal condition? Where's the good news? Doesn't the administration simply have more payroll tax money, etc., to mask the debt situation? Excellent questions indeed and an excellent prompt to talk about the national debt. But, the discussion is a bit lengthy for a single post, so I’m going to start a series of posts about the national debt.

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Unending Deficits

When the president repeats his mantra "cut the deficit in half by 2009", one could reasonably assume that the downward trend in deficits would continue past 2009 - as if "half in 2009" was a milestone of sorts. But, au contraire! The "half in 2009" is not a just a milestone but a turning point - the point where deficits start growing again. It’s right there in black and white in the president’s FY2007 budget, but it’s starkly absent in his speech. From page 223 in the Analytical Perspectives document of the President's FY 2007 Budget: (click on image for expanded view)

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Senate Will Hold Hearing on Federal Spending Transparency

A Senate hearing has been scheduled for July 18 to discuss the need for publicly available information surrounding federal spending and how the Federal Funding Accountability and Transparency Act (S. 2590) will create this transparency.

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Senators 'Hold' EPA Nominee to Protest Cuts to Pollution Reporting

New Jersey Sens. Frank Lautenberg (D) and Robert Menendez (D) have placed a hold on a Bush administration nominee to protest a set of Environmental Protection Agency (EPA) proposals to dismantle the Toxics Release Inventory (TRI). Last year, EPA proposed significant cuts to the TRI program, our country's most complete inventory of toxic pollution, that would according to Lautenberg, "deny thousands of communities - including 160 in New Jersey - full information about the release of hazardous toxic emissions in their neighborhoods."

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Employees Weigh in to Save EPA Libraries

Presidents of 17 Local Unions representing more than 10,000 U.S. Environmental Protection Agency employees wrote to Senate appropriators on June 29 to protest deep cuts to EPA funding that would close the agency's libraries. The letter urges Congress to reinstate full funding to EPA libraries and explains how the cuts will impede EPA's ability to respond to public health, enforcement and homeland security emergencies and restrict public access to vital health and safety information.

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OMB Mid-Session Review Gives Limited Picture Of Budget Crisis

Today, the Office of Management and Budget (OMB) released its annual Mid-Session Budget Review, and has lowered by $127 billion the projected FY 2006 budget deficit - from $423 billion estimated earlier this year to $296 billion. The reduction is attributed to an unexpected rise in corporate and personal income tax receipts and revenues from capital gains taxes. Beneath the increased tax revenue, however, is a frightening reality: the ever-widening gap between the very rich and the rest of us.

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Reports Show the Good and Bad in Agency Classification Procedures

Continuing its study of classification procedures, the Government Accountability Office (GAO) released two reports, one focusing on the Department of Defense (DOD) and the other on the Department of Energy (DOE). The reports offer a stark contrast, bemoaning DOD's "lack of oversight and inconsistent implementation" of classification policies, while praising DOE's "systematic training, comprehensive guidance, and rigorous oversight."

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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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