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...

read in full
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...

read in full
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...

read in full
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...

read in full
more news

White House Called Out on Manipulating Budget Forecasts

Stan Collender, contributing editor of the National Journal, makes two excellent points calling out the White House for their faulty and ideological budget projections in his January 17 column Wolf! (subscription only).

read in full

Friends in High Places

With lobbying and ethics reform proposals starting to abound in Washington, additional details are continuing to emerge about the real difference it makes to have powerful lobbyists with access to unscrupulous lawmakers, particularly at the last minute.

read in full

2006 Estate Tax Affects Far Less Than 1 Percent of Estates

United for a Fair Economy released information yesterday indicating that less than one-third of one percent of all U.S. estates-- or 0.27%-- will be affected by the federal estate tax in 2006. The estate tax exemption rose January 1 from $1.5 million to $2 million ($4 million per couple).

read in full

LIHEAP: Need Is Up, Funding Is Down

Due to the GOP push for a 1 percent across-the-board cut on FY 2006 discretionary spending, funding for LIHEAP - the Low-Income Home Energy Assistance Program - is down to $2.16 billion, a significant decrease from last year's $2.18 billion funding level. This figure falls far short of the $5.1 billion authorized by the comprehensive energy law enacted last year, and also far short of the need that exists, particularly in northeastern states.

read in full

Bush's Priorities: Entitlements vs. Tax Cuts

As this excellent column from Bloomberg.com highlights, there is a gap between the administration's rhetoric and reality when it comes to tackling the long-term budget implications of the rising costs of entitlement spending. Bush spent a lot of time last year making a big deal about the unfunded Social Security liability, and the liability for Medicare is expected to be even greater, with the administration estimating an $11 trillion shortfall.

read in full

Federal Government Turn a Surplus

The federal government posted a budget surplus for December, 2005 for the first time since 2002, according to the Treasury Department. A surge in corporate tax revenues pushed total federal revenues for the month to $241.88 billion, while government spending rose at half the rate of revenues to $230.9 billion.

read in full

Bush Rejects Tax on Employer-Provided Health Benefits

Al Hubbard, the director of President Bush's National Economic Council, said in an interview that the president does not support a key measure in the tax reforms submitted by the Advisory Panel on Tax Reform. Specifically, the president has rejected a reform that would tax workers on health insurance benefits valued at $11,500 or more for a family; instead advocating for expanding untaxed health savings accounts and increased deductibility of medical expenses. Expanding untaxed health savings accounts would add to the deficit to the tune of $6 billion annually.

read in full

National Farm Bureau Supports $10 million ET Exemption

At their recent annual convention, delegates of the National Farm Bureau Federation voted in approval to change the organization's position on the estate tax. The organization now supports raising the estate tax exemption to $10 million (indexed to inflation), from the current $2 million. The Bureau voted on this issue because members of Congress had been pressuring the organization to state what level of exemption its members would accept. At this point, it is not clear what specific tax rate they support.

read in full

Watcher: January 11, 2005

Congress Has Yet to Pass Budget, Tax Cuts Two New Tax Cuts Benefit the Wealthy

read in full

FY 2007 Budget Request Will Show Tight Spending Constraints

The release of the President's budget is less than a month away, and Treasury Secretary John Snow has made it clear the budget will "call for sacrifices, no doubt about it." Like last year's "tough budget," this year's slicing and dicing is an attempt by the administration both to appear tough on spending, as well as help them pare the down the deficit -- a whopping $318 billion last year -- even further.

read in full

Pages

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...

read in full

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...

read in full
more resources