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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More Money Held From Deficit Figures

Building on yesterday's post, I think the costs that have been shifted are probably larger than first reported. Here's the Congressional Budget Office (CBO) report:

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Secret Holder Unmasked

Sen. Ted Stevens (R-AK) has put a hold on S. 2590. TPMmuckraker reporting: A spokesman for Sen. Ted Stevens (R-AK) just confirmed his boss was the man behind the secret hold on the Coburn/Obama spending database bill, which has captivated a segment of the political blogging community in recent days. "Sen. Stevens does have a hold on the bill," said the spokesman, who would only speak on the condition he not be named.

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Budget Cuts in Texas

Here's an interesting article on how budget cuts in child support are affecting state agencies in Texas. AUSTIN — Federal budget cuts could cripple Texas' efforts to collect child support payments, forcing the state to lay off at least 1,750 employees. Attorney General Greg Abbott informed legislative leaders Friday that if his office doesn't get more state funds next year, its child support division will be forced to lay off two-thirds of its employees. "Over half our offices serving families across the state could close," he said.

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Who Is The Secret Holder: From 100 Down to 5

TPMMuckraker, with the help of GOP Progress and porkbusters.org (who originally started the tally), has narrowed the list of possibilities of the "secret hold" on S. 2590 in the Senate to five candidates (in fact, in the time I took writing this post, the list narrowed from eight to five):
    Robert Byrd (D - WV) Mike Crapo (R - ID) Judd Gregg (R - NH) Orrin Hatch (R - UT) Ted Stevens (R - AK)

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More Transparency on Katrina?

A year ago today, of course, Hurricane Katrina hit New Orleans. I don't have much to add to all that's been said so far, except for that we don't really know how the federal government has been spending the money it allocated for the relief and recovery effort. Amy Liu, a researcher for the Brookings Institute who's been tracking the recovery for the last year, should know what the federal government has been spending the money on. But as she said on the Tavis Smiley show in July, nobody really does.

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Income, Poverty Stats: Two Tales of the Economy

This morning, the Census Bureau released its report, Income, Poverty, and Health Insurance Coverage in the United States: 2005. Nationally, 2005’s 1.1 percent increase marked the first time that real median household income showed an improvement since 1999. The poverty rate remained statistically unchanged from 2004, which marked the end of four consecutive years of increases. That’s one tale of the economy. But, as OMB Watch noted yesterday, the raw numbers are misleading unless historical benchmarks are taken into account. The economic tale that does so is not as sanguine.

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EPI's "The State of Working America"

Coming soon... On Labor Day 2006, the Economic Policy Institute releases its advance edition of The State of Working America 2006/2007.

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Secret Hold Update

TMPmuckraker has a handy-dandy tally of senators who have been cleared of being the secret holder. Their tally includes senators cleared by Porkbusters, GOP Progress, and TPMmuckraker. It also includes a list of senators who have refused to answer queries about the hold or who have not issued a denial.

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Bush Seeing Colors on the Estate Tax?

In his speech (text; video) to the NAACP last month, President Bush implied that the estate tax discriminates against black entrepreneurs. Darius Ross, himself a black entrepreneur, shredded that absurd, if not vaguely racist, hypothesis in an incisive TomPaine.com commentary last week. Ross cites a stat suggesting that the estate tax may actually be roughly ten times more burdensome on whites: “The median net worth of African American households was $19,024, compared to $120,989 for whites in 2001,” he writes.

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New Lows

Via Kevin Drum, we may now know why CBO found an unexpected drop in Medicare spending this year. Actual spending hasn't gone down. Rather, the Bush administration is waiting until next fiscal year to pay some of its bills from this year. That way, some of the spending on services performed this year will get counted in the FY07 budget. And when the CBO puts out its FY07 budget projection, there'll be no pesky election to worry about. Here's an excerpt from a great article on the scheme, from Barron's (sub. req'd).

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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