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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No Budget Resolution

Whether or not tax cuts must be offset - that is the question.

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Bad Budget Rule Changes Could Still be Proposed

The Senate budget being debated this week includes only a two-year cap on appropriations, and continues Senate pay-go rules that apply to both entitlement increases and tax cuts. However, concern over other changes in budget rules remains.

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CBO Account-level Data on Government Spending, 2005-2014

The 2005 Budget submitted by the president last week contained only partial information for spending over the next 5 years. The Congressional Budget Office (CBO) has since developed estimates of costs contained in the president's FY2005 budget covering the period from 2005 to 2014.

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CBO deficit numbers

The CBO has released their analysis of the president's budget. They find that the presiden't proposals would add $737 billion to the deficit over ten years.

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Proposed Changes Would Create Unbalanced, Flawed Budget Process

The president’s FY2005 budget contains several proposed changes to the congressional rules governing the process by which federal budget policy is legislated. These rules could have dramatic consequences for spending and tax policy over the next 5 years.

While, admittedly, changes in the budget process are not the most exciting of issues, the proposed process changes would likely cause large drops in domestic investments and a continuation of current tax policy and massive federal deficits. Download Full report (.pdf)

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Upper-Income Tax cuts and jobs

President Bush is arguing that reducing the top marginal rate would "fuel" job growth.

The problem with using the top marginal tax rate as a tool to cut taxes on "small" businesses is that 1) it misses most small businesses - less than 4% of businesses make enough to be taxed at the top individual rate, and 2) it reduces taxes on upper income individuals regardless of the source income - thus it does not target businesses efficiently.

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Budget Battles Loom

As the 2005 budget resolutions process gets on its way, spending for domestic programs could actually come out lower than the already grim projections set by President Bush’s budget proposal. Given that it is an election year both the president and Congress’ use of "spin" and shenanigans to mislead the American public will proceed. A big election year issue is budget deficits and the skyrocketing national debt – peaking now at $7 trillion.

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Economy and Jobs Watch: Another Administration Projection Bites the Dust

Yet another economic projection by the administration is falling short – and in record time. Just a couple weeks after the publication of the Economic Report of the President, which forecasted 3.8 million* new jobs would be created in 2004, administration officials appears to be backing off the job estimates. The forecast was for 320,000 new jobs every month – a number most observers agree is exceptionally high. Job growth has not reached even half this level in any month over the past three years, according to data from the Bureau of Labor Statistics.

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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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more resources