FUND THAT HELPS BLACK LUNG VICTIMS AT RISK IF COAL TAX ENDS: The government's potential failure to reauthorize a tax on coal production could threaten a program that helps coal workers suffering from black lung, a federal watchdog has found. A Government Accountability Office (GAO) report released Monday warns that the Black Lung Disability Trust Fund will be at risk if the government fails to extend or increase a tax on coal production, which goes toward funding the program. The report estimates that a 55 percent decrease on the coal tax rate, which is expected to take effect in 2019, along with declining coal production, will threaten the program. This in turn could lead to increased borrowing that may exceed $15 billion by 2050, the report found. Currently, coal companies have to pay a tax of $1.10 per ton on underground coal production toward the fund, but that amount will revert to 50 cents, the 1977 level. The trust fund provides monthly payments and medical treatment to coal miners disabled from pneumoconiosis, or black lung, as a direct result of their employment at or near U.S. coal mines. According to the GAO, the trust fund has paid $184 million in benefits to more than 25,000 coal miners and their dependents. "With the scheduled 2019 tax rate decrease, our moderate case simulation suggests that expected revenue will likely be insufficient to cover combined black lung benefit payments and administrative costs, as well as debt repayment expenditures," the GAO report read. Read more here. PARK SERVICE WANTS TO MOVE SAN FRANCISCO OFFICE: The National Park Service (NPS) is proposing to move its West Coast regional headquarters out of San Francisco, citing high rent and cost of living. The agency wants to move the 150 or so employees in the Pacific West Region office to a building it already owns in Fort Vancouver National Historic Site in Vancouver, Wash. Officials formally submitted the plan for congressional approval last week. "The NPS considered various factors in developing this proposal including, the more favorable cost of living, the expected long-term taxpayer savings from using an NPS-owned building rather than leasing, and the preservation benefits of adapting a historic building for modern use," NPS spokesman Andrew Munoz said in a statement. "The NPS estimates the proposal will save more than $2 million a year in rent, could reduce salary and benefits costs by about $1.8 million a year, and eliminate $12 million in deferred maintenance with the restoration of the historic building it will occupy at Fort Vancouver." We break it down here. ON TAP TUESDAY: The Energy Information Administration will hold the second and final day of its annual energy conference. Speakers will include Under Secretary of Energy Mark Menezes and Federal Energy Regulatory Commission Chairman Kevin McIntyre. The Senate Energy and Natural Resources Committee will hold a hearing on wildland fire management programs at the Forest Service and the Interior Department. OUTSIDE THE BELTWAY: When Bayer AG and Monsanto Co. complete their merger, the new company will completely drop the Monsanto name, NBC News reports. United Kingdom fracking firm Cuadrilla has obtained an injunction against protesters at the Lancashire site where it hopes to conduct the nation's first commercial large-scale fracking operation, the Guardian reports. IN CASE YOU MISSED IT: Check out stories from Monday and over the weekend... -Volkswagen pledges to stop animal testing -White House 'looking into' reports Pruitt sought mattress from Trump Hotel -Fund that helps black-lung victims at risk if coal tax eliminated: watchdog -Park Service seeks to move western office out of San Francisco -Conservation group launches $1M campaign to save public parks bill -White House required Cabinet to publicly back Paris deal exit: report -Pruitt aide helped him book personal flights, try to buy a Trump Hotel mattress: Dems -American Airlines warns of higher fees due to oil prices -Dead whale in Thailand had 17 pounds of plastic in its stomach -Zinke cites 'environmental disaster' in sending park police to border -San Diego may ban plastic foam food containers over pollution concerns -Pruitt sat courtside in seats owned by coal executive: report -Endangered gorilla population increases to over 1,000 -EPA taps former chemical industry attorney to oversee cleanups -Firm discloses more EPA lobbying by advocate with ties to Pruitt condo rental -Park Service boss apologizes to staff for 'inappropriate' behavior -Lobbyist tried to schedule Pruitt trip to Qatar |
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