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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Compare and Contrast

You wouldn't believe it from the deft strokes of his veto pen, but President Bush is the very same president who signed into law the massive Medicare prescription drug benefit. Let's compare that bill with the recently vetoed SCHIP bill: Program 5-Year Cost (billions of dollars) Fully Funded? Vetoed? Medicare prescription drug coverage 268.7 No No SCHIP Expansion 34.9 Yes Yes (click to enlarge)

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Boehner Incensed Taxpayers Have to Fund Bush's War

via CQ($): Responding to Congressional appropriators' suggestion that an income tax surcharge might be used to pay for future operations in Iraq and Afghanistan, a livid House Minority Leader John Boehner (R-OH) played the "partisan" card to avoid making fiscally responsible decisions about war spending. Raiding every taxpayer's wallet for the purposes of playing politics with our national security amounts to some of the most irresponsible public policy I've seen in a long, long time.

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Obey Likely to Put Off War Funding Until '08

According to CongressDaily (no link, sorry), unless the president concedes to major changes in his war policy, House Appropriations Chair David Obey (D-WI) said his committee won't report an FY 2008 war supplemental. Obey: I have absolutely no intention of reporting out of committee anytime in this session any such request that simply serves to continue the status quo.

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Feed And Forage Back Again?

Loyal and long time readers of the BudgetBlog may remember the Feed and Forage Act, a budget policy as obscure as budget policies get (now that's obscure!). It gives the President the authority to obligate funding for a war without an appropriation. So even if funding runs out, soldiers will be provided for. Conceivably, the President then couldn't use a funding deadline to coerce Congress into funding wars. Calls to "support the troops" might ring hollow.

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Feelin' Blue?

Well, I've got just the thing- an encouraging article in the Washington Post this morning on fiscal policy! Here's House Minority Leader Rep. John Boehner (R-OH), coming to grips with unequal economic growth: "There's no question the economy is good, but it's not a good for everybody," said House Minority Leader John A. Boehner (R-Ohio.). "When you look at family incomes, there hasn't been much rise. But there has been increased health-care costs, increased energy costs. They're nibbling up more than the family budget. It just drives more concerns. "

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The President's Priorities: Neither National nor Fiscally Responsible

Sure, he talks a big game about "fiscal responsibility," but it's more a rhetorical tick than any sort of commitment to adequately funding national priorities. This week is emblematic of the president's bankrupt talking point.

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Round-Up: Senate Votes on CR, SCHIP, Debt Limit

Continuing Resolution Adopted: By 94-1, the Senate voted late yesterday to keep the government operating through Nov. 16, adopting an FY 2008 continuing resolution (CR) which will fund government programs at fiscal 2007 levels. The CR keeps funds flowing to federal programs whose authorizations lapse Sept. 30, including food stamps, the Federal Aviation Administration and the State Children's Health Insurance Program. As we noted, House passed the CR on Wednesday, 404-14. Debt Limit Increased:

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Rally for Children's Health

The Center for American Progress Action Fund and Service Employees International Union will be marching and rallying in Washington, DC on Monday to protest the president's expected veto of expanded SCHIP funding.

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Iraq Funding an Emergency? Who Sez?

==> NEWS ITEM (per Congress Daily, $): Yesterday, "the Bush administration upped its emergency war funding request to $192.8 billion and counting." The administration's standards for emergency supplemental appropriations -- as re-stated annually in the president's federal budget proposal since he took office, "are defined as follows:"
  • necessary expenditure—an essential or vital expenditure, not one that is merely useful or beneficial
  • sudden—quickly coming into being, not building up over time
  • urgent—pressing and compelling, requiring immediate action

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The Debt and The War

The Center for American Progress has done a nice job illustrating data that the National Priorities Project just released on who's bearing the cost of the war. You can check out your state and see how much of the nearly $193 billion supplemental you'll be paying. But the thing is, for the most part, nobody's paying anything to finance this war just yet. We're just racking up more debt, and that'll have to be paid off from now until eternity.

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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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