Korb: $60 billion in Defense Waste

Lawrence Korb, former Reagan administration official and fellow at the Center for American Progress, has a good report out on $60 billion of annual waste in the defense budget.

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More Delay on State Efforts to Regulate GHG Emissions

In December 2005, California petitioned EPA to let the state develop its own program and standards for regulating greenhouse gas emissions from vehicles. Under the Clean Air Act, the federal government holds the express right to regulate emissions but may grant waivers to states, which it often does. If EPA grants California's waiver request, 11 other states could follow suit. Yesterday, EPA Administrator Stephen Johnson wrote California Governor Arnold Schwarzenegger stating EPA would make its decision by the end of 2007. That's two full years after the initial request.

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Mandatory Cost-Benefit Analysis Fouls Senate Energy Bill

You have likely read in your morning paper that late yesterday the Senate passed major energy legislation. News reports tout the accomplishments of Democrats in fending off industry influence and mandating an increase in CAFE standards — the national program regulating passenger vehicle fuel efficiency.

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Ways & Means to Examine Fund Managers' Tax Rates

The House Ways and Means Committee has announced hearings after the July 4 recess to examine tax rates applying to private equity and hedge funds managers. Committee chair Charles Rangel (D-NY) said he and ranking member Jim McCrery (R-LA) agree "it is imperative" that the committee conduct a hearing to explore taxation issues surrounding the "carried interest" issue.

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$32.1 Bn. Alternative Energy Tax Plan Stalls in Senate

A cloture vote on the $32.1 billion tax title in an energy package failed by three votes in the Senate today, 57-36. Sen. Mary Landrieu (LA) was the only Democrat to vote against cloture; 10 GOP Senators supported it: Coleman (MN), Collins (ME), Crapo (ID), Grassley (IA), Lugar (IN), Roberts (KS), Smith (OR), Snowe (ME), Specter (PA), and Thune (SD).

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House Moves Forward on Popcorn Workers Lung Bill

Last week, Reg•Watch blogged about a House bill which would force the Occupational Health and Safety Administration to set a standard for workers exposed to diacetyl. Diacetyl is a component of the artificial butter flavoring found in microwave popcorn. Exposure can cause a lung disease called bronchiolitis obliterans which reduces quality of life and causes premature mortality. Unfortunately, the disease has acquired the moniker "popcorn workers lung."

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Church-State Lawsuit Filed in North Dakota

The New York Times reports that the Freedom From Religion Foundation (FFRF) has filed a lawsuit on behalf of three state taxpayers against North Dakota to prohibit public financing of the Dakota Boys and Girls Ranch. The teen Home provides therapeutic and rehabilitative services for troubled youth rooted in Christian teachings, Bible readings, and religious services. This case is the most recent legal challenge to public financing of religious-based programs.

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Lobbying Language Must Stay Strong

House Speaker Nancy Pelosi (D-CA) received a letter yesterday from reform groups on her leadership involving recent House Lobby and Ethics reform legislation. A similar letter was sent to Senate Majority Leader Harry Reid (D-NV). The letter calls on the Democratic leaders to keep the strong provisions in their respective bills intact so that numerous changes do not weaken the bill during the upcoming conference report. The groups express concern for the bundling provision, maintaining the disclosure by lobbyists of their fund-raising events, and disclosure of lobbyists bundling contributions.

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EPA's Weak Ozone Proposal: A Case for Regulatory Transparency

On June 21, EPA announced a proposal for a revised national standard for ozone exposure. The proposal, mandated by court order, proposes a range from which EPA will pick its final standard. Any limit picked from within the proposed range will fall short of what is needed to protect the public health. EPA's proposed range is 0.070 to 0.075 parts per million, but in recent months scientific consensus has emerged in supporting a limit no greater than 0.070 ppm and ideally closer to 0.060 ppm. EPA has already caught a lot of flack for skirting a real decision and proposing limits weaker than scientists have recommended. But the role of the White House should be scrutinized as well.

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Post Article Gives Praise Unto Walker

Praise be budget nutcase David Walker. His Word is holy, and those who speak it become holy, i.e. writers for the Washington Post. Today's epistle expresses almost zero skepticism about any of Walker's claims about the "entitlement" crisis. It is not for the Washington Post to question the Word, though the author gets a little credit for including a paragraph with a quote from a heretic.

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