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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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Monthly Budget Review: June, 2008

CBO has released its Monthly Budget Review for June. It finds that while the stimulus payments accounted for a $21 billion decline in monthly revenue (compared to last June), June's surplus would still have been lower than last year's when the rebates are accounted for. Details below.

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Congress to End White House Forest Conservation Program

CQ reports ($) that Congress intends to reverse OMB's decision to stop issuing printed budgets to various government offices. The committee report accompanying the fiscal 2009 Financial Services appropriations bill, which includes funds for White House operations, instructs OMB to send paper copies of the budget to Capitol Hill next year. "Committees and Members' offices frequently rely on the printed budget as one of many tools to analyze the president's proposals," the report reads.

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Bush Signs War Supplemental, Cements Fiscal Legacy

Contrary to his assertion that he would "not accept a supplemental over $108 billion," President Bush signed a $257 billion war supplemental spending package on June 30. The bill will fund the wars in Iraq and Afghanistan for the remainder of the fiscal year (ending Sept. 30) and through the first several months of the next president's term.

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Fiscal Policy Agenda Returns to Washington

The Fiscal Policy Team and Congress both return to action this week with a number of fiscal policy issues to be tackled during the next five weeks. Below is a rundown of issues coming up soon, with most of the action happening in the Senate:
  • Debate continues between Senate Democrats and Republicans over whether to offset the cost of a popular package of tax breaks called the "extenders." The latest development is that Senate Republicans are now challenging Democrats to offset the cost of the package with spending cuts rather than other tax increases. BNA ($)

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Bush Signs War Supplemental

President Bush signed into law today a $257 billion supplemental spending package that will fund the wars in Iraq and Afghanistan several months into the next president's term and a host of domestic programs. Bush's signature on the bill comes days after the Senate passed the measure Thursday night.

The package appropriates some $162 billion dollars for the wars; $62.8 billion for an expanded GI bill; $8.2 billion for a 13-week unemployment insurance benefit extension; and a bevy of other domestic discretionary spending provisions.

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BudgetBlog on Hiatus for Holiday: Happy Fourth Everyone!

Happy Fourth of July! Just wanted to let our loyal BudgetBlog readers know we're going on a short hiatus next week. With Congress heading out of town for a short summer recess and the upcoming Fourth of July holiday next week, the Fiscal Policy team is heading out of town in order to escape the heat for some well-deserved vacation. This means, though, that the BudgetBlog will be dormant next week. But don't despair. Craig and I will return in one short week on July 7 to continue to bring you all the news, gossip, information, and analysis on federal fiscal policy you've come to expect.

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The Heat Must Be Getting to Them

It's the end of June, and the temperature is climbing in the District. And I think it's starting to affect the work of our elected leaders. The House Appropriations Committee abruptly adjourned in chaos Thursday before acting on two big domestic spending bills, after Republicans tried to force the committee to take up a bill covering the Interior Department they believe could be used to lower fuel prices. ...

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GAO Report Finds Private Medicare Providers Prefer Profits Over Providing Better Service

A recently released GAO report finds that (surprise!) Medicare Advantage providers predicted lower profit margins in 2005 than actually materialized.

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Yet Another Example of Questionable Outsourcing

Another report of a questionable use of outsourcing appeared today in CongressDaily, this time it's happening over at the State Department. Seems folks over there have modified an existing contract to Computer Sciences Corporation (FedSpending.org profile) to "collect visa information and fingerprints of Mexicans applying for new border crossing cards." The non-competed contract has raised some eyebrows in Congress and among government watchdogs, particularly the Government Accountability Office (GAO).

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Senate GOP Battling Themselves Over Earmarks

Looks like reforms that would bring increased transparency to earmarking in the U.S. Senate will have to wait a little longer. The Senate Republican caucus postponed a vote yesterday on a package of recommendations developed by five GOP senators earlier this year that would increase disclosure of earmark requests and accessibility of earmark language in legislation. The Hill reports:

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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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