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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BudgetBlogger Sighting: TPM Cafe

My esteemed colleague and fellow BudgetBlogger Dana Chasin will be blogging on the estate tax over at TPM Cafe for the next few weeks. Check out his most recent post here!

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Uh, Hold that Thought

The controversy over secret Senate legislative holds following the confession by Sen. Ted Stevens (R-AK) last week rages on. The trailblazing reformer Trent Lott has just found religion. "Secret holds are outrageous…. It's one of the fundamental problems we have in the Senate today. It's abused and misused… It's corrosive." And now today even Stevens has seen the light and lifted his hold on the database bill "now that [Coburn] has ceased blocking several Commerce Committee with his secret holds." But wait, there's more —- Bill Frist can't resist joining the fun:

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More Budget Gimmickry

We reported earlier last week that Congress had passed legislation that pushed some Medicare spending for this year into next year. Now the White House might get into the game, too. Budget guru Stan Collender has been hearing rumors that the White House might delay some spending from this fiscal year until the next.

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GAO: Inadequate Transparency in Katrina Spending

The Government Accountability Office has released several reports on U.S. disaster preparedness. You can find the reports here. One of GAO's main findings supports claims by the Brookings Institute that there's been inadequate transparency for Katrina-related spending. Across the board, government agencies are not tracking and reporting how they've been using funds for the recovery. If they have been doing it, they've mostly botched it. From CongressDailyAM (sub.):

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Senate Committees Stand Up To Corporations...Maybe

Wall Street fatcats, beware! The Senate Finance and Banking Committees are watching you, and they're sick and tired of your greedy, cheatin' ways. Seriously. They each called hearings today on executive compensation.

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Much Ado-Nothing on Earmark Legislation in House?

Remember earlier this year when the Abramoff scandal spawned urgent bipartisan calls for lobby and earmark reform legislation? Might wanna get ready to throw that, along with reinstatement of PAYGO rules and a minimum wage increase, in the tax-and-budget Do-Nothing congressional trash can.

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Midterms Nearing, GOP Eyes Middle-Class Tax Cuts

In a must-read survey of the coming month’s Congressional agenda, the Wall Street Journal reports today that “House leaders are considering a pre-election bid to make permanent the $1,000 child tax credit and marriage penalty relief provisions enacted in 2001.’ Really? Tax cuts aimed at the middle class, from the Congress that has flogged estate tax repeal to the point of, well, death, that cannot pass extensions of the welfare-to-work credit and the college tuition deduction? This is deftly explained as follows:

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Congress's In-"appropriate" Priorities

The Senate is now taking up the must-pass-eventually defense appropriations bill. From BNA (subscription): Senate Majority Leader Bill Frist (R-Tenn.) said the Senate will convene Sept. 5 and immediately take up the DOD spending bill that lawmakers failed to finish prior to the August recess.

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Congress' Final Month: The Trifecta Agenda

The 109th Congress reconvenes today for a last month of session (barring a lame-duck session) before a pre-election recess scheduled to start September 29. Among the many tax and budget issues that may see action this month, all three left over from the defeated “trifecta” bill -- which combined estate tax reduction, a minimum wage increase, and a tax extenders package -- are reportedly on the agenda. OMB Watch resumes its focus on these:

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    Government Issues $388 Billion in Contracts in FY 2005; Up 18%

    Hedieh Rahmanou writing at Center for American Progress's Budget Blog, points us to this GovExec article reporting on the 18 percent increase in federal agency contract spending. Federal agencies issued $388 billion in contracts in fiscal 2005, up more than 18 percent from the year before. Defense contracts topped $278 billion, a healthy increase from $229 billion in 2004. [...]

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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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    more resources