Archive for May, 2011
by Gregory D. Kutz
Paperback, 26 pages, 2011, $20.00
According to the IRS, as of the end of FY 2010, the balance of reported unpaid federal taxes was about $330 billion. Given the many challenges that IRS faces, the enforcement of the tax laws and the tax code is on a list of high-risk areas. This report: (1) determined the magnitude of known unpaid federal taxes for individuals who were issued passports in FY 2008; and (2) identified examples of passport recipients who have known unpaid federal taxes. To identify examples for detailed audit and investigation, the report chose a non-representative selection of 25 passport recipients based on a number of factors, including the more egregious amount of federal taxes owed. Charts and tables. This is a print on demand report.
by Mark E. Gaffigan
Paperback, 80 pages, 2011, $25.00
Spent nuclear fuel — considered very hazardous — is accumulating at commercial reactor sites in 33 states. The Nuclear Waste Policy Act of 1982 directs the Dept. of Energy (DoE) to dispose of this waste in a repository at Yucca Mountain, Nevada. In June 2008, DoE submitted a license application for the repository, but in March 2010 moved to withdraw it. However, the NRC or the courts could compel DoE to resume the licensing process. This report examines: (1) the basis for DoE’s decision to terminate the Yucca Mountain program; (2) the termination steps DoE has taken and their effects; (3) the major impacts if the repository were terminated; and (4) the principal lessons learned. Charts and tables. This is a print on demand report.
by Charles A. Jeszeck
Paperback, 71 pages, 2011, $25.00
It is estimated that as of FY 2009 the total alien — non-U.S.-citizen — population was about 25.3 million, incl. about 10.8 million aliens without lawful immigration status. Some aliens have been convicted and incarcerated (criminal aliens). The federal government. bears these incarceration costs for federal prisons and reimburses states and localities for portions of their costs. This report addresses: (1) the number and nationalities of incarcerated criminal aliens; (2) the types of offenses for which criminal aliens were arrested and convicted; and (3) the costs associated with incarcerating criminal aliens and the extent to which the Dept. of Justice’s methodology for reimbursing states and localities for incarcerating criminal aliens is current. A print on demand report.
by James V. Saturno
Paperback, 17 pages, 2011, $20.00
Article I, Section 7, clause 1 of the U.S. Constitution is known as the Origination Clause (OC) because it provides that “All Bills for raising Revenue shall originate in the House of Representative.” The meaning and application of this OC has evolved through practice and precedent since the Constitution was drafted. The Constitution does not provide guidelines as to what constitutes a “bill for raising revenue.” This report analyzes congressional and court precedents regarding what constitutes such a bill. Contents: (1) Intro.; (2) The Constitutional Convention and the OC; (3) Interpreting the OC, and Enforcing the OC: House of Rep.; Senate; Supreme Court; (4) Other Legislation and the OC; Appropriation Legislation; Debt Limit Legislation. A print on demand report.
by Martin A. Weiss
Paperback, 17 pages, 2008, $15.00
This is a print on demand edition of a hard to find publication. Following the ouster of the Saddam Hussein regime in spring 2003, Iraq’s external debt was $130 billion. Reducing this debt to a sustainable level has been a priority of the U.S. government. Since 2003, debt relief negotiations have led to the cancellation of a significant amount of Iraq’s external debt. Contents of this report: (1) Iraq’s External Debt: Paris Club Debt Claims; Non-Paris Club Debt Claims; Commercial Debt Claims; (2) The Debt Relief Effort: Paris Club Debt Relief; Evian Approach; Iraq’s Paris Club Agree.; Non-Paris Club Debt Relief; Commercial Debt Relief; (3) Potential Policy Precedents for International Debt Relief: Granting a Stay on the Enforcement of Creditor Rights; Flexibility of Paris Club Agree.; Implementing an Odious Debt Strategy. Illustrations.
by Harold W. Geisel
Paperback, 77 pages, 2011, $25.00
Mortgage servicers — entities that manage home mortgage loans — halted foreclosures throughout the country in September 2010, finding that documents required to be provided to courts in some states may have been improperly signed or notarized. In addition, academics and court cases are raising questions over whether foreclosures are being brought properly because of concerns over how loans were transferred into mortgage-backed securities. This report examined: (1) the extent to which federal laws address mortgage servicers’ foreclosure procedures and federal agencies’ past oversight; (2) federal agencies’ current oversight and future oversight plans; and (3) the potential impact of these issues on involved parties. Illus. A print on demand report.
by Dick K. Nanto
Paperback, 17 pages, 2011, $20.00
The March 11, 2011, earthquake and tsunami that occurred in Japan followed by the nuclear crisis are having a large negative impact on the economy of Japan but a lesser effect on world trade and financial markets. U.S. interest on the economic side centers on humanitarian concerns, radioactive fallout reaching the U.S., the impact on U.S. citizens and American co. in Japan, the effects on trade and supply chain disruptions, and increased volatility in Japanese and U.S. financial markets, interest rates, and the yen-dollar exchange rate. Contents of this report: Overview; Economic Impact: Manufacturing; Financial and Currency Markets; Implications for the U.S.-Japan Economic Relationship. Charts and tables. This is a print on demand report.