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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Giving Credit Where Credit is Due: IRS

We've been posting recently about some of the bizarre and downright ridiculous things going on over at the Internal Revenue Service lately concerning enforcement of the country's tax laws (see this recent analysis for more background). While these policy changes certainly deserve criticism, you have to tip your hat when things go right. Within two days last week, the IRS announced the two largest tax settlements in the agencies' history (one individual and one corporate) related to tax evasion.

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Clearer Marks On Earmarks

To follow up on H. Res. 1000, the new House earmarks rule, two points of clarification (courtesy of congressional sources):
  • When will it apply, in the first instance? In the case of appropriations bills already passed by the House, H. Res. 1000 will apply only to items “air-dropped” in conference. Appropriations bills not yet passed will need to list all earmarks/sponsors in committee reports and conference reports.

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Trifecta: On its Death (Tax) Bed?

The death of the death of the death tax could be imminent. House Majority Leader John Boehner (R-OH) said yesterday it was "doubtful," that the House would consider a new or conference version of H.R. 5970, the "trifecta" bill, prior to pre-midterm adjournment. The trifecta, weighted down by a $750 billion estate tax cut, passed the House in July, but failed in the Senate by three votes on a procedural motion in early August. Per the Washington Post, "headed nowhere [is] the permanent estate tax repeal that Republicans have tried all year to push across the finish line."

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State Support for Underfunded Head Start

Oregon politicians are looking for ways to replace a shortfall in federal Head Start funding. This East Portland Head Start program looks like the last place you'd expect a visit from politicians. Three- and four-year-olds are drawing pictures and practicing songs. A few months ago, they might have seemed all but forgotten. The president of the National Head Start Association, Sarah Greene, called a press conference in June to press Congress for money.

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Continuing Resolution Coming Soon

We're getting reports that the White House has drawn up a "continuing resolution" that keeps the government funded if Congress, which it won't, has not passed all appropriations bills by October 1st. The CR would set funding at the lower of either the Senate or House-passed versions of each annual appropriations bills. This CR format will wreak havoc in programs that are funded by an appropriations bill that has passed at least one chamber. Congress used the same format last year to drastically cut many programs .

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Accounting Secrets: The Deficit Unmasked

Rep. Jim Cooper (D-TN)’s article in Roll Call today points out that “The Financial Report of the United States,” a document so embarrassing to the While House that it published only 2,100 copies this year, reveals a true accounting of the deficit -— one that encompasses veterans’ benefits, civil service retirement, Social Security, and Medicare. Cooper notes that a partial unmasking of the true extent of the nation’s financial condition was mandated this summer, when:

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Wash Post: Reform to Nowhere?

The transparent inadequacies of the new House rule on earmarks disclosure are enumerated in a powerful Washington Post editorial today. Noting the insufficency of disclosure, the modesty of the rule's scope and the Senate's to failure to act at all, the editorial concludes:

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Estate Tax: Where Are The Charities?

A repeal of the estate tax may decrease charitable giving, yet charities have been largely silent on the issue. From Bloomberg News: That's the dilemma facing charities, universities, museums and other organizations that rely on donations as Senate Republicans consider another vote on permanently reducing the tax as early as this week. Most of the organizations are following [James] Tisch's advice, keeping mum on the issue in deference to their most generous patrons: the very wealthy who often serve on their boards.

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Calling for Deficit Honesty

Columnist Allan Sloan has come out in favor of deficit figures that show the long-term consequences of our spend now-pay later fiscal policy. Today, on Marketplace: SCOTT JAGOW: We're less than two weeks from the end of the government's fiscal year and it looks like the federal budget deficit will come in about 20 percent smaller than last year, around $260 billion. Or it could be twice that amount if you do the math the way Newsweek's Allan Sloan does it. ALLAN SLOAN: $558 billion dollars, give or take a few buck for rounding errors.

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GAO Report Highlights Magnitude of Fiscal Challenge

Earlier, Matt posted about a GAO report released today about the unsustainability of the federal budget. The report illustrates in six pages the enormity of the challenges the federal budget faces. And it makes clear that even if Congress allows the 2001 and 2003 tax cuts to expire, as is currently the law, the federal government will have to make serious changes to its current fiscal policy.

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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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