OMB Watch Urges Senate Rules Committee 'Oppose 527 Reform Act'

WASHINGTON, DC -- Concerned that the 527 Reform Act of 2005 is overbroad and will hinder nonprofits' speech and advocacy rights, the watchdog group OMB Watch is urging the Senate Rules Committee not to act on the bill (S. 271) set for markup Wednesday April 27. A draft substitute amendment to S. 271 by sponsors Sens. John McCain (R-AZ) and Russell Feingold (D-WI) removes some problems with the original bill. For instance, the substitute bill would ensure 501(c) organizations would not be adversely impacted, as many experts feared (including a member of the Federal Election Commission).

read in full

Watchdogs Denounce Federal Cuts to Gov’t Oversight Programs

The New Standard & Z-Magazine/Znet (MA) By Michelle Chen. Reprinted with permission. Packaged in terms suggesting progress, conservative lawmakers are pushing hard to modify, restrict, "realign" or annihilate federal regulatory bodies and measures meant to protect the public from corporate abuse. Apr 14 - In the coming months, the rules that govern industrial pollution, workplace safety, and other public interest issues may be headed for roadblocks from Congress and the White House.

read in full

Bush's Climate Change Politics Program

It's no secret that the White House has been hostile to policy proposals addressing the problem of climate change, but in a letter to Sen. John McCain and John Kerry, GAO stated it found the program established by the Bush administration to study climate change has missed important deadlines and has failed to address how climate change will impact the environment and human health, information that is critical for the development of sound policy.

read in full

Bush's Most Radical Plan Yet

With a vote of hand-picked lobbyists, the president could terminate any federal agency he dislikes By OSHA GRAY DAVIDSON From Rolling Stone May 5, 2005 Excerpts reprinted with permission.

read in full

Accountabilty Field Mtg Sponsored by Foundations

Charities and philanthropies will speak out on ways to have more oversight and governance within the nonprofit sector at a Field Meeting at the Westin - Southfield (1500 Town Center) on April 27 from 1:00 p.m. to 4:00 p.m., in Southfield, MI.

read in full

IRA Rollover Legislation Introduced in House

On Wednesday, April 13, 2005, Representatives Wally Herger (R-CA) and Earl Pomeroy (D-ND) introduced a stand-alone IRA charitable rollover bill. H.R. 1607, the "Public Good IRA Rollover Act," allows individuals to contribute amounts currently held in IRA accounts directly to qualified charities without having to first recognize the income for tax purposes and then take a charitable deduction. For an outright gift to a charity, a person must be at least 70 1/2. For split-interest gifts (i.e.

read in full

Another Strike Against Private Accounts

On tuesday, Finance Committee member Orrin Hatch (R-UT) said that both he and Sen. Charles Grassley (R-IA) had "pretty much told the president he's not going to get carve-outs" in regards to Social Security reform. Senate GOP leaders seem to be coming around to the fact that Bush's Social Security plan is not politically popular enough for them to seriously pursue. Hatch, in fact, is promoting a plan that would let people contribute up to $5,000 per year into a personal account, with the government providing scaled matching contributions for those who make less than $80,000 annually. Hatch's proposal also provides financial incentives that would be added to the accounts of those who opt to defer their receipt of Social Security retirement benefits. And the debate for reform continues. Of note: On April 26th, at 10 AM, the Senate Finance Committee will hold a hearing on sustainable solvency, during which they will look at proposals for reform both with and without private accounts. Robert Pozen, a former member of Bush's 2001 Social Security commission, will testify. His plan for reform has garnered a lot of attention over the past few months.

read in full

Appeals Court Puts D.C. Hazmat Ban on Hold

A federal appeals court granted CSX an emergency stay to prevent D.C. from implementing a new law prohibiting hazardous cargo rail shipments near the U.S. Capitol. On Monday, May 18, the District Court had upheld D.C.'s ban, prompting CSX to file an immediate appeal and seek the emergency injunction. The court also ordered Washington, DC, and the Sierra Club, another plaintiff in the case, to file briefs by Friday, May 22.

read in full

The Rich are Getting Richer...

Recent economic data released by the Labor Department show that steady increases in productivity have resulted in increased profits for businesses, but not increased compensation for the American workforce. This has left CEOs, their boards and shareholders, and their company's bottom line looking good. But the wages paid to average workers have not similiarly improved. Economists at the Economic Policy Institute calculate that during this business cycle, wages have grown less than half as quickly as compared to productivity as in the previous 7 business cycles. And Christian Weller and John Burton at the Center for American Progress note that four years into the business cycle, CEO pay and the pay of average Americans continue to pull farther apart. While economy continues to slog along, the few benefits and increases we are seeing are being concentrated in the hands of only a few.

read in full

Watcher: April 20th, 2005

Federal Budget
  • House Again Passes Irresponsible Estate Tax Repeal
  • No Compromise Seen in Budget Negotiations
  • Billions Lost Annually Due to Tax Evasion

read in full

Pages