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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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House Passes Small Business Contracting Bill

Yesterday, the House of Representatives overwhelmingly passed by a vote of 409 - 13 a bill designed to increase the percentage of federal contracts awarded to small businesses and limit the bundling of small projects and work orders into gigantic contracts. The White House declared their opposition to H.R. 1873 earlier this week, but stopped short of saying President Bush would veto it should it reach his desk. That's a pretty good thing since the vote in the House is more than enough to override a veto by the president.

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The Biggest Driver of the Long-Term Fiscal Challenge

Doing a bit of research into mandatory spending, I came across this GAO document, which contains this bit: Among mandatory spending programs...the health area is especially important because the long-term fiscal challenge is largely a health care challenge. Contrary to public perceptions, health care is the biggest driver of the long-term fiscal challenge. This cannot be said enough: health care is the biggest driver of the long-term fiscal challenge.

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Senate Votes on Budget Res. Motions-to-Instruct

Caveat: This is very inside-baseball stuff, since motions-to-instruct are non-binding and purely advisory, and the practical consequences of budget resolutions themselves are mostly in terms of the overall discretionary spending caps they impose for the fiscal year ahead. Late yesterday, the Senate held the three roll-call votes listed below on motions to instruct budget resolution conferees. The Senate also approved, by voice vote, a motion by Sen. Debbie Stabenow (D-MI), establishing a reserve fund for renewable fuels and other energy legislation.

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    House to Bar Tax Delinquent Companies from Contracts

    In one of the more common-sense moves of the 110th Congress, the House Oversight and Government Reform Committee, Subcommittee on Government Management, Organization, and Procurement unanimously approved a bill yesterday to prevent companies who owe federal taxes from being considered for government contracts. The bill (H.R. 1870) would target companies that owe at least $2,500 and have not paid the IRS or started a payment plan within 180 days of getting an assessment. During the mark-up, the bill's sponsor and subcommittee chairman Rep. Edolphus Towns (D-NY) offered an amendment that would help assuage concerns expressed by the Bush administration during hearings on the bill. The amendment would change the bill to incorporate the tax deliquency provisions into the regular contracting process. This change would still bar companies who owed taxes from receiving new contracts from the government, but would grant those companies due-process rights and opportunities to contest the government decision to bar them. Seems fair enough. The bill moves now to the full House Oversight and Government Reform committee, where it may encounter opposition ($) from ranking member Rep. Tom Davis (R-VA), who apparently thinks it's alright for companies not to pay taxes.

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    Leaping Before Looking

    It would be absurd to spend $10,000 to generate $1,000* in revenue. To avoid this sort of folly, organizations typically ascertain how much a new project will cost and how much revenue it will generate before they decide to implement it. Not so much for acting IRS Commissioner Kevin Brown (no link, sorry): [In testimony before the Financial Services and General Government Subcommitte] Brown said money collected by [private collection] agencies contributed funds to the treasury IRS does not have the resources to collect.

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    Budget Resolution: Senate Instruction Votes Ahead

    The Senate reached a consent agreement today on motions to instruct conferees to the budget resolution. House-Senate negotiators on the FY 2008 budget resolution have begun debating and voting on motions, and the Senate has completed the procedural steps needed to appoint its conferees on the measure.

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    More Bad News for Bush's Reading First Program

    The hits just keep on coming for Reading First, one of President Bush's signature education programs. We reported last month that the program had selected the same contractor that was implementing the program to evaluate its effectiveness. This was on the heels of reports last fall that the Reading First program was using favoritism to steer program funds to certain reading programs over others.

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    Which Way Did the Veto Go? Both Ways!

    Just so there's no confusion, here are details and status for H.R. 2206 and 2207, the two post-veto Supplemental bills emerging from the House, both facing likely votes this week and potential presidential vetoes thereafter:
    • H.R. 2206, "The U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007." Introduced by Rep. David Obey (D-WI), expected to be voted on as early as tomorrow; the president promised today to veto this bill.

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      Senate Chairs Rain on Rangel/Neal AMT Reform Parade

      Details are emerging regarding the AMT reform package gestating in Rep. Richard Neal's (D-MA) House Select Revenue Measures Subcommittee and to be announced in June by Ways and Means chair Charles Rangle (D-NY). The draft package is said to include tax benefits aimed at low-income people: increasing the standard income-tax deduction, expanding the reach of the refundable child tax credit and making the earned income tax credit available to more people without children.

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      House to Vote on Short-Term Iraq Financing

      Within a few short hours today, our blog this morning, Mixed Signals on Short-Term War Funding Idea was overtaken by events. House Speaker Nancy Pelosi (D-CA) and Majority Leader Steny Hoyer (D-MD) until very recently publicly opposed a short-term approach to Iraq war funding. The Murtha/Obey plan calls for providing $43 billion, or half of the president's funding request, without the soldier withdrawal timetables or domestic funding in Supp. 1.0 -- but only through July.

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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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