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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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Supersized Supplemental Spending?

Saturday's New York Times reported on an emerging if-you-can't-beat-them-join-them strategy congressional Democrats are weighing as Congress takes up the Bush administration's request for a $108 billion supplemental war spending package for FY08:

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DAILY FISCAL POLICY REPORT -- April 21, 2008

In Congress This Week -- Farm Bill, Contracting Reform:
  • Farm Bill -- Following a one-week extension of the farm bill signed at the end of last week, Senate and House conferees plan to resume negotiations Tuesday, April 22 to reach a compromise on the five-year package which would renew U.S. agricultural programs. The sticking point remains finding $10 billion in new revenues to offset new spending in the bill.

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SCHIP Rules Imposed in 2007 Violated Law

The Government Accountability Office and the Congressional Research Service have concluded that rule changes imposed by the Bush administration on the State Children's Health Insurance Program (SCHIP) in 2007 violated federal law: BNA reports: In legal opinions released April 18, the Government Accountability Office and the Congressional Research Service said the SCHIP guidance is a rule for purposes of the Congressional Review Act (CRA) and so violates statutory requirements for congressional notice and review.

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Earmarks for Me, But Not for Thee

Hurling invective at earmarks and deriding them all as wasteful "bridges to nowhere," is a popular theme these days. However, as Sen. John McCain (R-AZ) has recently demonstrated, adopting a pox-on-all-earmarks position can quickly dissolve into a cafeteria-style earmark policy: "I like this earmark and this earmark, but not that one over there."

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Pottery Barn Rule Non-Operational?

Sens. Ben Nelson (D-NE), Susan Collins (R-ME), and Evan Bayh (D-IN) are calling for war spending language that would shift some reconstruction costs to Iraqis. Their proposal would convert U.S. reconstruction funds from grants to loans. Citing Iraq's budget surplus and the U.S.'s deficit, Nelson said that Iraq must take fiscal responsibility for its reconstruction.

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DAILY FISCAL POLICY REPORT -- April 18, 2008

Economy -- 9 in 10 Americans Negative on Economy: A Washington Post-ABC News poll shows that nine in 10 Americans -- including a wide majority of Republicans -- now give the economy a negative rating, with a majority saying it is in "poor" shape, the most to say so in more than 15 years. Republicans are even sour about the efficacy of the stimulus tax rebate, with 68 percent saying it will fail to abate the slowdown, an increase of 21 points since February. Story.

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More Fallout From Federal Budget Cuts

The Washington Post reported this morning that U.S. nuclear weapons labs are losing staff and not undertaking necessary and valuable research because of budget cuts. From the Post article: The directors of the nation's three national nuclear weapons laboratories say that budget cuts by Congress and the Bush administration have reduced their ability to carry out scientific research needed to ensure the reliability of the nation's nuclear arsenal in future years.

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DAILY FISCAL POLICY REPORT -- April 17, 2008

Economy -- Housing Starts Lowest in 17 Years: Housing starts tumbled nearly 12 percent in March to their lowest level since March 1991, with big declines in all four national regions, falling to a seasonally adjusted annual rate of 947,000, a decline of 11.9 percent from February, according to a joint Commerce and Housing and Urban Development report released yesterady. The year-on-year decline is 36.5 percent. Story.

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Bill to Stop Medicaid Regs Moves Forward

A bill to delay seven regulations that would eliminate or severely cut Medicaid health care programs won unanimous approval yesterday in the House Energy and Commerce Committee by a vote of 46 - 0. The top Senate Republican on this topic - Sen. Charles Grassley (R-IA) - opposes the House bill despite overwhelming bipartisan support for it. Grassley prefers to amend the regulations rather than postpone for a year.

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Re-Stimulus Redux

Act II, Scene I in the legislative drama of the stimulus played out this afternoon in the House Ways & Means Committee, as the panel considered a proposal to give residents of most states an additional 13 weeks of unemployment benefits, on top of the 26 weeks already authorized under law. Residents of states with unemployment rates at or above 6 percent (today, that means Alaska and Michigan) would get an additional 13 weeks.

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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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