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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AMT: However You Slice It, Lots of Offsets

Referring to the $1 trillion dollar, 10-year cost of AMT repeal, as we did here, suggests a greater cost than necessary to protect middle-class taxpayers from AMT liability via reform, a distinction we have drawn before in discussing long-term approaches to the AMT.

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Robert Samuelson Is An Elitist

To follow up on Craig's post, I wanted to comment on Robert Samuelson's contempt for the American public. From his column: We could consider all of federal spending and not just small bits of it. But most Americans don't want to admit that they are current or prospective welfare recipients. They prefer to think that they automatically deserve whatever they've been promised simply because the promises were made. Americans do not want to pose the basic questions, and their political leaders mirror that reluctance. This makes the welfare state immovable and the budget situation intractable.

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Samuelson Misremembers Recent Deficit History

Robert Samuelson's column in the Washington Post this morning is a broadside against entitlement spending. You see, Samuelson believes that Congress will never balance the budget because so many Americans receive welfare (read: Social Security, Medicare, Medicade) that cutting such programs is politically impossible. And because raising taxes is also politically impossible, eliminating the federal budget deficit is impossible.

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AMT Reform Offsets Seen in Corporate Breaks

House Ways and Means Committee chair Charles Rangel (D-NY) is on a scavenger hunt. With his sights on major Alternative Minimum Tax (AMT) reform, he's on the lookout for offset provisions, the bigger the better. Reportedly, he's agreed to have House Select Revenue Subcommittee chairman Richard Neal (D-MA) vet solutions to the problem of how to keep the AMT from engulfing millions more taxpayers this year and beyond. None of the solutions will be cheap; all will require offsets.

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Baucus Says No to SS Privitization Nominee

Senate Finance Committee Chairman Max Baucus (D-MT) announced today he will not take up the nomination of Andrew Biggs to be Deputy Commissioner of the Social Security Administration. Biggs was nominated last year but was not confirmed and was re-nominated this year by President Bush. In making his announcement, Baucus said: Andrew Biggs

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Senate Set to Approve FY 2007 CR

By a 71-26 vote yesterday, the Senate moved closer to approving the FY 2007 CR passed by the House last week (covered here), with Minority Leader Mitch McConnell (R-TN) and 22 other GOP members joining all but one Democrat to close debate and move to a final vote, which could come later today.

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New Fact Sheet on President's Budget and Tax Policy

The President's supporters have been contradicting the findings of a 2006 Department of the Treasury study while defending the Bush tax cuts. Check out this new OMB Watch fact sheet for the story.

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Bush Administration Contradicts Itself on Tax Cuts

A 2006 Bush Treasury Department report debunks many of the recent claims that the President's supporters have made about tax cuts.

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President Proposes Unrealistic Cuts to Veteran's Health

The Bush budget plays games with funding for veteran's health care. The Washington Post reports: WASHINGTON -- The Bush administration's budget assumes cuts to funding for veterans' health care two years from now _ even as badly wounded troops returning from Iraq could overwhelm the system. Bush is using the cuts, critics say, to help fulfill his pledge to balance the budget by 2012. But even administration allies say the numbers are not real and are being used to make the overall budget picture look better.

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Elusive Major Savings Document Finally Released

President Bush often speaks about not spending federal dollars on programs that do not get results. In fact, in his State of the Union speeches in 2005 and 2006, he referred to a list of programs he was proposing to be reduced or eliminated because they did not produce results. And each year, on Friday after the budget was released, the Office of Management and Budget released a huge document detailing each of those programs the president wanted reduced or eliminated - just in time not to make it into papers or the public's consciousness.

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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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