Taxing Capital Income Increases Revenue, Reduces Inequality

In September, President Obama released a deficit reduction package for consideration by the congressional Super Committee that included a new tax reform recommendation regarding millionaires. Dubbed the "Buffett Rule," the proposal states, “No household making over $1 million annually should pay a smaller share of its income in taxes than middle-class families pay,” and it would address a long-standing disparity between the taxation of labor income and investment income. Indeed, going beyond the Buffett Rule and taxing capital income on par with labor income would not only bring in much needed revenue, it would help to reduce income inequality, a source of economic inefficiency.

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Repatriation Tax Holiday Is Not a Jobs Plan

Congressional Republicans consistently push tax cuts for corporations and the wealthy as a means to create jobs. One measure that is receiving increased attention is a tax break for corporations that park profits overseas to avoid paying taxes. Despite Republicans' insistence that a tax holiday would bring these profits back to the U.S. and that corporations would then invest in jobs here, the evidence tells a different story.

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Farm Dust Frenzy: A Misleading and Distracting Regulatory Myth

For the past several months, members of Congress and agriculture associations have decried a supposedly imminent regulatory threat by the U.S. Environmental Protection Agency (EPA) – new standards for a type of air pollution referred to as "farm dust." Despite assurances from EPA Administrator Lisa Jackson that the agency will not issue new Clean Air Act regulations for coarse particulate matter (PM10), which would include farm dust, the mere notion of new air pollution standards has sent legislators and some agriculture groups into a frenzy to block future agency actions.

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Update of Key Transparency Law Would Better Protect Americans' Privacy

A critical but neglected transparency law could be updated for the 21st century if a new congressional proposal succeeds. The Privacy Act Modernization for the Information Age Act (S. 1732), introduced by Sen. Daniel Akaka (D-HI) on Oct. 18, would update the Privacy Act of 1974 (5 U.S.C. 552a). The Privacy Act governs what actions federal agencies must take when collecting personal information on American citizens and how agencies use and share it.

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Ongoing Listeria Outbreak Illustrates the High Stakes of Food Safety Regulation

The multistate outbreak of listeriosis, linked to cantaloupes from Colorado-based Jensen Farms, is the deadliest foodborne disease outbreak in a decade. Infections caused by listeria have taken 23 lives, caused at least one miscarriage, and sickened over 100 people in 24 different states. The grim effects of recent foodborne illness outbreaks illustrate the need for continuous improvements to our food safety programs. Public health depends on agencies having the authority and resources to issue necessary safeguards, conduct adequate inspections, and enforce food safety rules.

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Despite Delays and Threats, EPA Finally Classifies TCE as a Cancer-Causing Chemical

After more than 20 years, the U.S. Environmental Protection Agency (EPA) has finally determined that trichloroethylene (TCE), a chlorinated solvent used primarily for removing grease from metal, causes cancer. The assessment was finalized by the EPA’s Integrated Risk Information System (IRIS), an important but troubled program that is tasked with providing the public with critical information about dangerous chemical exposures.

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Pulpit Freedom Sunday Clarifies the Need for Clarity

Hundreds of pastors took to their pulpits on Sunday, Oct. 2, to engage in an annual civil disobedience ritual known as Pulpit Freedom Sunday. Initiated by the Alliance Defense Fund and supported by Glenn Beck, Pulpit Freedom Sunday aims to challenge the current prohibition on partisan electioneering by churches and other 501(c)(3) organizations.

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Libraries Can Connect the Public to Open Government

In recent years, government has increasingly embraced the proactive disclosure of information and created online tools to increase transparency. But how do Americans discover that information? Who helps them learn how to use complex government databases and tools? The answer may be a surprisingly familiar one: libraries.

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Financial Taxes Can Raise Revenues, May Help Stabilize Markets

The congressional Super Committee, tasked with forging a $1.2 trillion deficit reduction package by Thanksgiving, is currently deliberating on which revenues – if any – to raise and to include in its plan. With Wall Street at the center of the 2008 economic collapse, the committee should look to a pair of revenue options that would fulfill the dual roles of addressing risks to the economy posed by Wall Street and raising much needed revenue: a financial speculation tax and a financial crisis responsibility fee on large financial institutions.

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Congress Should Streamline Budget Process

Along with all the attention the federal budget is receiving these days, the budget process itself is coming under greater scrutiny. Both the House and Senate budget committees held hearings recently to discuss how to reform the budget process. The panels featured former budget directors and academics, but curiously, there was little talk of fixing the immediate problem of budgetary gridlock.

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