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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Faith-Based Hogwash

Here's more evidence of the budgetary sleight-of-hand, misguided priorities, and broken promises that we've all come to expect from the Bush Administration. This time, it's from former Bush staffer David Kuo, whose new book has gotten signficant press attention. Introducing the book, he writes on BeliefNet of the grand promises Bush made as a presidential candidate in 2000.

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Appropriations Committee Slashes Oversight Contracts

CQ reports ($$) that the House Appropriations Committee Chairman -Rep. Jerry Lewis (R-CA)- did not renew the contracts of 60 investigators who examined federal spending. About 16 investigators remain on staff, but given the contractor reduction, no investigations will be going forward any time soon. Committee spokesman John Scofield said Thursday that the contracts were not renewed because the panel is conducting a “bipartisan review” of the unit’s staff. “Frankly, the work we’ve been getting as of late has not been that good,” Scofield said. “There is nothing sinister going on.”

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Looking Ahead to the 110th Congress: Pt. 2 (Taxes)

In a survey of likely tax policy priorities in the 110th Congress in the event of a Democratic takeover, the National Journal (subs. req'd.) examines recent piecemeal statements by as-ifs House Speaker Nancy Pelosi (D-CA), Senate Finance chair Max Baucus (D-MT), and (let’s see how this looks) House Ways and Means Committee chair Charles Rangel (D-NY). Lo and behold, there is no evidence at all supporting the GOP's gleeful and unremitting alarm on the campaign front about 'the Democrats’ grand plan' to raise your taxes. Of course, there seems to be no plan at all.

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Midterm Murmers: "Read Our Lips, No New Tax Cuts" ?

Our Matt Lewis referred target="_blank">below to a target="_blank">Washington Post article this week speculating about whether Administration tax policy can be credited with lowering the budget deficit. Midstream, that article also offhandedly mentions that “subtleties of that argument have been lost on the campaign trail.” So, what economic issues are voters thinking about? No idle question, 19 days before the midterm elections.

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Broder Moderately Displeased with Fiscal Policy

David Broder today gives this year's Congress and the Bush Administration bad marks for fiscal policy. His bottom line: the economy isn't growing enough. Still, a chart that is part of the National Journal story gives pause. It compares the economic performance of the first 5 1/2 years of this Bush administration with identical periods under Presidents Ronald Reagan and Bill Clinton. Personal income after inflation and taxes rose 22.7 percent under Reagan, 20.4 percent under Clinton and only 14.1 percent under Bush.

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EPA May Cut Enviro-Justice Program

Budget pressures may lead to the elimination of an Environmental Protection Agency (EPA) program for low-income people and minorities. From the Seattle Post-Intelligencer: A federal program to safeguard poor and racially diverse communities from pollution and other environmental harm is at risk of being dissolved, activists say. The Environmental Protection Agency's Northwest regional office has proposed reassigning members of its environmental-justice program to new divisions and eliminating its director's position, according to government officials.

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Reporting Deficit

The Washington Post ran a good article on the tax cuts and the deficit yesterday- lots of interesting quotes from credible folks with different opinions. Here's a great quote on the forces driving the lower deficit:

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Congressional Tax Report Card from CTJ

Citizen's for Tax Justice has recently released a report card reviewing Congress' voting record on tax policy over the last six years. From the CTJ release: [The CTJ] Congressional Tax Report Card looks at the five key tax votes in the House and Senate that have produced major changes to the federal tax system, dramatically affecting tax fairness, revenues and budget deficits, plus one additional vote on an important recent tax bill that Congress narrowly rejected.

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Looking Ahead to the 110th Congress: What If? -- Pt. 1

Based on statements from policymakers, we are getting first glimpses of what Congressional fiscal policy might look like, if the Democrats capture one or both chambers in next month’s midterm elections. Potential House Speaker Nancy Pelosi (D-CA) has made clear that her top fiscal priorities will be:
  • passage of the minimum wage hike
  • re-adoption of the pay-as-you-go budget rules of the 1990s
  • a long-term solution to protect the middle-class from AMT creep
  • an extension of middle-class, but not upper-class tax cuts expiring in 2010

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"Cheaper" Suburban Housing Isn't

The now-cooling housing market, which had been growing at rapid clip, priced a lot of housing outside the reach of many middle-class workers. Looking for affordable housing, a lot of families have opted to move further out into the suburbs looking for cheaper housing. This would seem like a solution to the problem of ever-increasing home prices. Maybe not (WSJ, $$): Moving to an area with lower housing costs often doesn't pay off for low-income Americans, according to a study to be released today by the Center for Housing Policy, a nonprofit research group based in Washington.

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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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