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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Estate Tax Audits- Important?

There's a good Wall Street Journal article today on the importance of estate tax audits. But it's missing some critical context. On one of the people in the story, a former estate tax auditor: Ms. New started auditing estate-tax returns in the IRS's Detroit office in the 1980s. She managed an estate-tax group from 2001 until early this year, when she took a buyout and went into private practice.

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Watcher: May 1, 2007

Mapping out the Post-Veto Supplemental Landscape President George W. Bush and Congress are continuing their power struggle over policies related to the war in Iraq, with a war funding bill containing a "goal" timeline for withdrawal of soldiers headed for an almost certain veto. Senate Still Without Strong Earmark Disclosure ProvisionsWhile the House passed earmark disclosure provisions in its initial rules package in January, a stronger proposal for earmark disclosure passed by the Senate as part of a larger lobbying and ethics reform bill has languished for months.

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IRS Privatization Debate Heats Up

Sens. Byron Dorgan (D-SD) and Patty Murray (D-WA) released a "Dear Colleague" letter, or a message between representatives, in favor of S. 335, a bill that would end the IRS private debt collection program. The letter is part of the congressional war of words over the bills that would end the IRS program. Sen. Chuck Grassley (R-IA) and Rep. Bart Gordon (D-TN) have sent letters defending the program. Here's Grassley's letter, and here's the first and second part of Gordon's letter.

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Preview of House Hearing on USDA Security Breaches

As we reported last Friuday, the House Agriculture Committee is holding a hearing tomorrow on security breaches at the Department of Agriculture. This hearing is a follow-up to reports earlier in April of personally identifiable information being contained within USDA data that is widely available on the internet. This security issue was discovered on April 13 by a user of our FedSpending.org website.

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The Entitlement Crisis That Isn't

On April 23, the Social Security and Medicare Board of Trustees released its annual reports on the two programs. These reports reveal there is not, in fact, an "entitlement" crisis, and that the alarmist language often placing blame on entitlements is generally a pernicious shorthand that glosses over the complicated fiscal challenges facing an aging society with rapidly rising health care costs.

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Mapping out the Post-Veto Supplemental Landscape

President George W. Bush and Congress are continuing their power struggle over policies related to the war in Iraq and a war funding bill containing a "goal" timeline for withdrawal of soldiers. Congress sent the funding bill to the president on May 1, the fourth anniversary of Bush's "mission accomplished" visit aboard an aircraft carrier, and he promptly vetoed it shortly thereafter. With the House unlikely to override a veto, Democrats in Congress are faced with the difficult task of finding a compromise in the next month.

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Senate Still Without Strong Earmark Disclosure Provisions

While the House passed earmark disclosure provisions in its initial rules package in January, a stronger proposal for earmark disclosure passed by the Senate as part of a larger lobbying and ethics reform bill has languished for months. Despite the delay, recent rumors of possible action on the companion House ethics and lobbying reform bill have renewed hope the stronger Senate language on earmarks will eventually be adopted in both chambers.

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Which Comes First, the Budget or the Bills?

Congress' focus on the emergency war spending supplemental has come at the cost of momentum on the FY 2008 budget resolution. House Appropriations subcommittee chairs hope to meet the goal set by the Democratic leadership of having all 12 annual appropriations bills adopted by the July 4 recess, leaving the Senate and conference committees adequate time to complete the bills by Oct. 1, the start of FY 2008. So, while they wait for a vote on the conference committee budget resolution, the Appropriations chairs are starting in on their spending bills. This creates a problem.

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A Health Care Cost-Containment Plan

I've been wondering for some time who had a plan to reduce the costs but not the quality of health care. Of course somebody does- it's such a big issue that everyone can't be ignoring it- but who? Well, it turns out that MedPAC, a government advisory board on Medicare, and probably the first place I should have looked, already has a plan. Check out this article for a quick summary of MedPAC's latest report.

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1Q07 GDP Growth Estimate 1.3%; Revenue Implications?

Returning to our long-standing concern about the 5-7 percent, five-year projections of federal revenue growth, we hereby put down a marker, in light of BEA's GDP growth estimate of 1.3 percent for the first quarter of 2007, released today. We will return to the question of the plausibility of the 5-7 percent revenue growth figures offered by the president, Congress, and even the CBO in about three weeks' time, when the CBO issues its next Monthly Budget Review.

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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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