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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Commentary: Why Discretionary Budget Caps Are Fiscally Irresponsible

With many families around the country facing financial hardship, fiscal hawks on Capitol Hill have begun ramping up their rhetoric: If America's families are forced to make hard decisions and cut back, they argue, why shouldn't their elected leaders do the same? During the week of March 15, Sens. Jeff Sessions (R-AL) and Claire McCaskill (D-MO) introduced an amendment to H.R. 1586 that aimed to give teeth to that rhetoric. The amendment's effects on the nation's long-term debt would have been minimal, while its impacts on millions of Americans would have been severe. The amendment ultimately failed on the Senate floor.

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Recent GAO Reports Show Need for Better Data on Tax Expenditures

Two recent reports released by the Government Accountability Office (GAO), which examine the effectiveness of tax credits that target poverty and unemployment in economically distressed areas, show that Congress must require better data collection to properly assess tax expenditure programs.

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The Recovery Act is Working

Thirty-eight of fifty-four economists can't be wrong. That's the number of economists who, in a recent survey by the Wall Street Journal ($), said that "the American Recovery and Reinvestment Act boosted growth and mitigated job losses." In other words, 70 percent of economists think that the Recovery Act has helped the nation. Looks like somebody's been reading the many, many official reports which have repeatedly said the exact same thing. But I guess something just isn't true until a majority of randomly selected Ph.Ds say it, right?

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Senate Rejects Arbitrary Budget Caps

Thanks in no small part to the 1,146 emails you sent in the past 48 hours, the Senate just voted down the Sessions-McCaskill amendment, which would have instituted draconian discretionary budget caps for the next three fiscal years. The amendment lost on a 56-40 vote, failing to reach the 60-vote margin it needed by only four votes.

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Keep the Pressure on the Senate

We're hearing that the vote on the Sessions-McCaskill amendment will happen today at 5 (EDT). If you haven't done so yet, send a letter to your Senators and tell them that arbitrary limitations on federal spending is terrible budget-making. Take action now!

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Tell the Senate to Vote No on Disastrous Discretionary Spending Caps

In what looks like an attempt to out-fiscal-hawk President Obama, Sens. Jeff Sessions (R-AL) and Claire McCaskill (D-MO) have introduced an amendment that would impose strict limits on discretionary spending for the next three years. The amendment sets limits far lower than Obama's already low budget proposal, and it even includes a cap on defense discretionary spending, something the President's proposal does not do. Such caps would result in drastic cuts to many vital economic safety net programs and public protection agencies, negatively impacting the lives of millions of Americans. And while the two senators claim that the amendment will reduce the deficit, in reality, because discretionary spending is so little of the federal budget, the amendment's deficit-reducing effects will be minimal.

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Agency Staffs Burdened by Recovery Act Spending

Ever wonder about the mechanics of how to spend over $800 billion? Well, so did the authors of a new report from the Recovery Accountability and Transparency Board, the group charged with Recovery Act oversight, a report which looks at staffing levels in federal agencies in the wake of the Act's passage. And the results aren't good. The report warns that "Recovery Act funding has substantially increased the workload of most agencies receiving these funds," and that as a result, many agency programs are reporting drastically inadequate staffing levels for their workloads.

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Earmarks: Inherently Bad or Just Broken?

You can always tell when the appropriations season is approaching because, somehow, earmarks, the shadowiest part of the appropriations process, always find a way of sneaking back into the political discourse. True to form, as we wait for Congress' budget resolution, today saw both the Democrats and Republicans announcing their own earmark reform plans. The House Democrats, through Congressman David Obey, chairman of the Appropriations Committee, announced that they would be forbidding earmarks to for-profit organizations. At the same time, House Republican Leader John Boehner announced that his caucus was considering an outright ban on earmarks from House Republicans.

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CTJ Shows Tax Proposals in Rep. Ryan's 'Roadmap' Lead to Disaster

Luckily, No One was Hurt...

In a report released yesterday, Citizens for Tax Justice (CTJ) critically examine the tax policies proposed recently in Rep. Paul Ryan's (R-WI) budget alternative, conventionally titled, "A Roadmap for America's Future." Claims of the proposal "balancing the budget" and "reforming entitlements" have already been thoroughly debunked, but CTJ has contributed a valuable analysis of the young Republican's tax policies, which will actually cost the government "$2 trillion over a decade even while requiring 90 percent of taxpayers to pay more" than they already do in taxes.

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Fun with Recovery Act Tax Expenditure Graphs!

The Recovery Board, via the Office of Tax Analysis, has a new set of snazzy charts and graphs breaking down Recovery Act tax obligations, from March to December 2009. There isn't anything particularly newsworthy in these charts, since we've known the relative sizes of the expenditures for a while now, but they are very useful in seeing the expenditures over time, which is a new trick. I added part of one of the more interesting charts below; just be aware that more current estimates place the tax expenditure amount obligated closer to $120 billion.

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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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