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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Health Care Act Cleaning Up the Tax Code

I was -- and I don't use this word lightly -- flabbergasted to find out yesterday that big corporations that provided a prescription drug benefit in their retirement plans were deducting from their taxes incentive payments from the government to provide the coverage. You read that right: the government pays corporations to provide a benefit and the corporation deducts that payment from their income taxes.

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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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What's New for Taxes in '11

A new report by the Joint Committee on taxation details what will happen to the tax code in 2011 should the Bush tax cuts expire. It's good primer (actually a little more detailed than that) on the landscape as it is as advocates turn to the looming tax debate in Congress.

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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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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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Americans for a Fair Estate Tax Announce Statement of Principles

Eat the Rich

On Tuesday, Americans for a Fair Estate Tax (AFET), a diverse coalition of public interest groups that OMB Watch is a part of and that champion a strong estate tax, adopted a new statement of principles on the tax. We argue that with both a dire need for the government to increase investment in basic public services and a credible long-term deficit problem looming, this is no time for Congress to grant further financial relief to the country's wealthiest citizens by reducing the estate tax.

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Sticking It to the Unemployed

Over a million families are hanging on by thread, and all Sen. Jon Kyl (R-$$) wants to do is cut taxes for heirs of multimillion dollar estates. In fact, he wants to give scions of the rich tax cuts so badly that he's blocking health insurance assistance and a badly needed Unemployment Insurance extension from getting through the Senate.

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President Obama's Progressive Tax Initiatives

When President Obama rolled out his Fiscal Year 2011 budget in early February, many focused attention on the potential negative effects of the administration's proposed three-year freeze on non-security discretionary spending. Moreover, the possible effects of the president’s hawkish rhetoric toward the federal budget deficit dismayed those in the progressive community who are concerned with social equity. However, a detailed examination of the tax section of the president's budget reveals several progressive proposals designed to aid in the fight against poverty and bolster the middle class.

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Oregon Ballot Initiatives Could Show Path Forward in Federal Tax Debate

The Great State of Oregon

In the midst of the media's recent myopic focus on the election of Sen. Scott Brown (R-MA), the fourth estate has largely overlooked the fact that Oregon voters approved measures at the ballot box in January to increase taxes on wealthy citizens and corporations to help bring the state back into fiscal balance. Earlier this week, the Center on Budget and Policy Priorities (CBPP) released a short paper on the implications those votes could have in Congress on the debate over the expiration of the Bush Tax Cuts.

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Estate Tax Foes Attempt to Enlist Religious Conservatives

Christian Soldiers Unite

It seems old Dick Patten at the American Family Business Institute (AFBI) is up to his old tricks again, trying to scare people about the estate tax with lies and distortions in an attempt to gin up support to kill the tax in Congress. This time, though, he's adopted pious language to spread the gospel of the "evils" of the tax among religious conservatives.

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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