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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Sioux City Journal on the Estate Tax

A good letter to the editor on the estate tax: This is in response to the Letter writer in Sunday's Journal applauding the elimination of the estate tax. One of the chief arguments of those seeking repeal of the estate tax is that it is hurting farmers whose heirs are forced to sell holdings to pay the taxes. This assertion is more myth than fact.

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This Too Shall Pass

House Approves Minimum Wage Increase Largely overlooked in the month-long test of wills between the White House and Congress over the war supplemental is the fact that, at long last (about a decade), an increase in the federal minimum wage will almost certainly be signed into law in the next 24 hours. It was included as part of the $22.2 billion supplemental package of domestic and security-related items not requested by President Bush. It passed the House moments ago, 348-73

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House Supplemental Vote Expected Tonight amid Weary Reversals

Weary war opponents in Congress will get to go back home soon, get some rest, and then face what might be a bigger headache than George Bush: the majority of Americans that disapproves of President Bush's decision to veto the first supplemental, which called for complete withdrawal of U.S. soldiers from Iraq by March 31, 2008. The new $120 billion supplemental war spending bill -- stripped of all references to troop withdrawal -- is expected to pass the House this evening after lawmakers made last-minute changes dictated by the White House.

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Why the Rush to Clear the War Appropriations?

As regards the war funding bill, Democrats are fatigued. So here's a word of non-partisan strategic advice- take a breather. Relax. Just do nothing for while and see if events on the ground change the politics back home. Anyway, it now seems that Democrats just don't want this fight. From CQ: "The problem is that we have to provide money for the troops, and if we don't, the Democrats will be blamed," added Rep. James P. Moran, D-Va., a war opponent. "Bush has the bully pulpit, so he will define who is responsible."

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Daylight between Rangel, Neal on AMT Reform?

House Ways and Means Committee chair Charles B. Rangel (D-NY) has long and loudly said that he "wants to "rearrange" the Bush tax cuts, shifting tax relief from the wealthiest beneficiaries to the middle-class victims of the AMT. Rangel reminds us frequently that he's 76 (remember, green bananas?) and serious-minded about solving the AMT promblem promptly and simply -- sans Rube Goldberg extranea.

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More Bad News for Head of GSA

This has not been a good week so far for the leader of the General Services Administration. Additional information on problems at GSA have catapulted Administrator Lurita Doan back into the headlines - and the news isn't good.

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Statement, Hearing on IRS Privatization

OMB Watch contributed this statement to a hearing on the IRS private debt collection program. At the hearing, which was held by the full House Ways and Means Committee, Rep. Charlie Rangel asked acting commissioner of the IRS Kevin Brown to not issue any more contracts to private debt collectors. Commissioner Brown did give a clear response, but Rep. Rangel seemed intent on reaching a compromise with IRS that contained the size of the program, making it unnecessary to immediately pass legislation that would end it.

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Supplemental Update: The Troops on the Hill Weary

A pared-down version of the war funding supplemental is currently scheduled to hit the House floor on Thursday, May 24, with Senate action expected later that day or early the next. The bill appears likely to include the federal minimum wage increase and and extension of about $4.8 billion in small-business tax cuts. Whether domestic emergency appropiations will remain is yet to be determined.

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TPC Offers Politically Saleable, Zero-Sum AMT Repeal

The Tax Policy Center has just issued research results and recommendations regarding repeal of the AMT that merit serious attention. As the New York Times reports today in Group Offers a Simple Fix for Alternative Minimum Tax, TPC's proposal features a reversion back to pre-Bush earned and investment tax rates on couples earning over $200,000 and singles earning half that.

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New Report: War Funding and the Feed and Forage Act

OMB Watch has just put out a report on a little-known law -the Feed and Forage Act- that seems to give the President broad powers to fund war efforts- even without an enacted appropriations bill. So even if the negotiations over the war funding supplemental drag on, the President could meet the needs of the soldiers in Iraq and Afghanistan. Read the whole thing if you have the chance.

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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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