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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HSGAC Hearing on Nussle for OMB Director

The "big-picture" quotation of the day, from this morning's Senate Homeland Security and Governmental Afffairs Committee hearing on Jim Nussle to be director of OMB:

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Questions, Concerns Surround Start of Nussle Confirmation Hearings

On June 19, Office of Management and Budget (OMB) Director Rob Portman announced his resignation, effective in August. The same day, President Bush nominated former House Budget Committee chairman Jim Nussle (R-IA) to be the next OMB director. Today, July 24, the Senate Homeland Security and Governmental Affairs Committee (HSGAC) held the first confirmation hearing for Nussle; on July 26, the Senate Budget Committee, which also has jurisdiction over the nomination, will hold its own hearings.

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Another Attempt at Ending IRS Privatization Program Moves Forward

Both the House and Senate have taken important steps toward ending the wasteful and risky Internal Revenue Service (IRS) private tax collection program. The House Ways and Means Committee approved a bill (H.R. 3056) that would repeal the program, and the Senate Appropriations Committee cleared a bill (H.R. 2829) that would tightly limit the funding available at the IRS to administer the program.

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OMB Releases Flawed Mid-Session Budget Review

On July 11, the Office of Management and Budget (OMB) released its annual Mid-Session Review, which contains updated estimates of the budget deficit, receipts, outlays and budget authority for fiscal years 2007 through 2012. While the administration trumpeted the decrease in the projected deficit, several aspects of the review cast doubt on the accuracy of these claims. In addition, the projections for years 2008-2012 were less noted and far more sobering.

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Reauthorization of Children's Health Insurance Program Gains Momentum

On July 19, the Senate Finance Committee approved a proposal to expand coverage of the State Children's Health Insurance Program (SCHIP) to four million additional children who would otherwise not have health insurance. The entire Senate is expected to vote on the proposal this week (July 24-27), while the House is expected to act soon to approve legislation providing insurance for even more children than the Senate's version. The president has threatened to veto the Senate Finance Committee-approved version, even though it cleared the committee with strong bipartisan support, 17-4.

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Sustaining Presidential Vetoes May Become More Difficult

As Congress continues making progress on appropriations legislation, and as details of its spending priorities are revealed in each of the twelve FY 2008 appropriations bills, signs of waning enthusiasm for sustaining presidential vetoes are appearing within a group of 147 House Republicans. While this group vowed to support any presidential veto of appropriations bills, eight of the appropriations bills passed thus far by the House have garnered significant bipartisan support, defraying the solidarity of that coalition.

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Pelosi, Reid Open Door to Spending Compromise

In a letter sent Friday, Speaker of the House Nancy Pelosi (D-CA) and Senate Majority Leader Harry Reid (D-NV) invited President Bush (R-$$) to a sit down to discuss the "relatively small differences" between spending legislation making its way through Congress and the president's request. Hoping to avoid a budget showdown, the Democratic leaders are seeking to meet Bush somewhere in between.

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Minimum Wage Raised Today

The minimum wage will go up to $5.85 today- the first of three raises scheduled under the law enacted by this Congress. In a earlier blog post, I wrote that the increase happened on July 1st, which was wrong. It was also wrong to blast the media for not covering that, well, the minimum wage wasn't increased. In my defense, I had gotten that information from this Wall Street Journal op-ed piece. I should have known better.

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NYT's Brooks: If Inequality is So Real, Why Are Liberals Talking About It?

People who downplay inequality are like the cranks who don't believe in global warming. They find evidence on the margin that is supposed to cast doubt on the macrophenomenon. They bob and weave, admit this exists, but say we can't do anything about it, etc. etc. David Brooks is inequality's equivalent of the American Petroleum Institute. His column ($) today provides a fine example of the type of sophistry he peddles. Let's examine: First, pile on the studies that downplay inequality, so you seem like you know what you're talking about and overwhelm your audience. The first complicating fact is that after a lag, average wages are rising sharply. Real average wages rose by 2 percent in 2006, the second fastest rise in 30 years.

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CBO Puts a (Steep) Price on 2001/2003 Tax Cuts

Last Friday, the Congressional Budget Office (CBO) released an estimate of the cost to the Treasury in 2007 of the temporary 2001 and 2003 tax cuts -- the Economic Growth and Taxpayer Relief Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). With the caveat that "the precise budgetary effects therefore typically can never be known with certainty," and taking account of previous revenue loss estimates, estimated debt-service costs, and estimated short- and medium-term effects on the economy, CBO's analysis found:

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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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    more resources