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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CBO Releases Monthly Budget Review

The Congressional Budget Office (CBO) released their Monthly Budget Review on Friday last week, showing lots of red ink for the federal government in FY 2008.

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Notes from the Economy: Jobs and Unemployment

This morning's release of jobs and unemployment data continue the streak of unhappy economic data. In August, the unemployment rate jumped to 6.1 percent from July's 5.7 percent. The jobless rate has not been this high since Sept. 2003. Employers surveyed by the Bureau of Labor Statistics reported that they had cut 84,000 jobs since July. However, the 17,000 jobs added governments hides the 101,000 job losses in the private job market. Since January, private employers have reduced payrolls by over 750,000 jobs.

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Transparency Act Legacy Spreads to the States

Ellen Miller blogs today over at the Sunlight Foundation about the legacy of the Federal Funding Accountability and Transparency Act of 2006 (Transparency Act). The Transparency Act mandated that all federal spending be easily accessible and searchable in the Internet. After the law passed in 2006, the federal government launched USASpending.gov in 2007, which was built on the software platform that powers OMB Watch's FedSpending.org. Ellen reports the legacy of this federal law is being felt at the state level, all over the country:

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Talk of a Lame Duck Session

The scheduled adjournment date for Congress is currently Sept. 26, but CQ reported earlier this week that a lame duck session may be in the cards. House Minority Leader John Boehner (R-OH) was quoted as saying "there's going to be a lame-duck session.

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Bush Admin Helps Out Big Beef

Following up on yesterday's post about the Bush Adminsitration's meddling in the labor market, here's another revealing example of how committed the administration is to the Free Marke

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Bush Admin Takes Aim at Unionization

Sure, the "privatize everything" crowd talks a good mediocre game, but when it comes action, their devotion to free market ideology is less than devout. Given a choice between letting management come to a compromise with workers on the rules of unionizing and having the federal government impose organizing rules that ostensibly favor business, there's no contest. The Bush administration is weighing an executive order that would eliminate a union-preferred method of labor organizing at large government contractors, according to people familiar with the situation.

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CBPP: Taxes on the Rich Don't Hurt Small Businesses

The Center on Budget and Policy Priorities released an analysis this past Friday afternoon examining the impact of tax cuts for high-income households. In particular, the analysis attempts to understand the impact those tax cuts would (or would not) have on small businesses. CBPP used a broad definition of small business in their analysis when they looked at the impact of increasing the top two marginal tax rates, retaining the estate tax, and closing the carried interest loophole. The paper concludes:

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A Swing and a Miss on Tax Evasion

A quick item to share from the Boston Globe today about the lengths companies will go to avoid taxes. This one from Raytheon is really over the top: The Waltham defense contractor [Raytheon] unsuccessfully tried to persuade a Massachusetts state tax board that because most of the company's work is done for the federal government, it should be exempt from paying state sales taxes on much of what it buys here - items as diverse as toilet paper, a juke box, and promotional gifts such as golf umbrellas, pins, and key chains.

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Forthcoming: EPI's The State of Working America, 2008/2009

The Economic Policy Institute has released the advanced version of The State of Working America, 2008/2009; full version will be available Jan. 2009. Described as the "most comprehensive independent analysis of the U.S. labor market" by the Financial Times, the 11th edition shows that the business cycle that started in 2001 will be one for the record books....Prepared biennially since 1988, The State of Working America scrutinizes family incomes, jobs, wages, unemployment, wealth, poverty, and health care coverage, describing the economy's effect on our nation's standard of living.

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The Executive Pay Pie: Extra Large Slices and Topped with Tax Subsidies

Staying with our current theme of taxes and corporate America, let me direct your attention toExecutive Excess 2008: How Average Taxpayers Subsidize Runaway Pay -- a report from Institute for Policy Studies and United for a Fair Economy.

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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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