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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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Notes from the Economy: Unemployment

It's up from 6.1 percent in September to 6.5 percent in October. Also according to the Bureau of Labor Statistics, the economy lost 240,000 jobs in October, as the year-to-date number of jobs shed rose to 1.2 million.

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GAO IDs Top Transition Issues

The Government Accountability Office (GAO) has created a website "designed to help make the [presidential] transition an informed and smooth one across the federal government." In addition to suggesting myriad policies for various governmental issues like the long-term fiscal outlook,

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Tax Cheats Are Rich

A paper released last month by tax guru Joel Slemrod and Andrew Johns of the IRS analyzing "newly available data from the IRS's most recent comprehensive study of individual income tax noncompliance, the National Research Program, [assesses] the distributional consequences of income tax noncompliance in the U.S. federal income tax for the tax year 2001."

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Out of Crisis, Opportunity

Writing in The New Yorker, Steve Coll meditates on the significance of the reactions certain political élites who are now lining up in favor using the government to better the economy. The country is fortunate in one respect: the sudden buckling of financial safeguards has put just about everyone in touch with his inner New Dealer. Even Alan Greenspan recently confessed to Congress a crisis of faith in self-regulation. Meanwhile, former free-market true believers in the Bush Administration have tossed out money from the public vault like looters... [...]

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Joint Economic Committee Holds Hearing on the Need for Economic Stimulus

On Oct. 30, a group of economic experts testified before the Joint Economic Committee (JEC) on the necessity and scope of a second economic stimulus package. While committee members and witnesses agreed on the severity of the ongoing economic situation, there was a clear ideological divide on which course of action Congress should pursue. At the center of the divide were the competing concerns for families facing certain hardships inflicted by a contracting economy and for the consequences of an increase in the federal budget deficit, which would be required to aid those families and help reverse the current economic trend.

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Economic Stimulus Update

  • CongressDaily reported ($) yesterday that "House Democratic leaders appear to be moving toward bringing a $100 billion economic stimulus package to the floor during a lame-duck session the week of Nov.

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Inconsistency at the IRS

The USA Today reports today that the IRS sent out $1.6 billion in incorrect tax refunds during the 2006 and 2007 tax filing season. The information was released in a recent report from the Treasury Inspector General for Tax Administration (TIGTA). The TIGTA investigation found that the IRS has low-balled their initial estimate of the fraudulent tax refunds in 2006 and 2007 and that the agency has insufficient resources to adequately detect and stop these refunds from being dispersed.

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Not Everyone Is Hurting

At least one company remains untouched by the nation's financial collapse. Exxon Mobil Corp. smashed its own record for quarterly profits today, ringing up $14.8 billion in net income in the third quarter powered by soaring summertime crude oil prices. Exxon Mobil's earnings, at $2.86 a share, are up 58 percent from the same period in 2007 and higher than what analysts expected, capping a week of strong profit numbers from the world's biggest oil companies, all of whom benefited from the spike in oil prices in July.

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Notes from the Economy: It's Not a Recession...Yet

The Bureau of Economic Analysis (BEA) has released GDP figures for the third quarter. This "advance" number indicates that the economy contracted in the past three months at annual rate of 0.3 percent.

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The Alternate Universe of John Boehner

In a world in which House Minority Leader John Boehner (R-OH) and his follower Republicans (correctly) recognize the need for an economic stimulus package yet control the content of the legislation that gets enacted into law, he would reduce capital gains taxes to zero

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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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