The government of El Salvador was so concerned that its water was so fouled by mining companies that it passed a moratorium on new mines in 2008. Oceana Gold, an Australian corporation, didn’t like the law, so it sued El Salvador for $301 million, the amount the company said the policy cost it in lost profits.
On April 28, the Senate Committee on Environment and Public Works reviewed proposed legislation from Sens. David Vitter (R-LA) and Tom Udall (D-NM) to revise the Toxic Substances Control Act (TSCA), our nation's primary chemical safety law. Despite numerous attempts to constructively amend the flawed bill, the committee failed to fix the legislation and sent it on to the Senate floor.
The House of Representatives gave 25 of the nation’s billionaires a $334 billion tax break on April 16 when it voted 240-179 to repeal the estate tax. The nearly 100-year old tax raises $27 billion a year for the U.S. government. Of the 2,662,000 Americans who died in 2013, just 3,700 of their estates paid any estate tax – one out of every 700 estates.
Last week, thousands of New York City residents completed an eight month-long participatory budget process in which they voted on how to allocate $25 million of their taxes in their communities. The city first experimented with participatory budgeting in 2011 when four City Council members allowed their constituents to decide how to use $1 million in discretionary funds provided by the city on community projects in their wards. This time around, 24 of New York City’s 51 Council members joined in the effort.
Every day, we are exposed to chemicals in our shampoo, body wash, hand sanitizer, toothpaste, lotion, and much more. We expect our government to ensure that the chemicals in products have been tested and are safe for us and our families.
Every small business would need to pay $3,244 in additional taxes to offset the $110 billion in federal and state revenue lost every year to offshore tax avoidance by multinational corporations, according to a new report from U.S. PIRG.