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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DAILY FISCAL POLICY REPORT -- May 7, 2008

Budget -- Conferees Converge on Compromise, per Conrad: Senate Budget Chairman Kent Conrad (D-ND) said yesterday that FY09 budget resolution negotiators have only one remaining issue to resolve —— the level of discretionary spending for fiscal 2009 —— before reaching an accord. He said said the difference in discretionary spending between the House and Senate fiscal 2009 budget resolutions is about $1.8 billion now, down from a $4 billion gap at the outset. Background on Budget Debate.

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Fed Chief's Opinions on Foreclosure Remedies Differ from Frank Bill Oponents

Congressional opposition to the Frank housing bill is coalescing around apparently dubious propositions ($). [Antonia Ferrier, spokeswoman for House Minority Whip Roy Blunt (R-MO)] also took aim at the [Rep. Barney] Frank proposal. "This bill perversely rewards those who borrowed more than they could afford — their monthly mortgage payments get reduced with the government footing the bill. How is that fair to the millions of Americans who worked hard and paid their mortgages on time? And who ends up holding the bag if all goes south? No surprise, the American taxpayer."

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DAILY FISCAL POLICY REPORT -- May 6, 2008

War Supplemental -- Appropriators Seek Mark-Ups: On both the House and Senate side, senior Appropriations Committee members have asked, or demanded, that mark-ups be held of the president's "emergency" supplemental war funding requests, as is the usual practice. Rep. Jerry Lewis (CA), the ranking House Appropriations Republican: "Never in my 30 years in Congress has there been such an abuse of the processes and rules of the House. We... demand that this polluted, back-door scheme be brought to a halt, and that we return to a proper, fair and transparent appropriations process." Story.

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DAILY FISCAL POLICY REPORT -- May 5, 2008

Taxes -- Americans Split on Gas Tax Holiday: Today's New York Times carries the results of a poll in which "Americans were divided over the merits of the gasoline-tax suspension, which has also been backed by the presumptive Republican nominee, Senator John McCain, and condemned by Mr. Obama as political gimmickry." Meanwhile, the Senate Democratic Leadership is planning to unveil a gas price plan, with the notable omission of a "gas tax holiday." Times Survey.

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DAILY FISCAL POLICY REPORT -- May 2, 2008

Economy -- Jobless Rate Drops from 5.1 to 5.0 Percent: The economy lost only 20,000 jobs, far fewer than in recent months, and the unemployment rate fell from 5.1 to 5.0 percent in April. Roughly 250,000 jobs were lost in the first quarter of the year. Construction companies slashed 61,000 positions in April. Manufacturers cut 46,000 and retailers got rid of 27,000. Those losses were eclipsed by job gains in education and health care, professional and business services, the government and elsewhere. Bloomberg.

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DAILY FISCAL POLICY REPORT -- May 1, 2008

Economy -- Consumer Spending Down; Commodity Prices Up: With the overall economy growing at a mere 0.6 percent annual rate for the second quarter in a row, consumer spending advanced by only 1 percent. That was down sharply from the 2.9 percent gain for all of 2007 and the 3.1 percent gain for 2006, per the Commerce Department. Since March 2007, according to the Bureau of Labor Statistics, the price of eggs has jumped 35 percent. A gallon of milk is up 23 percent. A loaf of white bread has climbed 16 percent. Consumer Spending; Commodity Prices.

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DAILY FISCAL POLICY REPORT -- April 30, 2008

Economy -- Real GDP Holds Steady at 0.6%: The BEA reports today that the economy grew at an annual rate of 0.6 percent in the first quarter of 2008. The fourth quarter of 2007 also saw a 0.6 percent growth rate. Growth in personal consumption, exports, and government spending were offset by declines in residential housing and personal expenditures on durable goods.

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Lack of Action in Congress on Pivotal Fiscal Policy Issues

Congress continues to wrestle with a number of high-profile budget and financial bills that will have broad impact on citizens throughout the United States and around the world, including legislation on war funding, economic stimulus, housing, and the last budget of the Bush presidency. Despite significant congressional rhetoric and media coverage of these efforts, Congress has made little real progress on reaching compromise or instituting policies.

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Contract Reform Takes Center Stage in House

A group of reform bills that would bring accountability and transparency to the federal contracting process has been approved by the House in the last few months, potentially setting the stage for federal contracting reform to be a major area of legislative action in the remaining months of the 110th Congress.

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DAILY FISCAL POLICY REPORT -- April 29, 2008

Unemployment -- Job Loss Strain on Gov't Health Programs: A Kaiser Family Foundation study released yesterday indicates that each percentage-point rise in unemployment during the economic downturn would swell the uninsured by 1.1 million, the New York Times reports. Such an increased in the number of uninsured would require an additional $3.4 billion in spending for Medicaid and the State Children's Health Insurance Program, with $1.4 billion of it from the states. Story.

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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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