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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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House Budget Debate: a Mere Moment of Mirth

During the House Budget panel's mark-up of the budget resolution last week, presidential politics were the backdrop for some frivolity and hijinks. Rep. Rodney Alexander (R-IA) displayed a surprsing degree of pessimism regarding his party's prospects for the presidential elections in the fall, offering amendments to include in the resolution's deficits projections the costs of the health care plans of candidates Sen. Hillary Clinton and Sen. Barack Obama.

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DAILY FISCAL POLICY REPORT -- Mar. 10, 2008

Budget -- Front and Center: Floor debates, amendments, vote-a-rama, and final votes on the FY09 budget resolution will occupy most of the House and Senate agenda this week. A central issue: taxes, especially the AMT and whether a patch for next year should be paid for. An amendment to watch for, mostly in the Senate: Sen. Jim DeMint's (R-SC) proposal to ban earmark projects for one year. (For House and Senate budget resolutions, see here.)

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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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DAILY FISCAL POLICY REPORT -- Mar. 7, 2008

Economy -- 63,000 Job Lobs Lost in Feb.: The U.S. economy lost 63,000 jobs last month, the biggest such figure in five years and -- following January 22,000 in job losses -- the first back-to-back monthly declines in as long. "[M]uch weaker than economists were expecting," per WaPo. Labor Dep't report.

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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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House Budget Committee Approves FY 2009 Budget Resolution

Early this morning, on a straight party-line vote, the House Budget Committee voted 22-16 to approve its $3.1 trillion FY 2009 budget plan.

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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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DAILY FISCAL POLICY REPORT -- Mar. 5, 2008

Budget Resolution
  • Senate Version: $3 trillion budget; $18 billion more in discretionary funding than the Bush budget. Provides a $35 billion "Stimulus 2.0" package, $13.4 billion in energy tax cuts, and $13 billion in education tax cuts. Projects FY09 deficit of $350 billion. Balances budget by 2012, assuming expiration of all Bush 2001/2003 tax cuts. Includes no reconciliation instructions

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New Medicaid Rules May Cost States Triple Administration Estimate

Yesterday, the House Oversight and Government Reform Committee Democrats released a report detailing the effects of the Bush Administration's Medicaid rule changes (one went into effect on Monday while several others are pending). According to the report, the new rules would cost state governments a total of $50 billion over five years - over three times the administration's $15 billion estimate. The report is the product of the House committee's request to states to estimate their expected federal funding losses due to the proposed Medicaid rule changes.

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FY 09 Budget Resolution: Goals, Strategies, and Challenges

The House and Senate Budget Committees will soon turn to the congressional budget resolution for Fiscal Year 2009. The draft versions of the budget resolution, to be offered by House Budget chief Rep. John Spratt (D-SC) and Senate Budget head Kent Conrad (D-ND), are likely to be considerably different from President Bush's unrealistic budget proposal submitted to Congress in February.

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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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