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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House Approves Senate-Revised Stimulus Package, Heads to President's Desk

The House voted (380-34) to approve an economic stimulus package passed by the Senate hours earlier. The measure now awaits the president's signature. Congress has decided that the hungry, the unemployed, and the cold should continue to go without adequate food, adequate income, and adequate heat, because putting money into their hands would do little stimulate the economy as they probably wouldn't spend it.

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Budget Reform Proposals-in-Wonderland

Once again this year, the president's budget includes a set of budget reform proposals, not substantially changed from the proposals put forth in the same space in years past (evaluated here). Among the highlights:
  • Joint Budget Resolution: The President's budget advocates a joint budget resolution requiring the President's signature. Of course, this would give the Budget Resolution the force of law, meaning that Congress would effectively set the level of appropriations bills.
  • Line-Item Veto: George Will has the last word...

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DAILY FISCAL POLICY REVIEW

The FY09 budget proposal submitted Monday by President Bush is the talk of the town (leaving the the Super Bowl and Super Tuesday results and aftermath aside). Not so much because it is likely to be enacted, but because it provides talking points opportunities for everyone. Below are figures from the Senate Budget Committee that express the president's broad priorites in stark terms. The defense figure is the highest in real terms since World War II; the domestic cuts belie the administration's concerns about a recession...

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More Reactions/Analysis of President's Budget

More reactions and analysis of the president's budget have emerged since our first round-up post on Tuesday:
  • CBPP: President's Budget and Medicare "Trigger"
  • NWLC: Budget Woes: President's FY 2009 Budget
  • Committee for a Responsible Federal Budget: The President's FY 2009 Budget
  • The Workforce Alliance: FY 2009 Federal Funding Analyses
There have also been a number of statements and analyses circulated from Capitol Hill:
  • Senate Budget Committee Dems: Brief Analysis of Bush FY 2009 Budget
  • Sen. Conrad (D-ND): Statement on FY 2009 Budget Release
  • Majority Leader Hoyer (D-MD): Bush's Legacy: Fiscal Meltdown, Weak Economy
  • House Budget Committee: State-by-State Analysis of President's FY 2009 Budget Request
  • Speaker Pelosi (D-CA): Statement on President Bush's FY 2009 Budget
  • Majority Leader Hoyer: Statement on Bush's Release of Another Fiscally Irresponsible Budget
  • Sen. Gregg (R-NH): Statement on FY 2009 Budget Release
  • Senate Budget Committee Repubs: Overview of President's Budget

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Specific Budget Cuts That Have No Future

After we pointed out a number of proposed budget cuts that are going nowhere, there have been a few news articles this week about other specific budget cuts proposed by President Bush in his FY 2009 budget that we missed. These also have about a zero percent chance of being enacted by Congress. Those proposed cuts include:
  • Corporation for Public Broadcasting: Bush would cut 50 percent of the CPBs $400 million budget in FY 2009 and cut $220 million from the $420 million already planned for 2010. (See NYT: Public Broadcasters Prepare to Fight Federal Budget Cuts)
  • Appalachian Regional Commission: Bush would cut the federal portion of the ARCs budget by 11 percent, dropping it from $73 million to $65 million in FY 2009. Congress has already authorized much higher amounts for the ARC (House - $85 million, Senate - $102 million), which runs grant programs to boost access to housing, health care, the Internet and other services in a 13 state, 410-county area. (See CQ ($): Congress Unlikely to Accept Cuts to Appalachian Development Panel)

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Bush Budget Ignores Consumer Safety Needs

President Bush's FY 2009 budget request, announced Feb. 4, proposes level funding for the Consumer Product Safety Commission — essentially a budget cut when adjusted for inflation. Bush has chosen to flat-line the agency's funding even though the public, media, and Congress are realizing resource shortfalls at CPSC have undermined its ability to ensure product safety. A new article by OMB Watch tracks the history of budget and staffing cuts at the agency and shows how CPSC's resources have not kept pace with the growth of the industries it regulates, specifically the toy industry and the ATV industry.

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Bush Breaks His Record For Tiniest Budget Yet

Since the president's FY 2009 budget request was mostly a rehash of old policies and proposals we've already spent time debunking in previous years, we've been looking for some new angles with which to view the president's budget. As I was sitting at my desk looking at the budget books in my office, the actual length of the main budget volume released this year jumped out at me. Or I should say, it didn't jump out at me. Turns out the main budget book for the FY 2009 budget is the shortest one ever released by the president. At 170 pages, it is more than 45 percent shorter than the average length of the budget book released each year by President Bush (which came in at 311 pages. Not sure what one can make of this change, particularly since the FY 2008 budget is also much shorter than the Bush average. This particular part of the president's budget proposal has evolved during the Bush administration to be a fancy, glossy, picture-filed advertisement for the administration's achievements and priorities, with little hard budgetary information. It is developed, I suppose, to help the administration put the best spin on their budget proposal and successes. I wonder if the Bush administration is tired of actively selling their misguided priorities, particularly in this final year and that is the reason for the shorter volume? Or perhaps they have realized they really don't have many budget achievements that they should be bragging about?

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Bush Budget Bashed on Bipartisan Basis

Destined to be Disregarded and Consigned to the Dustbin The reviews have been swift and harsh. The FY09 budget proposal submitted yesterday by President Bush might serve better as wallpaper or fish wrapping than as a policy blueprint. The New York Times editorialized in Lame-Duck Budget thusly:

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Bush Weasels Out of Forecasting Another Record Deficit

Had the president used realistic assumptions about economic growth in 2008, yesterday's headlines covering the FY 2009 budget request would have been: "Record Deficit Projected." Instead, the president chose to use a somewhat optimistic GDP growth rate of 2.7 percent, which produces a higher revenue forecast and subsequently lower deficit of $410 billion. If, on the other hand, the president chose to employ the CBO's numbers (GDP growth of 1.7%), the projected deficit for 2008 would have been a jaw-dropping $426.4 billion, significantly surpassing 2004's $413 billion deficit.

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The Bush Budget Legacy: Misleading Claims and Misguided Priorities

On Feb. 4, President Bush laid out, in a rather slender volume, his federal budget proposal for Fiscal Year 2009, which begins on Oct. 1. Unfortunately, Bush has made little progress toward constructing an honest, fiscally responsible budget that meets the needs of America's communities. In fact, criticisms identical to those levied a year ago against his FY 2008 budget are still quite suitable in their application today — Bush's assumptions about war spending and Alternative Minimum Tax (AMT) reform are unrealistic if not outright spurious. His attempt to balance the budget by 2012 requires massive cuts to Medicare, Medicaid, and other popular domestic investments Congress will certainly not enact. His proposal to terminate or radically cut 151 federal programs is fantastical — wholesale cuts to popular discretionary programs are not only unlikely but are irresponsible in the face of worsening economic conditions.

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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