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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Budget Resolution Looks like a 'Go,' but May be Less Than Desirable

The U.S. Capitol

A Congressional Quarterly article (subscription) published this afternoon puts to rest recent rumors that Congress won't enact a budget resolution this year, quoting Senate Budget Committee Chairman Kent Conrad (D-ND) that he has a "green light" from leadership to put something together. In his remarks, though, Conrad claimed he would produce an "aggressive budget" with deficit projections well below what the White House's budget proposal forecasts.

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Oversight Board Urges Congress to Give the IRS More Cash than the President Requested

No, not that kind of Cash...

According to a Bureau of National Affairs article (subscription) published today, the Internal Revenue Service's (IRS) Oversight Board publically released its recommendation on the FY 2011 budget this morning. Submitted to the House and Senate appropriations committees last month, the recommendation requests 2.2 percent more funding for the agency than President Obama proposed. The additional resources would go toward taxpayer services and operations support.

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OMB Memo Seeks to Improve Spending Transparency in Near- and Long-Terms

The Office and Management and Budget (OMB) issued a memo (PDF) today under President Obama's Open Government Directive that features a handful of goodies for federal spending transparency aficionados.

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Treasury's Rush to Sell Citigroup Shares Could Cost Taxpayers

On March 29, the Treasury Department announced that it would begin selling the 7.7 billion Citigroup shares it owns, which represent the government's 27 percent stake in the company. The move is the most significant step Treasury has taken so far in the long process of winding down the Troubled Asset Relief Program (TARP). Since selling the stock will generate more than $30 billion, a profit of at least $7 billion, many news reports are claiming it proves the bailout was a "great business" for the government. However, Treasury’s sale may be in conflict with one of TARP’s statutory goals: maximizing taxpayer returns.

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Fatally Flawed Stimulus Report Ignores Subrecipients

The great thing about the Recovery Act is that it provides us with a great deal of data on hundreds of billions of dollars of federal spending. Anyone can go to Recovery.gov, the stimulus tracking website, download data for their state or the entire nation, and see each and every report submitted by recipients of the funds -- all 230,000 of them. Sifting through that amount of data can be like drinking from a fire hose, but it's an important feature of any spending transparency system. Anyone can take the data and do their own analysis, greatly expanding the uses of the data.

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Gentlemen, Start Your Reporting!

Today starts the third round of Recovery Act recipient reporting.  Contractors/grantees/loanees (is that a word?), if you have anything you want to tell the Recovery Board, you have just over 9 days left to report in.  The reports from this cycle will be published on April 30.

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Pettiness Creates Bad Tax Policy

My tax policies leave this much to be desired

Earlier this month, Rep. Jason Chaffetz (R-UT) introduced legislation that would require the government to fire federal workers who fail to pay their taxes, and prevent the government from hiring those with "seriously delinquent tax debts." According to Chaffetz, his proposal is perfectly in keeping with President Obama's recent effort to prevent tax delinquent companies from winning government contracts. Chaffetz's reasoning, however, is grossly oversimplified, and his bill, which is resultantly flawed, looks like a knee-jerk attempt at retribution for the private sector.

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Recovery Act Website: $6.8 million. Moving Towards a Transparent Government? Priceless

Here's a little news tidbit from the Recovery Board: in his latest "Chairman's Corner" post, Recovery Board Chairman Earl Devaney disclosed that the website Recovery.gov has thus far cost $6.8 million. This is out of a $9.5 million contract with Smartronix, a Maryland IT company, meaning that the Board has about another $2.7 million left in its contract. After that, the Board has the option of extending the contract through 2014, for about another $9 million. Now, $6.8 million isn't exactly cheap, but for creating a website to show a brand new type of reporting in an extremely compressed time frame, it's not too bad.

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CAP's New Tool Will Break It Down for You

The Center for American Progress has put up a neat interactive federal budget chart.

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Recovery Board to Amend Two-Time Loser List

Responding to a smart ProPublica article from a couple weeks ago, the Recovery Board will be removing 79 of 389 awards from the "two-time loser" list, which documents Recovery Act recipients who twice failed to report on their use of Recovery Act funds. Turns out these 79 reports were in fact filed for one or both of the two reporting quarters.

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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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