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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Beware of Bad Economic Policy - The Balanced Budget Amendment Set to Return

The long-ago defeated proposal for a balanced budget amendment is rearing its ugly head once again. Unable to pass a budget this year and desperate to create the appearance of being fiscally responsible, the Republican leaders in the House of Representatives are promising a vote on the measure.

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Budget Resolution Update

As of June 1, there is still no budget resolution, even as the appropriations process is scheduled to begin.

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Proposed Budget Process Changes Are Too Risky

With the budget resolution appearing to be stalled in the Congress, attention may soon turn to changing the overall budget process.

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Update on Long-term Proactive Initiative

We thought you would like to know about an exciting and promising new effort aimed at stimulating the development of a long-term, proactive initiative on federal tax and budget policy.

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Economy and Jobs Watch: Corporate Profits at Record Highs, While Labor Compensation at 38-year Lows

Recent data show a major shift in the balance between corporate income and labor compensation. As a share of the economy labor compensation has not been this low in almost 40 years (since 1966), and after-tax corporate profits are at the highest levels ever recorded by the Bureau of Economic Analysis.

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Internet Tax Ban Going Nowhere

As reported in the last Watcher, on April 28 the Senate passed a four-year continuation of the now-expired Internet tax moratorium. Disagreements with the House make passage of the ban unlikely.

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A Tax Cut a Week in the House

In spite of the "PayGo" logjam over whether or not tax cuts ought to be offset, which continues to prevent passage of a budget resolution, the House persists with its "a tax cut a week" schedule.

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Estate Tax - Simulation Model

With the support of the American's for a Fair Estate Tax coalition, The Tax Policy Center has recently developed a new, state of the art, micro-simulation model of the estate tax. This new tool will allow the TPC experts to simulate alternate scenarios for the estate tax, including various reform options such as changes to the exemption level, tax rates, and QFOBI changes.

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Tax cuts don't "pay for themselves"

Recently Rep. Jim Nussle, Chairman of the House Budget Committee, argued against applying PayGo to taxes since "tax cuts pay for themselves."

Perhaps he should have had a chat with the Whitehouse's cheif economist...

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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