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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Recovery Act Transparency in 51 Flavors: A Sample of State Recovery Act Websites

An informal OMB Watch survey of eight state-level Recovery Act websites reveals that the access to and quality of information on Recovery Act expenditures varies widely from state to state.




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Congress Passes FY 2010 Budget Resolution

On April 29, exactly 100 days into the Obama administration, the House and Senate each passed a final version of the Fiscal Year 2010 budget resolution. The final resolution outlines $3.56 trillion in spending and tracks closely with President Obama's major proposals, including key investments in health care, education, and energy.

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Gary Bass Testifies Before House Committee on Recovery Act

OMB Watch's Gary Bass testified this afternoon at a Committee on Science and Technology Subcommittee on Investigations and Oversight hearing, "Follow the Money Part II: Government and Public Resources for Recovery Act Oversight."

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Obama Releases Details of Tax Plan

President ObamaPresident Barack Obama announced today a plan that seeks to close loopholes used by companies and individuals to avoid paying taxes. In particular, Obama wants to make companies pay the proper tax rate on overseas profits and aggressively pursue those who use offshore tax havens to intentionally avoid paying taxes. His proposal is estimated to generate about $21 billion in revenue each year.

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House Passed Budget Resolution 233 - 193

Blue Dogs are the keyI'm pretty late getting this up today, but the House of Representatives passed the FY 2010 budget resolution earlier this afternoon by a vote of 233-193. 17 Democrats voted against the resolution and not one Republican supported it. The vote also saw only 6 Blue Dog Democrats oppose the resolution out of the 51 members of that group. The Senate is currently debating the conference report agreement on the budget resolution and is expected to approve it later today.

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House, Senate Reach Deal on FY 2010 Budget Resolution

budget resolution approvedThe House and Senate negotiators have reached agreement on the FY 2010 budget resolution. The resolution is expected on the floor of both chambers by tomorrow, marking the 100th day of President Obama's administration. Overall, the compromise fulfills many of Obama's top priorities, including reducing the nation’s dependence on foreign oil, improving education, reforming health care all the while reducing the deficit and cutting taxes, mainly for the middle class.

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RAT Board and NAPA Host Recovery.gov Dialogue

The Recovery Accountability and Transparency Board, the Office of Management and Budget and the National Academy of Public Administration are hosting a week-long, online dialogue around the question "What ideas, tools, and approaches can make Recovery.gov a place where all citizens can transparently monitor the expenditure and use of recovery funds?"

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Rep. McDermott Introduces Level-Headed Estate Tax Bill

Rep. Jim McDermottWashington Representative Jim McDermott (D) introduced a great estate tax bill yesterday that is level-headed and common sense really. H.R. 2023, the Sensible Estate Tax Act, would create a permanent estate tax with a $4 million exemption for couples and a 45 percent tax rate on the amount of an estate that is above that $4 million exemption. Larger estates would pay a higher tax rate. All I can say is it is about time.

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Tax Expenditures: The $1.2 Trillion Sieve

Over the years, Congress has made a number of exceptions in the tax code, ostensibly to encourage certain behavior by certain individuals or corporations. For example, homeowners can deduct from their federal income taxes the interest paid on their mortgage. Health insurance as a benefit by employers are not taxed as individual income. Had the federal government not allowed the mortgage interest deduction or employer-provide health insurance exemption, the Treasury would have seen about $184 billion (67.0 and 116.8, respectively) in more revenues in 2008 than it did.

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Coalition for an Accountable Recovery Submits Comments on Recovery.gov Guidance Memo

On April 17, the Coalition for an Accountable Recovery (CAR) submitted its comments on the Office of Management and Budget's (OMB) April 3 memo, "Updated Implementing Guidance for the American Recovery and Reinvestment Act of 2009." The memo is a supplement to a previous set of guidelines issued Feb. 18 to federal agencies on the implementation of the Recovery Act. CAR notes that OMB’s efforts are laudable and that the guidance is helpful in advancing transparency and accountability with regard to Recovery Act spending. However, the coalition also argues that the guidance still needs modification for meaningful transparency and accountability to be realized.

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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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