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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The Unseen FY 2008 Budget Dialogue

The Parable of the Cave-In? In the parable of the cave, Plato describes the difference between the appearance of the handshadows on the cave wall, which is all that observers see and know of reality, political and otherwise. The shadows are distortions projected for popular consumption, while leaders' actual words and gestures indicate the reality that is to follow, according to Plato in The Republic, his most famous dialogue.

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Wild Mood Swings

In his post about the president's call for a corporate tax cut, Matt asks: And what if an unhinged market was the root cause of all this trouble [a potential economic downturn]? I submit that the market is in fact completely hinged. That is: rapid expansion in financial markets (i.e. bubbles) is always followed by rapid contraction (i.e. bubble bursting). Oscillations between growth and contraction is the nature of the market.

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Senate Schedules Floor Vote for Nussle

Senate Majority Leader Harry Reid has announced that the Senate will vote on the nomination of Jim Nussle to be the new Director of the Office of Management and Budget on Monday, September 4 - the first day back from the August recess. Reid announced there will be three hours of debate on the nomination beginning at 2:30 pm. One hour each for the chairman and ranking member of the budget committee, and one hour controlled by Sen. Bernie Sanders (I-VT). Sanders has announced a hold on Nussle's nomination because he has serious concerns about the nominee and his philosophical differences with the administration's fiscal policies. Sanders said: President Bush is completely out of touch with the economic realities facing working families in America. Bush needs to hear the truth, not an echo. He needs a budget director who will make him face the facts, not fan his fantasies.

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Senate Committees OK Nussle

On July 31 and Aug. 2, the Senate Homeland Security and Governmental Affairs and Budget Committees approved the nomination of former Rep. Jim Nussle (R-IA) to serve as Office of Management and Budget (OMB) Director, by votes of 16-0 and 22-1, respectively. Senate Majority Leader Harry Reid (D-NV) has scheduled a floor vote on the nomination for Sept. 4.

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Hold On -- No OMB Director 'til September

Earlier this afternoon, the Senate Budget Committee approved Jim Nussle's nomination to head OMB, 22-1. The lone dissenter was Sen. Bernie Sanders (I-VT), who announced that he had placed a hold on the nomination because President Bush is completely out of touch with the economic realities facing working families in America. Bush needs to hear the truth, not an echo. He needs a budget director who will make him face the facts, not fan his fantasies.

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Presidential Prevarication

Budget Battle Man Stan Busts Bush Bull Below, we had a quick look at the President's speech last week to the American Legislative Exchange Council in Philadelphia.

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Bush's Budget Veto Madness Explained

An OMBW Dialogue CRAIG: President Bush makes no sense, he's vetoing the Homeland Security spending bill, but not Military Construction (MilCon), the Ag bill, but not Financial Services for budget reasons. What's up with that? DANA: It looks random, but... wait, haven't his veto statements all said that he wants Congress to pass spending bills totaling not a penny over his $933 discretionary spending topline for FY 2008? CRAIG: Sure, but then why is he vetoing some bills where Congress' 302(b) allocations for FY 2008 exceed his February budget request -- but not others?

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Budget Summit Ends; No End in Sight for Impasse

Today's summit meeting on the FY 2008 budget process between President Bush and Congressional leaders has broken and, it's safe to say, the budget process for the year remains as broken as ever. Neither side retreated from its discretionary spending targets and the President showed no sign of backing away from any of his veto threats, leaving open the possibility of a budget showdown or even government shutdown later this year.

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Heritage Seriously Concerned About Fiscal Responsibility- NOT!

The Heritage Foundation just put out a report on the fiscal responsibility-ness of the Senate's SCHIP bill. It's stupid, but it begins with the fair point that the legislation would sunset, in 2013, the funding increases it would set up.

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HSGAC OKs Nussle; Budget Cmte. Awaits Summit Outcome

This morning, the Senate Homeland Security and Governmental Affairs Committee unanimously approved Jim Nussle's nomination to serve as OMB Director. As of this hour, the Senate Budget Committee is still wrestling with whether to hold its vote in the next couple of days or, say "see in you in September." Word is expected later today, after the Congressional-White House "fiscal summit."

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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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