White House, Congress Gearing Up For Attack On Public Safeguards

The White House is poised to roll back 30 years of progress on the nation’s health, safety and environmental protections. Upcoming White House proposals, expected this month, threaten to dramatically overhaul – and possibly destroy – these federal safeguards in a give-away to corporate special interests, camouflaged under the Orwellian guise of “regulatory reform.”

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Two New Fact Sheets on the Estate Tax

Americans for a Fair Estate Tax has just released two new fact sheets on the estate tax. The first deals with the impact of repeal on nonprofits and charitible giving and the second with the effect of the estate tax on family farms and small businesses. The Adverse Impact Estate Tax Repeal Has On Nonprofits (.pdf) The Estate Tax and Its Impact on Farms and Small Businesses (.pdf)

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Bush's Comments On Social Security

In last night's State of the Union Address, President Bush made Social Security one of his key topics of discussion. In his speech, he mentioned many true statistics about social security. It is true that over the years the number of workers paying into the system compared with the number of retirees collecting benefits is declining. It is true that sometime around the year 2020, if th system is left alone, the Social Security trust fund will be paying out more than it takes in. It is true that some sort of reform will be necessary in order to ensure that the system is solvent in the future. However, Bush did use some potentially misleading rhetoric during his speech. When discussing the growing Social Security shortfall -- which will begin after the year 2020 -- he said "by the year 2042, the entire system [will] be exhausted and bankrupt." This statement is misleading on many levels. The words "exhausted and bankrupt" do not accurately describe the situation. The Social Security Trustees have predicted a 27 percent benefits cut by the year 2042 if no reforms to the program are passed. The Congressional Budget Office has predicted a 22 percent benefits cut by the year 2052 if no reforms are passed. A cut in benefits of approximately one-quarter is not the same as "exhausted and bankrupt." By that year, our surplus will be exhausted, but not the entire trust fund. Bush used these words in an attempt to make the situation appear more dire than it actually is; in order to garner more support for his plan to overhaul what is, in reality, a financially sound program. Another interesting comment regarding what would happen if no reforms were passed was when Bush mentioned, "In the year 2027, the government will somehow have to come up with an extra $200 billion to keep the system afloat." While $200 billion sounds like a lot of money, it is nowhere near the shortfall created by Bush's tax cuts -- all of which have been financed by the deficit as opposed to spending cuts. $200 billion is also roughly the amount that our defense operations in Iraq and Afghanistan have cost. If the government is really interested in preserving Social Security - our most successful social insurance and poverty prevention program - there is no doubt they could find other ways to come up with $200 billion, without engaging in a costly overhaul that will also necessitate benefits cuts. For more on Bush's discussion of Social Security in his State of the Union address, see this article and this article. For a great report on how Bush's plan will phase out Social Security and result in benefits cuts, read this report from the Center for Economic and Policy Research.

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New E-Filing Available to Nonprofits!

Tax-exempt organizations can file their information returns for tax year 2004 electronically via a new free web service launched by the National Center for Charitable Statistics (NCCS). Last year, more than 450,000 organizations sent the Internal Revenue Service paper copies of Form 990, the annual information return for tax-exempt entities. With 990 Online -- available at http://efile.form990.org/ -- these organizations can file returns with the same ease and accuracy enjoyed by individual taxpayers who e-file.

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Faith-based groups Handing Out Gospel Tracts in Sri Lanka

From www.agapepress.com

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State of the union: Small biz, blah blah blah

This text is expected in the State of the Union address: To make our economy stronger and more competitive, America must reward, not punish, the efforts and dreams of entrepreneurs. Small business is the path of advancement, especially for women and minorities, so we must free small businesses from needless regulation and protect honest job-creators from junk lawsuits.

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Center For American Progress Unveils Progressive Tax Plan

The Center for American Progress has launched a progressive priorities project aimed at providing a positive vision for progressive lawmakers that is supported by a series of innovative policy ideas. The Center is authoring approximately a dozen reports over roughly a two month period that include broad policy recommendations as well as specific steps lawmakers can take in order to achieve these policy goals. On Monday the Center released one paper in this series about tax reform, called "A Fair and Simple Tax System for our Future: A Progressive Approach." The paper outlines policy necessary to restore a fair, simple, and pro-opportunity tax system, and serves as a responsible and progressive alternative to the tax policies currently embraced by the Bush administration.

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Senators Urge Bush to Provide Funding for LIHEAP

Last week a bipartisan group of fifty Senators urged President Bush to release the remaining $200 million in Low-Income Home Energy Assistance Program (LIHEAP) funding contained in the FY 2005 omnibus appropriations bill. The letter said, "We believe the heating crisis facing low-income Americans warrants the immediate release of emergency LIHEAP assistance." LIHEAP provides bill payment assistance, energy crisis assitance, and weatherization and home repairs to primarily low-income families to help them battle extreme weather conditions and maintain a certain standard of living. It is encouraging the half of the Senate recognize the program's importance and acted on this through a letter to Bush. More information about LIHEAP can be found here and here.

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Foxes at OSHA

Jonathan L. Snare has no relevant experience in the forays of occupational health and safety, but that hasn’t stopped Bush from appointing him as the new administrator of the Occupational Health and Safety Administration. From Alternet’s Molly Ivins:

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Smoking gun, mushroom cloud: domestic edition

The homeland is still unsecured, and now the nation's attorneys general are asking the Nuclear Regulatory Commission to do something about it. Seven AGs joined with public interest group Nuclear Information and Resource Service to petition the NRC for a rulemaking to increase defenses at the nation's unsecured nuclear power facilities.

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