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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Another Doosy by David Brooks

David Brooks has a lyrical but vague and pretty misleading column about the entitlement crisis today, and in a feat of rhetorical flexibility connects it to SCHIP. Two problems: as Dean Baker says, the bottom line of the entitlement crisis is health care inefficiency. There is no legitimate centrist "share the sacrifice" position, and it has nothing to do with Social Security. Even CBO director and former Hamilton Project leader Peter Orszag agrees with Baker on the cause of the problem!

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College Loan Bill Enacted

The President has signed the College Cost Reduction and Access Act of 2007 (summary)! The act gradually raises the maximum Pell Grant, which helps low-income students pay for college, to $5,400 by 2012, from $4,050 in 2006. And it cuts interest rates in half for subsidized college loans over the next five years. The nearly $20 billion in new funding is all paid for without tax increases, because the bill cracks down on excessive subsidies to the student loan industry.

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Rally for Children's Health

The Center for American Progress Action Fund and Service Employees International Union will be marching and rallying in Washington, DC on Monday to protest the president's expected veto of expanded SCHIP funding.

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SCHIP Gets Cloture

The SCHIP expansion just got cloture (meaning it can't be filibustered and will get an up or down vote) on 69-30 vote (roll call). That's a veto proof majority! The vote on passage should be coming up shortly. Plus, get this (emph. mine): However, Democrats -- and their Republican allies on the issue -- made clear Bush's veto will not be the last word on the measure. They said they will keep coming back to the bill every six weeks to three months until either the White House relents or Republican opposition collapses.

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Privatization: Is It All About Accountability?

Prof. Ellen Danin has an interesting paper arguing that much of the debate about privatization is really about accountability, in one form or another. Here's the abstract:

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Iraq Funding an Emergency? Who Sez?

==> NEWS ITEM (per Congress Daily, $): Yesterday, "the Bush administration upped its emergency war funding request to $192.8 billion and counting." The administration's standards for emergency supplemental appropriations -- as re-stated annually in the president's federal budget proposal since he took office, "are defined as follows:"
  • necessary expenditure—an essential or vital expenditure, not one that is merely useful or beneficial
  • sudden—quickly coming into being, not building up over time
  • urgent—pressing and compelling, requiring immediate action

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The Debt and The War

The Center for American Progress has done a nice job illustrating data that the National Priorities Project just released on who's bearing the cost of the war. You can check out your state and see how much of the nearly $193 billion supplemental you'll be paying. But the thing is, for the most part, nobody's paying anything to finance this war just yet. We're just racking up more debt, and that'll have to be paid off from now until eternity.

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Senate SCHIP Vote Imminent

The Senate will vote on the SCHIP bill probably in a matter of hours- don't forget to call/email your Senator.

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Is PAYGO Sinking the SCHIP?

Donny Shaw at the invaluable OpenCongress.org had an interesting interpretation of the SCHIP vote in the House: When the Democrats took over Congress in January, they passed new, hardcore budgeting rules known as PAYGO that require them to account for any spending increase by creating an equal increase in revenue elsewhere. With SCHIP, their fiscal heroism proved bittersweet; the revenue increase proposal they agreed upon ended up costing congressional Democrats the critical Republican votes they needed to get their proposal enacted.

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More Evidence That Americans Aren't Psyched About Inequality

Harold Meyerson, in today's Washington Post:

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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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