Revenue & Spending

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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more news

Debt ceiling to be hit soon

Aug 4, 2004 by Guest Blogger

It looks like the debt ceiling will be hit soon - late september/early october unless congress and the president act to raise the ceiling.

It does sound like there are some accounting gimmicks that could be used to extend until mid november.

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JEC Press Release Misinterprets Evidence on Charitable Bequ

Jul 30, 2004 by Guest Blogger

OMB Watch - JEC Press Release Misinterprets Evidence on Charitable Bequests

WASHINGTON, D.C., July 29, 2004 - The majority leadership of the Joint Economic Committee, in a recent press release dated July 28, 2004, pointed to an increase in charitable bequest giving as evidence that changes to the estate tax law have not impacted giving.

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JEC Press Release Misinterprets Evidence on Charitable Bequests

WASHINGTON, D.C., July 29, 2004 - The majority leadership of the Joint Economic Committee, in a recent press release dated July 28, 2004, pointed to an increase in charitable bequest giving as evidence that changes to the estate tax law have not impacted giving. Download Full Release (.pdf)

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Mid-Session Review Confirms Continuation of Record Deficits

Washington, D.C., July 30, 2004 - The White House's Office of Management and Budget today belatedly released its annual budgetary "Mid-Session Review," which attempts to put a positive spin on massive and worsening deficits and the lowest level of revenue in a half century. Download full press release (.pdf)

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Debt Limit

Jul 28, 2004 by Guest Blogger

It looks like the statutory debt limit will be reached in October...

Latest News and Financial Information | Reuters.com

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Jobs and Tax Cuts

Jul 27, 2004 by Guest Blogger

Worth a read:

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Watcher Newletter - July 26, 2004

Jul 27, 2004 by Guest Blogger

OMB Watch - The Watcher - July 26, 2004 Vol.5, No.15 -

Federal Budget
CBO Reports Charities Would Lose 6-12% on Estate Tax Repeal
Economy and Jobs Watch: Wages Fail to Keep Pace with Inflation
Tax Cuts: See You in September ...

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California Nonprofits Caught in Revenue Squeeze

The California Association of Nonprofits (CAN) recently completed a study of the impact on nonprofits of funding cutbacks in California. In the report "Holes in the Safety-net: Study of Funding Cutbacks and Safety-net Nonprofits in California," CAN found that a wide range of nonprofits in the state are squeezed between revenue reductions and increased demand for services.

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Economy and Jobs Watch: Wages Fail to Keep Pace with Inflation

While many observers believe that the economy is in the process of recovering from weak growth and a dismal labor market, there is still considerable evidence that the recovery is not serving everyone.

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CBO Releases Two New Studies Examining Impact of Estate Tax on Charitible Giving

The Congressional Budget Office has released two new reports on the impact of the estate tax on charitable giving. The reports confirm that there is a significant negative impact on charitable giving that would result from the elimination of the estate tax.

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