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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Tax Havens, Animated

Tax Havens 101: The high cost of going offshore, an animation by The Washington Post, illustrates how offshore tax havens allow investors to legally – and quite easily – dodge taxes and accountability. This loophole costs our country billions in lost revenue. A recent report by U.S. Public Interest Research Group (PIRG) found that these tax havens cost the average taxpayer $1,026 and each small business $3,067 each year.

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How Do Billion-Dollar Corporations Cheat America Out of Tax Revenue?

Find out how corporations use transfer pricing to shift profits offshore and get out of paying taxes in the U.S.  From We're Not Broke, the story of U.S. corporations dodging billions of dollars in income tax, and how seven fed-up Americans take their frustration to the streets... and vow to make the corporations pay their fair share.

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How Do Giant Corporations Get Away with "Legal" Tax Cheating?

 

See how multinational corporations lobby to write their own tax laws. From We're Not Broke, the story of U.S. corporations dodging billions of dollars in income tax, and how seven fed-up Americans take their frustration to the streets ... and vow to make the corporations pay their fair share.

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Battle Lines Await an (Unlikely) Budgetary "Grand Bargain"

With Congress and the Obama administration still divided over tax revenues, the possibility of a "grand bargain" on another major deficit reduction package seems increasingly small.

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New Bowles-Simpson Deficit Plan Emphasizes Spending Cuts

Erskine Bowles and Alan Simpson, co-chairs of a presidentially appointed bipartisan commission that failed to reach agreement on a deficit reduction plan in 2010, released a new plan on Feb. 19 to reduce the federal deficit by an additional $2.4 trillion over the next ten years.  Most of the proposed new deficit reduction is achieved through spending cuts.

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The Wall Street Sales Tax

As policymakers in Washington, DC continue to debate our nation's budget priorities, some of the options currently being considered are cuts in Social Security benefits, education and health programs, important investments in transportation infrastructure and health research, and anti-poverty programs, among many others.

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CBO Report Reveals Economic Damage Done by Deficit Reduction

A new report from the Congressional Budget Office (CBO), released Feb. 5, reveals that the federal budget deficit is now on track to drop below $1 trillion for the first time in several years. It is expected to drop further for several more years without any additional efforts at deficit reduction. However, this drop has been bought at a significant cost, including substantially reduced economic growth and higher unemployment.

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Congress Sets Stage for Second Budget Showdown

On Jan. 23, the House of Representatives sidestepped a battle over the debt ceiling and prepared itself instead for a coming fight over sequestration and a possible government shutdown. The No Budget, No Pay Act (H.R. 325), passed by the House, suspends the debt ceiling until May 18 and ties congressional pay to passage of budget resolutions in the House and Senate by April 15.

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Spending Cuts Loom Large as Budget Debate Continues

Resolution of last year's "fiscal cliff" fight was achieved in the first few hours of the new year with a tax package that made permanent 82 percent of the Bush-era’s tax cuts. This may have made a "grand bargain" on the deficit that balances tax and spending provisions much more difficult to achieve and heightened the likelihood of more spending cuts.

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Payroll Tax Cut Extension Back on the Table?

House Budget Committee Ranking Member Chris Van Hollen (D-MD) made a few waves in October when he said that the payroll tax cut should be extended beyond the end of the year. Van Hollen noted that, given the state of the economy, extending the payroll tax cut would put money into the "pockets of working Americans who actually go out and spend that money."

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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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