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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Senate Estate Tax Votes: Less Zeal for Repeal

United for a Fair Economy has just come out with a background piece analyzing the four estate tax votes held in the Senate on March 23. The votes show reduced Senate support for repeal of the tax, compared with previous votes on the issue. The findings:
  • ten Senators took new positions on the estate tax, supporting estate tax reform rather than repeal or opposing repeal for the first time:
    • Baucus (D-MT), Kyl (R-AZ), Lincoln (D-AR), Lugar (R-IN), Nelson (D-NE), Pryor (D-AR), Stevens (R-AK), Voinovich (R-OH), Warner (R-VA)

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CBO's Monthly Budget Update

The CBO has released April's Monthly Budget Review. The short version: Revenues are higher this March than they were a year ago, thanks mostly to rising income and payroll taxes. The summary paragraph from the report: The federal government recorded a deficit of $257 billion for the first six months of fiscal year 2007, CBO estimates, $46 billion less than the shortfall incurred during the same period in 2006. Revenues have risen by 8 percent in the first half of the year, whereas outlays have grown by about 3 percent.

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WSJ Editorial Board's Pick-Me-Up

Bummed that Ford is going to stick it to UAW workers as its executives use forklifts to carry their compensation to the bank, I decided to turn to the editorial pages of the Wall Street Journal - always good for a laugh. And today's editorial, The World's Largest Tax Increase EverTM($), delivers. Congress has just lit a fuse for the biggest tax increase in history.

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GSA Chief Being Investigated

Via Think Progress, looks like the Office of Special Counsel has launched an investigation into GSA chief Lurita Doan's possible Hatch Act violations.

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Senate Eyes S. 396, Dorgan Anti-Tax Haven Measure

According a Deloitte Tax LLP report of March 26, Senate budget writers are looking at revenues generated by S. 396, an anti-tax haven bill introduced by Sen. Byron Dorgan (D-ND), to help pay for the budget resolution.

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The Magic of the Health Care Market

A just-released study found that a widely implemented, expensive technology to improve mammograms has been a resounding failure. The Chicago Tribune: The study is the latest development in the debate over the usefulness of screening mammograms, which are recommended for all women over 40. Regular mammography has been shown to reduce breast cancer deaths, especially in women older than 50. But the test is imperfect -- it misses up to 20 percent of cancers and often catches things that are not cancer, requiring worrisome and expensive follow-up.

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Double Standard in Evaluating Government at OMB

There was an interesting article in Government Executive magazine yesterday about measuring cost savings of federal jobs that are opened to public-private competitions. The specifics of the policies being developed by OMB and others within the federal government are quite complex, but one particular passage from the article references a statement from Office of Management and Budget Associate Administrator Mathew Blum that was moderately infuriating and still has me scratching my head:

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Exorbitant Executive Pay AfFORDable...

...health care for workers, not so much. Reporting on Ford Motor Co's latest SEC filing, the Wall Street Journal informs us ($): [Ford's] top seven executives received compensation valued at more than $62 million in 2006, even as the 104-year-old auto maker posted a record $12.6 billion net loss for the year. ... [CEO Alan ] Mulally received a $666,667 salary, an $18.5 million bonus, options awards valued at $8.68 million, and other compensation for items such as use of a corporate aircraft and relocation costs.

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SCHIP Outreach Being Curtailed

State Medicaid administrators have been telling state children's health insurance programs (SCHIP) to back off outreach efforts, Inside CMS ($) reports today. The crux of the issue is that when SCHIP programs do outreach, they tend to find and sign up children and adults not only for SCHIP, but for Medicaid, as well.

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OMB Database Caveats: Definition and Objective

Below are two key caveats regarding the OMB earmark database project we lauded yesterday.
  • Limited Scope of Earmarks -- to include only congressionally-sourced earmarks. See OMB's own definition: Earmarks are funds provided by the Congress for projects or programs where the congressional direction circumvents the merit-based or competitive allocation process, or specifies the location or recipient ... for activities/projects/programs not requested by the Administration. (Emph. added.)

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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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