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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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StateSpending.Org

The latest Progressive States dispatch highlights a fascinating report on transparency in state government spending. The report, by Good Jobs First, evaluates each state's websites and their disclosure of subsidies, contracts, and lobbying. Each state gets a ranking- check out the report to see where yours ends up. The report shows that there's a big need for more disclosure on the state level. Hopefully sites like FedSpending.org, which will soon have a government-run counterpart, can serve as a model for states to follow.

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Bush Attempts To Secure His Legacy

The Bush administration is up to some of its old tricks this week. After the Washington Post reported at the end of October of a movement within the administration to implement as much policy as possible through administrative functions rather than convincing Congress to adopt its policies, we are beginning to see some specific instances of their plan. In September, the White House issued new principles for agencies in conducting risk analysis that could impact agencies ability to protect the public. Then on Tuesday this week, Bush signed a new executive order (EO #13450) that attempts to "improve government program performance." Sounds like a good thing, no? let's look a bit deeper.

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Kuttner vs. Krugman, 1996 Edition

This is kind of random, but check out this exchange between Paul Krugman and Robert Kuttner (with a little bit of Robert Reich's ideas mixed in there) from 1996. Krugman's ideas sound, shall we say, Hamiltonian. He's changed his outlook quite a bit since then. Why have the other Hamiltonians stayed the same? Update: Whoops, forgot the link- it's here.

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OMB Watch Statement on the Estate Tax

Submitted for the Record to the Senate Finance Committee OMB Watch submitted a Statement for the record to the Senate Finance Committee to accompany the Committee report on yesterday's hearing, "Federal Estate Tax: Uncertainty in Planning Under the Current Law." The Statement addressed the irregularities of the estate tax under current law facing taxpayers and tax planners as well as the important principles behind the estate tax. We hope the Committee and other policymakers will heed these: OMB Watch favors an estate tax regime without any of the anomalies, gimmicks, and trap doors

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A Free Fiscal Lunch from the Tax Fairy?

In an apparent deathbed conversion to fiscal responsibility, President Bush has finally met spending bills he doesn't like. After six cycles in which Bush never vetoed a single spending increase sent to him by a spend-and-spend-and-spend GOP-dominated Congress, he's making one thing clear this go-around. It's Democratic fiscal responsibility that he simply cannot abide -- the worst form of it emobodied in the party's pledge to pay for tax cuts, aka, the pay-as-you-go (PAYGO) rules that Congress adopted earlier this year.

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Bush on Fiscal Policy: Born Again, Again?

I've been thinking about President Bush's actions this week on fiscal policy, and I've got to admit, I'm pretty darn confused. Let's review:
  • Bush vetoed the $150.7 billion Labor-HHS-Education appropriations bill, which contained a 4.3 percent increase in funding, for containing too much spending, but signed the $471 billion Defense appropriations bill, which had a 9.5 percent increase in funding. Bush has also been pressuring Congress to approve an additional $197 billion in "emergency" war funding. Huh?
  • Bush has vowed to veto the AMT patch bill moving (slowly) through Congress because it is fiscally responsible and doesn't add to the deficit. Wait, what?
I suppose Bush believes we should never pass a tax increase and continue to burden our children and grandchildren with mountains of debt. But he is vetoing appropriations bills left and right over much smaller levels of funding (less than 10% as much in many cases) that are not deficit financed. It's difficult for me to understand exactly how the president decides to be the decider on these issues. He has shown he doesn't really care about fiscal responsibility (based on his position on the AMT bill, and, well, on his horrendous fiscal record as president. Actually, he's probably the worst fiscal manager we've ever had as president). He also doesn't seem to care about giving Americans the support and investments they need to succeed - unless those Americans are currently living in Iraq, Afghanistan, or on a military base. Even then his support is suspect as he has worked to cut back veteran's health benefits and often stiffed soldiers on pay increases. Most of the increases are more likely to end up with Halliburton or Lockheed Martin than soldiers). So what is guiding the president in these decisions, if anything at all? Kevin Drum over at the Washington Monthly may have the answer: It's funny how much more opposed Bush is to Democratic pork than he was to Republican pork, isn't it? But whatever. I don't think anyone seriously believes that Bush really cares about the earmarks in this bill. Basically, he seems to have decided that the only way to stay relevant is to veto stuff. Within the borders of the United States, it's pretty much the only influence he has left. Democrats don't care about him, Republicans wish he'd go away, and the American public is bored with his snooze-inducing speeches. What else can he do to attract attention? Drum just might be right, particularly considering that the Los Angeles Times reported yesterday that since 2001, Bush has signed 50 appropriations bill from Republican Congresses that exceeded his budget requests - failing to veto a single one of them. Bush has already been a born-again Christian once. He can't claim to have found religion on this issue too.

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Fear and Spending

One of the more disturbing aspects of the spending debate has been the President's reliance on scare tactics. Essentially, Congress has not given him a big enough target, so he must conjure one up. He calls the tobacco tax "habit-forming," while closing the carried interest loophole will raise everyone's taxes. He says that Congress wants to spend over $200 billion more than he would with this year's appropriations bills. SCHIP will ineluctably bring us down the path to "socialized" medicine.

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Baucus and the Estate Tax: Setting the Record Straight

Today, the Senate Finance Committee heard from Warren Buffett and other witnesses about the merits and demerits of the federal estate tax at a hearing entitled "Uncertainty in Planning Under the Current Law." Interestingly, BNA's write-up of the hearing summarized the position of the Committee Chair as follows:

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Earmarkwatch.org

Ever wanted to do some investigative reporting on earmarks, but you just didn't know how to get started? Well, earmarkwatch.org is the site for you! You can dig into thousands of identified earmarks, with the help of research resources and relevant questions, to see if they're good public policy, or just pork barrel politics.

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Labor/HHS Vote Thursday

The House Labor/HHS veto override vote will likely be held late Thursday night, far sooner than most expected. Perhaps the House leadership is confident of a veto override, fresh off overriding the President's veto of the water resources bill. One last push might be all it takes! Take action!

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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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