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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United Way Summary of Charity Provisions of New Pension Law

From United Way: United Way of America today released a preliminary review of the charity-related provisions in the Pension Reform Act of 2006, signed into law by President Bush on August 17. To see the review onlineclick here

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President Signs Bill on Charities

From the IRS website On August 17, the President signed the Pension Protection Act of 2006. The new law contains numerous changes to the tax law provisions affecting tax-exempt organizations. Key provisions include the following:
  • Controlling organziations must report income from and loans to controlled organizations as well as transfers between controlled and controlling organizations. This provision is effective for returns due (without regard to extensions) after the date of enactment.*

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Philanthropy Journal Opinion: Policy work needs more workers.

Philanthropy Journal Aug. 9, 2006 Flawed public policies underlie critical social problems, and nonprofits must raise their voice and push to fix those policies. In North Carolina, a nonprofit-led coalition that includes banks, corporations and trade groups has urged state lawmakers for two years to increase to $50 million from $3 million the annual appropriation to a state fund for affordable housing. In response, lawmakers agreed to one-time increases of $5 million last year and this year, and also agreed this year to spend nearly $11 million for affordable housing for the mentally ill.

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IRS To Audit Utah Foundation With Ties to Leavitt Family

According to the : The Internal Revenue Service plans to audit a Utah foundation that has ties to the Leavitt family, which includes the U.S. secretary of health and human services, Mike Leavitt.

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Coburn Examining Earmarks Given to Univerisities

From the Journal of Higher Ed: Whether earmarks — funds that a member of Congress directs to recipients without the peer-review process that federal agencies use to dole out most research funds — are dangerously and increasingly undermining peer review, or simply a way that legislators can look out for constituents, depends on who’s talking.

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Donors Are Scared to Send Money for Lebanese Relief

There are donations of food and medicine for Lebanon, but charity leaders are finding that no one wants to give them money. Why? From the Washington Post: The problem, according to relief groups, is that many people who are inclined to write checks for emergency aid and reconstruction in Lebanon are afraid of ending up in some government database of suspected supporters of terrorism. [...]

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Detailed Technical Explanation of Charitable Provisions in Pension Bill

The House Joint Committee on Taxation has released a detailed summary of the Pension Bill. The charitable provisions begin on page 263.

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Senate Passes Pension Reform, Sent to President for Signing

From National Journal's Earlybird: Congress passed major pension legislation designed to assure American workers, including millions of baby boomers nearing the end of their working careers, that the pensions they have been promised will be there when they retire," AP reports. "The Senate, in its last vote before adjourning for a four-week summer break, approved the 900-page bill that compels employers with defined-benefit pension plans to meet their funding obligations and seeks to prevent companies from terminating plans and shifting the financial burden to the taxpayer."

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Slaughter Calls For Investigation Into Foundation

According to BNA: Rep. Louise Slaughter is calling for an Internal Revenue Service investigation of a private family foundation established by Health and Human Services Secretary Michael Leavitt. She cites a recent Washington Post article that while Mike Leavitt alone has claimed about $1.2 million in tax write-offs since 2000, the foundation gave away only $49,000 in 2002 and $52,000 the next year, according to tax returns and other documents filed by the foundation.

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Frist on Pension Bill

Today on the Senate floor, Senate Majority Leader Bill Frist called the House-passed pension reform bill (H.R. 4) “must-pass” legislation, claiming the Senate will clear the bill by the end of this week. Senator Frist said, “It's just this simple: The pensions bill is must-pass. Must-pass!” He added, “The Senate must clear the pensions bill, clean, so the President can sign it this month. We will act, and pensions will get done, without amendment.” For more, see www.501cstrategies.com.

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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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