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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IRS Wants Comments on Fines for Nonprofit Tax Shelters

According to the Chronicle of Philanthropy: The Internal Revenue Service has asked nonprofit groups and others to comment on how the agency should enforce a law Congress passed last month to impose steep fines on charities, churches, and other tax-exempt groups that participate in abusive tax shelters.

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Bill With Charitable Provisions To Move To Floor Tomorrow

Majority Leader Bill Frist will file a motion to proceed on the House-passed pension reform bill (H.R. 4) tomorrow, Aug. 2. As discussed in a previous blog entry, H.R. 4 contains charitable incentives and reforms. For a summary of those provisions, see the Council on Foundations analysis.

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Should Lobbyists Serve As Treasurers on Campaigns?

Interesting article in US News: "It creates a huge conflict of interest for the members of Congress," says Alex Knott of the Center for Public Integrity. "They are going to be indentured to these lobbyists because they often rely on them for campaign fundraising." Lobbyists have served as treasurers of at least 68 campaign committees or joint campaign committees with other members since 1998, according to the center. It's unclear whether the number is increasing because reform groups have just started to track these relationships.

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Charitable Provisions in Pension Bill - Passed House, Now On to Senate

Late on Friday night, the House approved pension reform legislation (H.R. 4), which includes a scaled-back package of charitable reforms and incentives. The incentives include the IRA rollover, and book and food deductions for charities. The legislation also includes some reforms aimed at the nonprofit sector. For a summary, click here.H.R. 4 now heads to the Senate for consideration. Because the bill is not a conference report, it is subject to amendment and potentially unlimited debate (i.e., “normal” order in the Senate).

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Ohio AG Drops Accountability Proposal

According to the Cleveland Plain Dealer: Ohio Attorney General Jim Petro has revised his proposal to make hospitals and other charitable groups more accountable to the public, a month after proposing the new state rules. In the second draft of the rules, released Friday, Petro dropped controversial recommendations for policies related to conflicts of interest, executive compensation and billing practices. Instead, said Brian Cook, chief deputy attorney general and head of the public-protection division, the latest proposal calls for a new advisory panel to recommend such model policies.

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Extenders Package Contains Charitable Reforms and Incentives

From Council on Foundations:

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GAO Report on Grants Streamlining

http://www.gao.gov/cgi-bin/getrpt?GAO-06-566 Highlights - http://www.gao.gov/highlights/d06566high.pdf

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Comparing the Teeth on Lobby Reform Bills

The Campaign Legal Center has posted a blog entry comparing the lobby reform bills passed by Congress and the recently introduced Shays-Meehan legislation. Check it out.

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GAO Report on CFC and Charities Payroll Taxes

Tax Debt: Some Combined Federal Campaign Charities Owe Payroll and Other Federal Taxes. GAO-06-887, July 28 Highlights - http://www.gao.gov/highlights/d06887high.pdf

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Does Tax Talk Today Meet Your Needs?

The IRS is conducting a survey to see whether programs on Tax Talk Today are helpful. Be sure to let them know if you think their programs are helpful to nonprofits or would like more information on a certain topic.

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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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