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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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Proposed Economic Stimulus Package Falls Short

WASHINGTON, Jan. 24, 2008—Provisions of a proposed fiscal stimulus package, which was agreed to by House leaders and the Bush administration, were announced this afternoon at a press conference with House Speaker Nancy Pelosi (D-CA), House Minority Leader John Boehner (R-OH), and Treasury Secretary Henry Paulson. OMB Watch believes that the proposed package is a good start but falls short of its stated goal of adequately stimulating the economy.

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Poor Contractor Performance Hampers Government

The past few weeks have seen a flurry of stories about the ineffectiveness of government contractors government mismanagement. While I'd like to go into detail on each one (they are definitely worth a closer look), the stories are starting to pile up. Instead, a summary round-up of some of the contracting screw-ups that appeared so far in 2008. ** The Washington Times reported today that an investigation that lead to the conviction of a former GSA procurement official (Dessie Ruth Nelson) and two top executives at a private security company (Holiday International Security, Inc.) is being widened to include other "unrelated contractors" who may have bribed Nelson or other procurement officials. Nelson pleaded guilty in early January to accepting over $100,000 in bribes in exchange for steering contracts to the private security firm founded by Michael Holiday. Nelson received, among other things, a shopping bag filled with $35,000 in cash, an envelope containing $10,000, and a $7,000 Caribbean cruise. ** The House Committee on Oversight and Government Reform released a report on Jan. 11 that found a web site created for the Transportation Security Administration to address grievances from travelers incorrectly flagged by the government's no-fly list was poorly constructed and vulnerable to hackers. The report, covered in the Washington Post, Government Executive Magazine, and other tech blogs, concluded that cronyism and a lack of oversight exposed thousands of site visitors to identity theft. In this case, the contract was awarded without competition and the TSA official in charge of the contract was a former employee and good friend of the CEO of the contractor. ** Federal Times reports today that the top official at the National Oceanic and Atmospheric Administration is alleging that "poor contractor performance is delaying a new satellite that will monitor global environmental conditions." The contract in question was given to Raytheon (FedSpending Profile) and Northrop Grumman (FedSpending Profile), which have been slow to solve problems with a key instrument for the National Polar Orbiting Environmental Satellite System (NPOESS). ** Finally, the Washington Post also has an article today about a recent Government Accountability Office report that found a defense contractor hired to repair combat equipment "routinely failed to do the job right and then charged the government millions of dollars for the extra work," according to the WP. The contractor, ITT Industries (FedSpending Profile) apparently received $4.2 million for additional labor, according to the GAO report.

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Earmarks '08: Congressional GOP v. Bush

What a Difference a [Y]ear Makes The coverage of yesterday Congressional GOP retreat in Roll Call make clear the about-face that party leaders are making on earmarks. Republican leaders ... made it clear during the retreat that they would not support any effort by President Bush to strip earmarks from this year's omnibus bill and saw no need to overhaul the practice... arguing any move [by Bush] to eliminate the earmarks would be an inappropriate infringement on Congress' authority to appropriate funding.

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Tax Terms of Fiscal Stimulus Package Agreed

Package Omits UI, Food Stamp Provisions Within the last hour, word has emerged that Congress and the White House have agreed on key terms of a fiscal stimulus package. A story appearing in the electronic version of the Washington Post reports that House Speaker Nancy Pelosi (D-CA) and Republican Leader John Boehner (R-OH) reached agreement in principle in a telephone call Thursday morning. The tax rebate terms:
  • the compromise package is not to include increases in food stamp and unemployment benefits

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Samuelson Watch: Credit Where Credit Is Due

This week, Bob Samuelson bemoans Wall Street and its ship-wrecking captains who command treasure chests of severance packages. At Merrill Lynch and Citigroup, large losses on subprime securities cost chief executives their jobs -- and they left with multimillion-dollar pay packages. Stanley O'Neal, the ex-head of Merrill, received an estimated $161 million.

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House Tries, Fails at SCHIP Expansion Veto Override

The Republican War on Children's Health continues($). The House failed Wednesday to override President Bush's second veto of a children's health insurance bill, again confounding Democrats' plans to expand government-sponsored health coverage to include an additional four million low-income kids.

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Bipartisan Consensus on Stimulus Package Gathers Momentum

Amid slumping capital markets and real estate values, a jump in unemployment, and a growing chorus of economists forecasting a recession in the U.S., a consensus has rapidly developed in Washington during the first few weeks of the year that a fiscal stimulus package is in order. The watchword in Washington has been "bipartisanship," and President Bush and the congressional Democratic leadership have already made concessions. Some questions remain regarding the optimal structure and size of the package, but indications point to its enactment in a matter of weeks.

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Workers Threatened by Decline in OSHA Budget, Enforcement Activity

The consolidated appropriations bill passed by Congress and signed by President Bush in December 2007 cuts the budget of the U.S. Occupational Safety and Health Administration (OSHA) for Fiscal Year 2008. OSHA, like many other federal agencies, already faces budget constraints that make it more difficult for the agency to achieve its mission. Over the past three decades, OSHA's budget, staffing levels, and inspection activity have dropped while the American workforce has grown and new hazards have emerged.

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Economic Stimulus Package Update

Bush, Congress nearing accord, as Administration cedes some ground to Democrats House Speaker Rep. Nancy Pelosi (D-CA), Senate Majority Leader Sen. Harry Reid (D-NV), and Congressional Republican leadership met with President Bush last night to discuss the broad outlines of an economic stimulus package. Bush came out of the meeting with a "very positive feeling" while Pelosi was "confident" that a bipartisan agreement could be reached. So, here's what the package is shaping up to be so far - these are the boundaries that will most likely contain the package.
  • $145 billion

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A Funny Thing Happened on the Way to the Printer(?)

Did the CBO goof or did it change the naming convention for its annual 10-year outlook report? Last year (Jan. 2007), the CBO released "The Budget and Economic Outlook: Fiscal Years 2008 to 2017." This year (today, in fact), the CBO released "The Budget and Economic Outlook: Fiscal Years 2008 to 2018." What's going on? Both reports cover the same forecasting window, so that hasn't changed. My first scan of this year's report hasn't caught a note explaining the difference in naming convention. Anyone out there care to venture a guess?

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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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