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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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What's in a Word?

Save 'Stimulus' for When We Really Need It Word is Senate Majority Leader Harry Reid (D-NV) may 'fast-track' S. 2636, the Foreclosure Prevention Act of 2008 (text) to the Senate floor this week.

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DAILY FISCAL POLICY REVIEW -- 02-25-08

Ahead This Week Tax/Energy Bill -- PAYGO in Play: This week, the House will take up a package of tax incentives for alternative energy and energy conservation programs omitted from last December's energy bill... The House tax bill would cost about $18.1 billion over 11 years and would comply with PAYGO by denying or reducing tax benefits for big oil and gas companies. Stimulus 2.0 -- Housing Sector: Meanwhile in the Senate, time permitting, the Democratic leadership will seek this week to bring a housing stimulus package of direct aid, tax breaks, and other initiatives to the floor.

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Coal Mine Safety Shortchanged by Years of Budget Cuts

Congress created the Mine Safety and Health Administration (MSHA) in 1977, placing a new federal focus on miner safety and health. In the past two years, a spike in coal mine fatalities and high-profile coal mine disasters have prompted many Americans and Congress to look to MSHA to improve miner safety, but years of budget cuts and the loss of qualified employees have left the agency struggling to fulfill its mission. A new article by OMB Watch, the latest in our Bankrupting Government series, tracks the history of budget and staffing cuts at the agency with a particular focus on MSHA's coal mine safety and health program.

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GOP Earmarks Website Ordered Shuttered

On Feb. 13, we noted the launch of a GOP/congressional website entitled "Earmark Reform" -- which we said "purports to promote the bipartisan message 'Stop the Earmarks. Fix Washington,' but appears to be a forum for federalist fury and partisan posturing." It's a weird site -- have a look here. Official congressional websites tend to be party-neutral, or, if they are party-based, their name, domain, and/or location make transparent their partisan identity. Here, the site is housed in a neutral name, domain, and location, but the content and tone are unmistakably apparatchik.

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DAILY FISCAL POLICY REVIEW -- 02-22-08

Stimulus 2.0 -- Senate to Consider Housing Package: Majority Leader Reid may bring a housing-oriented 'stimulus' package to the Senate floor with a vote perhaps sometime next week... The housing piece looks like a grab-bag of provisions:
  • a controversial bankruptcy law revision allowing judges to alter home mortgage terms
  • increased caps on state mortgage-revenue bonds
  • tax breaks for homebuilders
[Query: what makes this a stimulus package? A PAYGO waiver?]

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Economic State Misery Snapshot

Rankings of Jobless Claims and and Home Foreclosures Joblessness:
  • the five states with the largest increases in initial jobless claims for the week ending Feb. 15 were: California, (+7,857), Kentucky (+4,166), Illinois (+1,955), Georgia (+1,009), and Massachusetts (+501)
  • the five states wth the largest decreases were: Ohio (-2,752), Wisconsin (-2,232), North Carolina (-1,746), Pennsylvania (-1,608), and Florida (-1,410)
Homelessness:

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    Ashcroft and US Attorney Christie Testimony Delayed

    Readers may recall that last month we wrote about a no-bid contract worth between $28 million and $52 million former Attorney General John Ashcroft's firm received to oversee a court settlement. The contract was awarded by a former employee of Mr. Ashcroft - New Jersey's US Attorney Christopher Christie.

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    Are Contractors Taking Over?

    This morning, the New York Times published a fantastic article by Scott Shane and Ron Nixon about how contractors are taking over huge parts of the federal government. The article, "In Washington, Contractors Take On Biggest Role Ever," is the first in a series of articles by the Times that will investigate government contracting. And rightly so. Outsourcing of government jobs, services, and product development has more than doubled in the last 6 years - a staggering growth rate. The article in today's paper shows, contrary to popular belief, that contractors often end up costing the government more money than it would otherwise spend, with inflated hourly wages ($104 per hour in one example from the article), poor performance and management, and little oversight or accountability from government employees. Scott and Nixon profile problems at the General Services Administration and the Department of Homeland Security, among other agencies, as case examples of following poor contracting practices and making wasteful decisions that have squandered billions of taxpayer dollars while enriching private companies. In fact, one study cited in the article concluded the explosion of contracting "poses a threat to the government's long-term ability to perform its mission" and could "undermine the integrity of the government's decision making." The entire article is worth reading and does a great job summarizing some major concerns about the current contracting environment. I'm looking forward to the rest of the articles in the series and my only hope at this point is that every member of Congress will read the articles as well.

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    Economics and Statistics Administration Reverses Shutdown Decision for EconomicIndicators.gov

    EconomicIndicators.gov will continue operation. Last week, we noted that the U.S. Department of Commerce's Economics and Statistics Administration, which runs the economic data site, would be shutting it down due to budgetary constraints. This arrived in my inbox this morning: ESA initially planned to discontinue the service due to cost concerns but given the feedback ESA received, the decision has been made to continue the site and improve its functionality.

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    Worker Earnings Continue Decline

    According to yesterday's BLS Real Earnings report, for the fourth month in a row, workers saw a year-over-year decline in their paychecks. In January workers saw their pay drop by 0.5% from Dec. 2007 and 1.4% from Jan. 2007. Although a recession has not been officially declared, for millions of wage earners it certainly feels like one. (click to enlarge)

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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