New Posts

Feb 8, 2016

Top 400 Taxpayers See Tax Rates Rise, But There’s More to the Story

As Americans were gathering party supplies to greet the New Year, the Internal Revenue Service released their annual report of cumulative tax data reported on the 400 tax r...

read in full
Feb 4, 2016

Chlorine Bleach Plants Needlessly Endanger 63 Million Americans

Chlorine bleach plants across the U.S. put millions of Americans in danger of a chlorine gas release, a substance so toxic it has been used as a chemical weapon. Greenpeace’s new repo...

read in full
Jan 25, 2016

U.S. Industrial Facilities Reported Fewer Toxic Releases in 2014

The Toxics Release Inventory (TRI) data for 2014 is now available. The good news: total toxic releases by reporting facilities decreased by nearly six percent from 2013 levels. Howe...

read in full
Jan 22, 2016

Methane Causes Climate Change. Here's How the President Plans to Cut Emissions by 40-45 Percent.

  UPDATE (Jan. 22, 2016): Today, the Bureau of Land Management (BLM) released its proposed rule to reduce methane emissions...

read in full
more news

A Letter to Congress: PAYGO Legislation an Encouraging Start

This afternoon, OMB Watch submitted a letter to all members of the House of Representatives, encouraging them to support the "Statutory Pay-As-You-Go Act of 2009" ("PAYGO").  Introduced by House Majority Leader, Rep. Steny Hoyer (D-MD), the bill is a crucial first step towards returning to a culture of responsible spending. 

read in full

CTJ and RRAN Call for Funding Health Care through Responsible Tax Reform

Citizens for Tax Justice

This morning, Citizens for Tax Justice (CTJ), in conjunction with Rebuild & Renew America Now (RRAN), a tax policy group, released a report outlining two tax reform proposals devised to help pay for the much anticipated overhaul of the U.S. health care system by Congress. The proposals, designed to place the least amount of tax burden on low and middle-income families, call for an expansion of the Medicare tax and a limitation on itemized deductions. According to CTJ, the two tax reforms could yield as much as $60.5 billion in the first year and $760 billion over the course of a decade. The report breaks down how the tax reforms would affect citizens of different income levels on a state-by-state basis. In addition to the report, Deborah Weinstein, Executive Director of the Coalition on Human Needs, which is part of RRAN, published an opinion piece on Huffington Post arguing for responsible revenues to pay for health care reform.

read in full

Senate (sort of) Passes Estate Tax Cut

Well, the U.S. Senate is a mysterious thing. The Lincoln/Kyl estate tax amendment to reward the children of multi-millionaires passed last night - 51 - 48. But there's a caveat. The Senate also passed an amendment from Sen. Richard Durbin (D-IL) that prohibits any estate tax cuts called for in the Lincoln/Kyl amendment unless an equally large tax cut is passed for Americans making under $100,000 per year. That amendment also passed 56 - 43. Even Lincoln voted for Durbin's amendment (I guess she just really likes tax cuts?). I think on a procedural level this amendment does help a bit. While the Durbin amendment doesn't negate the Lincoln/Kyl amendment, it does make it a bit harder to develop legislation that would actually enact a change in the estate tax that is called for under the Lincoln/Kyl amendment.

read in full

Long Overdue Outrage Over the Anti-Estate Tax Crowd

Both the New York Times and the Washington Post ran lead editorials this morning denouncing the attempt of Sens. Blanche Lincoln (D-AR) and Jon Kyl (R-AZ) to give yet another tax cut to the children of the very richest Americans. Both editorials are spot on and raise excellent points about why Sens. Lincoln and Kyl seem to be both out of touch and out of their minds. In fact, both editorials express far more outrage and disdain for this proposed tax cut than I've ever seen before in any newspaper. (Read the Times and Post editorials.)

read in full

56 National Organizations Oppose More Tax Cuts for Millionaires

The House and Senate are debating the FY 2010 budget resolution on the floor this week and in anticipation of regressive amendments that would expand the cut to the estate tax enacted under the Bush administration, OMB Watch joined 55 other national nonprofit organizations have sent a letter to each senator urging them to oppose any amendment that further erodes the estate tax.

read in full

We Wish You a Merry Christmas and Happy Holidays

The Budget Brigade would like to wish you all a great holiday season and a super New Year. We would also like to thank all of our readers for following our work supporting us in 2008. We will be on vacation until January, but will return in 2009 to continue keeping an eye on things.

read in full

Christmas Comes Early to Wall Street

We're on the verge of the holidays this Monday and the Associated Press reported yesterday that bank executives around the country received an early present this year, courtesy of Joe and Jane Taxpayer:

read in full

2008 Fiscal Policy Year in Review

It's been an exceptional year. 2008 saw not only economic indicators that evoked memories of the Great Depression, but also a record-breaking federal budget deficit. The federal government, through several agencies, activated trillions of dollars in loans and asset guarantees. Congress approved the largest supplemental spending bill in its history and gave the Treasury Department the authority to expend the equivalent of three-fourths of the federal discretionary budget on one sector of the economy. But in many other ways, Congress proved to be unremarkable by staying true to its recent history of underachievement.

read in full

Huge Job Losses Show More Economic Pain Coming

On Friday, the Bureau of Labor Statistic reported the largest job loss numbers since 1974 as the economy lost 533,000 jobs and the unemployment rate pushed higher to 6.7 percent. This news, combined with last week's pronouncement that the U.S.

read in full

It's Now Officially a Recession

It's felt like it for a while, but the Business Cycle Dating Committee of the National Bureau of Economic Research announced today that we are in a recession and it began in December 200.

read in full


Resources & Research

Living in the Shadow of Danger: Poverty, Race, and Unequal Chemical Facility Hazards

People of color and people living in poverty, especially poor children of color, are significantly more likely...

read in full

A Tale of Two Retirements: One for CEOs and One for the Rest of Us

The 100 largest CEO retirement funds are worth a combined $4.9 billion, equal to the entire retirement account savings of 41 percent of American fam...

read in full
more resources