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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Supplemental Debate: War of Words

In the weeks since the House and Senate each narrowly passed emergency supplemental appropriations bills, the president and congressional Democrats have engaged in a rhetorical battle over additional items above the president's record request, as well as language calling for a withdrawal of troops from Iraq. Bush has issued almost daily attacks against the bills since they passed, calling them attempts to "micromanage" the war and fund unnecessary projects. The two sides are scheduled to meet at the White House April 18, but the war of words is not expected to abate anytime soon.

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Budget Perception Vs. Reality

Ask a friend (who doesn't do fiscal policy) to sum up the fiscal policy of the Bush era, and more likely than not, they'll tell you it's been one of "big spending." That's been my experience, at least. And Republican presidential candidates seem to be playing off that perception. Many of them have been issuing a call for greater fiscal discipline, achieved by spending restraint and reductions.

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How Good Was the Post-WW II era?

Craig excerpts an interesting article below that reminds us that there was once a time when the median wage tracked productivity- or, as I like to think, a time when people were paid what they earned.

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Expeditious Supplemental -- Fur Flies Fast and Furious

After both houses of Congress moved with close to record speed right before recess to pass the president's appropriations request -- the largest in history -- the president wasted no time in pushing everything back to square one by promising to veto whatever might emerge from conference once Congress returns from recess. Today, President Bush appeared to castigate Congress for wasting everybody's time by adding conditions to a funding bill:

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NPP On Income Tax Spending

Tax day is coming up; want to be disgusted by what your income taxes are actually paying for? Check out this new report from the National Priorities Project.

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Congress Approves War Funding; Pressures Bush to Withdraw Troops

Despite repeated veto threats from President George W. Bush, both the House and Senate have approved enormous war supplemental bills that contain a schedule for eventual withdrawal of American soldiers from Iraq. At approximately $124 billion, these bills are the largest supplemental funding legislation in history.

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Newsflash: Media Biased (Against Government Spending)

The Cato Institute and the Heritage Foundation ought to be happy. The coverage of the House budget resolution more or less includes their talking points about how "spending is the problem" with the federal budget. What's more, these ideas are not attributed; they're just presented as facts that the reporters decided, for an unnamed reason, to add to these stories. THe New York Times:

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Senate's 51-47 Supplemental Vote a Challenge to Bush

The Senate passed a $122 billion supplemental spending bill this afternoon by 51-47; it was a party-line vote, with all Democrats in favor and all GOP Senators opposed, except for Chuck Hagel (R-NE), and Gordon Smith (R-OR), who supported the measure.

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Blue Dogs Decide Dem. Leadership Porridge Just Right

This afternoon, House Democrats announced they would permit consideration of three substitute budget proposals during debate of the FY 2008 budget resolution. House Majority Leader Steny Hoyer (D-MD) said today he expected substitute budgets from the Progressive Caucus, the Congressional Black Caucus (CBC), and the House Republicans. While this is far more options than Representatives have had in the past under Republican rule, Some feel a notable omission from that list is the fiscally conservative Democratic Blue Dog Coalition. While the Blue Dogs are unlikely to support the Black Caucus budget or the Progressive budget because the spending levels are a bit too hot for their taste, they will not support the Republican budget either, because the tax policies and low spending levels make cold. By opting not to offer their own version, it seems members of the Blue Dogs Coalition felt the main democratic proposal combined the right blend of fiscal responsibility and funding for pressing needs. While reestablishing a commitment to paying for changes to mandatory spending and taxes in the budget, the Democratic Leadership plan still boosts discretionary spending levels for under funded and neglected national priorities and investments, such as Head Start, child care, and housing. The Democrats' budget would allow about $25 billion more in discretionary spending in 2008 than President Bush has requested, and about $7 billion more than the Senate-adopted plan. In addition, like the Senate plan, the House budget would add additional funds (and deficit-neutral offsets) for mandatory nutrition and health care programs. While this is only a first step in repairing some of the damage done to important priorities in the federal budget over the past six years and before, it seems the Democrats have used a recipe that is neither too hot nor too cold, but just about right.

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House Passes War Supplemental With Timetable

The House just passed the FY07 supplemental funding bill that's mostly for the wars in Afghanistan and Iraq. The bill contains conditions and a timetable for withdrawing most troops from Iraq. The House of Representatives today passed a $124 billion emergency spending bill that sets binding benchmarks for progress in Iraq, establishes tough readiness standards for deploying U.S. troops abroad and requires the withdrawal of American combat forces from Iraq by the end of August 2008. The bill promptly drew a veto threat from President Bush.

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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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