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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Looking for Revenue?

Upon the request of House Speaker Nancy Peolosi and House Budget Committee Chair John Spratt, the Congressional Budget Office (CBO) has analyzed the budgetary impact of three alternative policy scenarios.

They find that letting the Bush tax cuts for the rich expire would trim, over 10 years, $1.4 trillion from the federal budget deficit.

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Congress Looks to Complete Fiscal Year 2009 Funding Bills

On Feb. 23, the House released details of a $410 billion omnibus spending bill. The bill would continue funding large portions of the federal government for the remainder of the fiscal year, which ends Sept. 30. The omnibus bill bundles appropriations for nine out of 12 spending bills set to expire on March 6. The Senate is expected to pick up the legislation the first week of March.

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President Obama to Release His Fiscal Year 2010 Budget

President Barack Obama is expected to release his Fiscal Year 2010 budget on Feb. 26. Details of the spending blueprint remain vague, but media reports indicate that the president's budget, unlike those of his predecessor, will hew closer to real-world situations. For example, Obama's budget will include spending on the conflicts in Iraq and Afghanistan, physician reimbursements under Medicare, costs associated with natural disasters, and lost revenues from changes in the alternative minimum tax.

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Recovery.gov

It's live.

The new stimulus spending website mandated by the recently-passed (and soon-to-be-signed) American Recovery and Reinvestment Act is now up and operational.

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House and(Likely?) Senate Approval of Pretty Good Stimulus Transparency

UPDATE: The Senate has approved the bill 60-38.

UPDATE 2 (2/17/2009): President Obama has signed ARRA into law.

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AMT in Stimulus Forces Better Tax Provisions Out

At Tax Vox, Howard Gleckman casts righteous aspersion on Congress's decision to include of an AMT patch in the stimulus bill.

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Congress Takes Step Toward Stimulus Transparency

When the Senate took up the $819 billion House-passed economic stimulus package (H.R. 1) the week of Feb. 2, not only did the chamber modify myriad spending and tax measures, but it also altered the bill's transparency and accountability provisions. The Senate's version of H.R. 1, the American Recovery and Reinvestment Act of 2009 (ARRA), contains less detail on specific data the Obama administration must provide on stimulus spending. Neither version provides the level of detail that may be needed to collect and disseminate information about the type of jobs that are created or preserved, the wages paid to workers, or information about who may be getting such jobs. The assumption is that the Obama administration, through its Recovery.gov website, will tackle these thorny implementation issues.

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OMB Watch Joins Stimulus Transparency Coalition

OMB Watch has joined more than 30 other groups calling for transparency and accountability requirements in federal recovery efforts, including the American Recovery and Reinvestment Act (H.R. 1). The Coalition for an Accountable Recovery (CAR) is an assembly of organizations and individuals who believe transparency and accountability are essential to ensuring that hundreds of billions of dollars of federal spending is disbursed fairly; spent with minimal waste, fraud, and abuse; and can be assessed as effective or ineffective.

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Senate Considers Stimulus Bill with Weaker Transparency Language

The Senate is currently debating the American Recovery and Reinvestment Act of 2009 (S. 336), (or just "ARRA" or close friends and associates). And as we noted last week, the tax cuts and spending in the House version (HR 1) were receiving wide press attention, but we were more interested in the bill's transparency and accountability language. Today, we turn the spotlight on the analogue provisions in the Senate bill.

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New Treasury Secretary Takes Steps to TARP Transparency

Yesterday, Treasury Secretary Tim Geithner announced that the Treasury Department will begin posting investment contracts of the banks that are participating in the Troubled Asset Relief Program (TARP).

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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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