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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CEA: No, Seriously, the Recovery Act is Working

I feel sorry for the economists over at the White House's Council of Economic Advisors (CEA). Every quarter, they run the numbers and find that the Recovery Act is significantly helping the economy. Last quarter, the CEA found that the Act increased GDP between 1½ and 3 percentage points and created between 1½ to 2 million jobs. This time around they found that it created between 2.2 and 2.8 million jobs and raised first quarter GDP between 2.5 and 2.9 percent. In other words, the Recovery Act is pretty consistently helping the economy improve, and in fact its effects may be growing. But no one listens to them! It must be a frustrating job.

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Budget Resolution Looks like a 'Go,' but May be Less Than Desirable

The U.S. Capitol

A Congressional Quarterly article (subscription) published this afternoon puts to rest recent rumors that Congress won't enact a budget resolution this year, quoting Senate Budget Committee Chairman Kent Conrad (D-ND) that he has a "green light" from leadership to put something together. In his remarks, though, Conrad claimed he would produce an "aggressive budget" with deficit projections well below what the White House's budget proposal forecasts.

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The Freedom of Taxation

In a column in Forbes, heterodox conservative Bruce Bartlett questions the logic that more taxes equals less freedom.

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Oversight Board Urges Congress to Give the IRS More Cash than the President Requested

No, not that kind of Cash...

According to a Bureau of National Affairs article (subscription) published today, the Internal Revenue Service's (IRS) Oversight Board publically released its recommendation on the FY 2011 budget this morning. Submitted to the House and Senate appropriations committees last month, the recommendation requests 2.2 percent more funding for the agency than President Obama proposed. The additional resources would go toward taxpayer services and operations support.

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CBO Monthly Budget Review, March 2010

Dad?

Chalk up another set of economic data under the category of "information most informed people knew a long time ago, but that will really upset the Teabaggers," because the Congressional Budget Office (CBO) released its Monthly Budget Review (MBR) for March, and, oh boy, are there some ugly numbers in there to cherry pick. With that said, there are some bright spots too.

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Is 'High Road' Contracting Gaining Momentum?

The Zorbing Ball

Recent press reports have indicated that the "high road" contracting process may be gaining momentum, possibly foretelling adoption of the policy by the Obama administration. Last week, Government Executive published several stories on the topic, including an article on congressional members requesting a Government Accountability Office (GAO) report on the costs and benefits of adopting "high road" contracting guidelines, and a story outlining documents obtained by GovExec that they purport give further details on how the administration might implement such a policy.

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OMB Memo Seeks to Improve Spending Transparency in Near- and Long-Terms

The Office and Management and Budget (OMB) issued a memo (PDF) today under President Obama's Open Government Directive that features a handful of goodies for federal spending transparency aficionados.

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Treasury's Rush to Sell Citigroup Shares Could Cost Taxpayers

On March 29, the Treasury Department announced that it would begin selling the 7.7 billion Citigroup shares it owns, which represent the government's 27 percent stake in the company. The move is the most significant step Treasury has taken so far in the long process of winding down the Troubled Asset Relief Program (TARP). Since selling the stock will generate more than $30 billion, a profit of at least $7 billion, many news reports are claiming it proves the bailout was a "great business" for the government. However, Treasury’s sale may be in conflict with one of TARP’s statutory goals: maximizing taxpayer returns.

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Administration Initiative to Eliminate Improper Payments Starts to Come into Focus

On March 22, the Office of Management and Budget (OMB) released new guidance for implementing President Obama's recent Executive Order 13520, which instructs the federal government to reduce improper payments to individuals and businesses. The initiative attempts to use transparency, public participation, and executive branch accountability to reduce "payment errors" and eliminate "waste, fraud, and abuse" in major federal programs. The guidance, however, is incomplete, and OMB will have to work to fill out the program's details.

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Fatally Flawed Stimulus Report Ignores Subrecipients

The great thing about the Recovery Act is that it provides us with a great deal of data on hundreds of billions of dollars of federal spending. Anyone can go to Recovery.gov, the stimulus tracking website, download data for their state or the entire nation, and see each and every report submitted by recipients of the funds -- all 230,000 of them. Sifting through that amount of data can be like drinking from a fire hose, but it's an important feature of any spending transparency system. Anyone can take the data and do their own analysis, greatly expanding the uses of the data.

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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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