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...

read in full
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...

read in full
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...

read in full
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...

read in full
more news

CBO Forecasts Big Deficit, Just Less Of It

The Congressional Budget Office (CBO) has just lowered its estimate of the Fiscal Year 2006 budget deficit by about $111 billion. So for now, FY 2006, which ends on September 31st, will probably result in a budget deficit of $260 billion. The CBO estimate puts the deficit about $30 billion lower than the Office of Management and Budget (OMB), which revised its estimate in July. See here, here and here for more information on OMB's gimmicky deficit numbers.

read in full

Watcher: August 8, 2006

Senate Defeats Estate Tax Giveaway...Yet Again

read in full

Katrina Woes

The 1-year anniversary of the Katrina disaster is coming up, and the New Republic is featuring the plodding recovery effort in its most recent issue. From the editor's take on it (free registration required):

read in full

Contracts and Grants Disclosure Bill Fast-Tracked

The Senate Committee on Homeland Security and Governmental Affairs unanimously passed the Federal Funding Accountability and Transparency Act (S. 2590) on Aug. 8. The bill would create a searchable website that provides information about all federal spending, including government contracts and grants. Following the quick committee action, Sens. Susan Collins (R-ME) and Joseph Lieberman (D-CT), the committee's chair and ranking member respectively, jointly requested that the bill be fast-tracked and brought to the Senate floor for a unanimous consent vote.

read in full

Economists Rethink Minimum Wage

Ezra Klein, writing on Tapped, points us to this Bloomberg article about an emerging consensus among economists regarding the minimum wage: Aug. 7 (Bloomberg) -- Prominent economists of all ideological persuasions long believed that raising the U.S. minimum wage would retard job growth, creating unintended hardship for those at the bottom of the ladder. Today, that consensus is eroding, and a vigorous debate has developed as some argue that boosting the wage would pull millions out of poverty.

read in full

Senate Defeats Estate Tax Giveaway...Yet Again

The Senate voted last week to reject a tax and wage package dubbed the "trifecta" that would have slashed the estate tax permanently, increased the minimum wage modestly, and extended a broad set of tax breaks. The bill, passed by the House last month, also contained a number of "sweeteners" to entice targeted senators to vote for the bill. "What I will do over the next month [is] assess where America is," Frist said. "And what I would very much like to do or to have happen is ... pressure from the American people. If I felt that, I would use that procedural option in bringing these back."

read in full

Trouble Ahead on Pensions

A consequence of our lazy, no-good, "do-nothing" Congress is that state governments have had to tackle problems that were once the province of the federal government. Massachusetts created a universal health care insurance plan. California just signed a pact with the British to reduce global warming. Lots of states have raised the minimum wage. And so on.

read in full

TANF and Budget Reconciliation in Today's Post

Welfare recipients who are working toward college degrees may lose their benefits, according to today’s Washington Post. Key quote: Having grown up on welfare, Rochelle Riordan had vowed never to ask for a government handout. That was before her hard-drinking husband kicked her and their young daughter out of their house near Lewiston, Maine, leaving her with a $300 bank account, a bad job market and a 15-year-old car held together in spots with duct tape.

read in full

Reading the Tea Leaves

The defeat of the "trifecta" last night bodes well for those opposed to gutting the estate tax. This threat to the long-term fiscal health of the nation, has been staved off - for now. Senate Majority Leader Bill Frist (R-TN) voted "Nay" on cloture to reserve to the right to reconsider this bill in September. While passage of an estate tax cut remains highly in doubt, there is a non-zero chance that this zombie legislation will be resurrected by Frist.

read in full

Estate Tax Dies (Again)

A coalition of fiscally responsible Senators stood up last night against the budget-shredding Estate Tax Caucus. By a vote of 56-42, a motion to proceed to consideration of the "trifecta" bill failed. And thanks to everyone who contacted their Senators and urged them to vote against this horrendous bill!

read in full

Pages

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...

read in full

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...

read in full
more resources