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

CBPP: Lame-Duck Trap

The Center on Budget and Policy Priorities has a paper out on the lame-duck budget cuts that are nearly a foregone conclusion. In September, Congress shifted $5.3 billion that Senate appropriators planned to devote to domestic programs to the defense and homeland security appropriations bills. As a result, $5.3 billion will have to be cut from other appropriations bills the Senate Appropriations Committee has approved — bills that largely fund domestic programs — when Congress reconvenes after the election.

read in full

FY 2006 Interest Expense up 23%

Following up on a recent blog post by my colleague Matt on interest expense, I wanted to point out yesterday's report by the Treasury that the government's net interest payments on the national debt reached $226.6 billion in FY 2006, an increase of 23 percent over FY 2005. (See the Monthly Treasury Statement, Table 9.)

read in full

The FY 2007 DoD Approps Bill, Deconstructed

In a brilliant analysis of the FY 2007 DoD appropriations bill, Winslow T. Wheeler, Director at the Straus Military Reform Project of the Center for Defense Information based in Washington, D.C., exposes the bill's budget gimmicks, misleading program labeling, and meaningless dollar figures. The lead-in for Wheeler's article:

read in full

Lower Deficit=Eroding Middle Class?

The President is mighty proud of the new deficit numbers. In fact, he called a press conference to say that the tax cuts he pushed have generated the surge in revenue that's partly responsible for the lower deficit this year. Hmmmmm. Well, corporate profits have gone way up, it's true. And he did cut taxes on corporate profits. There's a correlation there, for sure.

read in full

Attention Deficit

They must think we're not paying attention. Have a look at this statement, from an editorial in the Washington Post:

read in full

Bringing Home the Bush Tax Cuts

For anyone interested in how the Bush tax cuts have impacted individual states, take a look at this report from Citizens for Tax Justice.

read in full

Hundreds of Economists Call for an Increase in the Minimum Wage

EPI has released a statement signed by over 650 economists calling for an increase in the federal minimum wage. As economists who are concerned about the problems facing low-wage workers, we believe the Fair Minimum Wage Act of 2005’s proposed phased-in increase in the federal minimum wage to $7.25 falls well within the range of options where the benefits to the labor market, workers, and the overall economy would be positive.

read in full

$250 Billion FY2006 Deficit: Cause and Effect

To follow up on Matt's discussion below of the final deficit figures for FY2006, I thought I'd point to some of the wildly disparate explanations offered for it. Says Speaker Hastert, whose credibility right now is not exactly at an all-time high: "Republicans have cut the deficit in half three years ahead of schedule because they know that tax relief fuels America's economy." President Bush added a corollary last night: "Do we keep taxes low so we can keep this economy growing, or do we let the Democrats in Washington raise taxes and hurt the economic vitality of this country?"

read in full

Bush Celebrates $250 Billion Deficit

President Bush on the Treasury's announcement that the FY 2006 budget deficit is $248 billion: First, I want to briefly mention that today we've released the actual budget numbers for the fiscal year that ended on September the 30th. These numbers show that we have now achieved our goal of cutting the federal budget deficit in half, and we've done it three years ahead of schedule.

read in full

OMB Watch Launches FedSpending.org

For the first time, itemized information on the more than $12 trillion disbursed by the federal government between FY 2000 and FY 2005 is now available to the public on a user-friendly, searchable Web site. FedSpending.org, a project of OMB Watch launched Oct. 10, provides citizens with a detailed look at how the government sets national priorities and allocates federal resources.

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