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: Stimulus Calculator & Payment Schedule

The IRS has put up on their website an online calculator to help you figure out what your stimulus rebate will be. They've also issued a calendar of when they will transmit and mail payments. IRS Stimulus Payment Schedule Last two SSN digits Payment will be transmitted Direct Deposit 00 through 20 May 2 21 through 75 May 9 76 through 99 May 16 Paper Check 00 through 09 May 16 10 through 18 May 23 19 through 25 May 30 26 through 38 June 6 39 through 51 June 13 52 through 63 June 20 64 through 75 June 27 76 through 87 July 4 88 through 99 July 11

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Bills Improving Federal Contracting Gain Momentum

In FY 2007, the federal government paid contractors about $420 billion to provide thousands of goods and services, but it had little insight into whether those companies were delinquent in paying their federal taxes, had broken contracting rules or laws, or if those firms paid top-level executives exorbitant levels of compensation. However, if several proposed bills become law, these obstacles to oversight and transparency will be greatly reduced. H.R.s 3033, 3928, and 4881 were approved by the House Oversight and Government Reform Committee the week of March 10, while H.R. 5602 and a companion Senate bill were introduced the same week.

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Budget Resolution: Recap and the Road Ahead

Late on March 13 and early in the morning of March 14, the House and Senate adopted $3 trillion budget resolutions for Fiscal Year 2009 by votes of 212-207 and 51-44, respectively. While the resolutions are similar in terms of broad policy outlines and priorities, they differ on a few major points, including the total amount of discretionary spending and whether to offset the cost of a one-year patch to the Alternative Minimum Tax (AMT).

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Democrats Pass Budget in House & Senate

The House and Senate successfully passed their versions of the FY 2009 budget resolution yesterday. The House passed their spending outline on a mostly party-line vote 212 - 207 and the Senate passed their version early this morning 51 - 44 (roll call not available yet). Sixteen Democrats in the House opposed the budget along with all Republicans and in the Senate, Sens. Olympia Snowe (R-ME) and Susan Collins (R-ME) supported the budget, while Sen. Evan Bayh (D-IN) opposed it.

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Federal Contract Bidding: It's Complicated

Last week, we noted that Sen. John McCain (R-AZ) played a role in killing the Air Force's deal with Boeing to provide tanker planes. Citing corruption in the original bidding process as the reason for his intervention into the deal, McCain said: All I asked for in this situation was a fair competition...I never weighed in for or against anybody that competed for the contract. All I asked for was a fair process. And the facts are that I never showed any bias in any way against anybody — except for the taxpayer.

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Imagine Spending $3 Trillion on the Iraq War

It's Easy if You Try Sunday's Washington Post carried an op-ed piece entitled The Iraq War Will Cost Us $3 Trillion, and Much More. Take a moment to read it; this is serious subject matter.

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Private Sector Bleeding Jobs Since December

Friday's job figures - a 63,000 job loss - are further evidence that the economy is taking a downward turn, but the private sector has been cutting jobs since December. The real story, however, is in the private sector, which took a 101,000 job hit in January. (click to enlarge)

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GAO Report Highlights Troubling Trend in Supplemental Spending

A report recently released by the GAO indicates that with rising rates of supplemental appropriations comes decreasing budgeting transparency. Looking at supplemental requests - emergency and non-emergency - from 1997 to 2006, the report concludes:
To the extent possible, funds should be provided through the regular appropriations process to ensure that trade-offs are made among competing priorities, especially in an environment of increasingly constrained resources.

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Senate Budget Committee Approves FY 2009 Budget Resolution

Voting along party lines - 12-10 -, the Senate Budget Committee has approved its FY 2009 budget resolution. The $3.1 billion resolution includes a one-year, non-offset $62 billion AMT patch. And at $472 billion, its non-defense, domestic top line is 2.2% more than Bush's $462 billion proposal.

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DAILY FISCAL POLICY REPORT -- Mar. 6, 2008

The House budget resolution, legislation and statements
  • Legislation
  • Chairman's Mark
  • Chairman's Mark Summary
  • Budget resolution funding levels by function
  • Statements
  • House Budget Committee Chairman Spratt
  • House Minority Leader Boehner
  • Blue Dog Coalition
The Senate budget resolution, legislation and statements
  • Legislation
  • Chairman's Mark
  • Chairman's Mark Summary
  • Statements

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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...

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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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