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News Release | U.S. PIRG | Democracy, Financial Reform

Citi shareholders gathered in NY demand lobbying disclosure

 

NEW YORK, NY - Citigroup shareholders gathered today in New York City for their annual meeting and outrage over Citi’s role in the financial crisis was still palpable in the room.  A major topic of interest was a shareholder proposal that would require the company to disclose its lobbying expenditures to its investors, one of over 100 resolutions on political activity filed this season.

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Blog Post | Consumer Protection

U.S. House Considers Delay To Financial Protections for Servicemembers, Veterans | Ed Mierzwinski

(UPDATED 30 April): Last year the Department of Defense proposed needed improvements to the 2007 Military Lending Act, since high-cost lenders were exploiting loopholes to evade the law's 36% APR cap on loans to servicemembers to make loans at 400% APR or more, harming military families and threatening unit preparedness to defend the nation. Now, days before a committee vote, predatory lenders have succeeded in convincing House Armed Services Committee leaders to insert language into the National Defense Authorization Act that would delay the DoD regulations up to a year while needless, redundant studies are prepared. Only in Washington.

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Blog Post | Public Health

Antibiotic-Free Chicken is the Next Big Thing | Anya Vanecek

More encouraging news this week. As people speak out against antibiotics overuse in agriculture, the industry is changing to meet our standards. 

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Blog Post | Public Health

Blue Bell Recalls are a Public Health Wake-Up Call | Anya Vanecek

Blue Bell has just issued a total recall of its products while it resolves its recent Listeria outbreak. This is why we can't leave it to companies to inspect themselves--why we need the FDA.

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Blog Post | Public Health

Two Years After West Disaster, Are Our Communities Any Safer? | Anya Vanecek

Two years ago today (April 17th, 2013), a fertilizer plant explosion devastated West, Texas. Despite over 350 other preventable chemical accidents since, the EPA has failed to take action to protect our communities from future preventable chemical disasters.

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News Release | U.S. PIRG Education Fund | Democracy

U.S. PIRG Testifies Before FEC, Calls for Broader Disclosure, Closing Easy-to-Game Loopholes

The FEC held a public hearing today to consider updating campaign finance rules in the wake McCutcheon v. FEC. U.S. PIRG Education Fund's Dan Smith testified before the commission, calling to bring dark money expenditures into the light of day, and close loopholes that let big donors circumvent contribution limits.

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News Release | U.S. PIRG | Transportation

Zombie Expressway-What Will it Take to Kill the Illiana Toll Road Once and for All?

Statement by Illinois PIRG Director Abe Scarr on Today’s News that Indiana has Frozen Plans for the Iliana Expressway.

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News Release | U.S. PIRG | Tax

U.S. PIRG PRAISES BIPARTISAN BILL REINTRODUCTION PROHIBITING TAX WRITE-OFFS FOR WRONGDOING

Senators Chuck Grassley (R-IA) and Jack Reed (D-RI) reintroduced The Government Settlement Transparency and Reform Act, which would restrict the ability for corporations to reap massive tax write-offs from payments made to settle allegations of misconduct or criminal wrongdoing.  

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News Release | US PIRG | Budget

U.S.PIRG advises for stronger standards to track state and local economic subsidies

The Government Accounting Standards Board (GASB) called for public comment on proposed rules for reporting on tax abatements that could require states and localities to achieve new levels of checkbook level transparency around economic development programs. Across the U.S. these programs represent tens of billions of dollars in subsidies, often granted with little transparency or accountability for results. In our comment letter to GASB, US PIRG made a few suggestions for amendments that would further strengthen the proposed GASB standards.

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Media Hit | Tax

How Much of Its Record Settlement Will S&P Write Off at Tax Time?

First comes the settlement. Next comes the tax write-off?

Standard & Poor’s Ratings Services on Tuesday announced a record $1.5 billion payout to resolve crisis-era lawsuits with the Justice Department, states and a pension fund over inflated residential mortgage deals. Collectively, the settlement total is 10 times larger than any other previously involving a credit-rating firm.

But how much of the unprecedented round of settlements could end up being written off?

Michelle Surka, a program associate with the nonpartisan consumer advocacy group U.S. Public Interest Research Group, said she thinks she has an answer based on an early analysis: about $290 million.

That’s about a $50 million break on state taxes but also the potential to write down $240 million of federal taxes owed in the more than dozen states involved in the settlement, Ms. Surka said.

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Report | U.S. PIRG Education Fund | Budget, Tax

What America Could Do With $150 Billion Lost to Offshore Tax Havens

Many corporations and wealthy individuals use offshore tax havens—countries with minimal or no taxes—to avoid paying $150 billion in U.S. taxes each year. By shielding their income from U.S. taxes, corporations and wealthy individuals shift the tax burden to ordinary Americans, who must pick up the tab in the form of cuts to public services, more debt, or higher taxes. The $150 billion lost annually to offshore tax havens is a lot of money, especially at a time of difficult budget choices. To put this sum in perspective, we present 16 potential ways that income could be used.

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Report | U.S. PIRG Education Fund | Public Health

Trouble in Toyland 2012

The 2012 Trouble in Toyland report is the 27th annual U.S. Public Interest Research Group survey of toy safety. In this report, U.S. PIRG provides safety guidelines for consumers when purchasing toys for small children and provides examples of toys currently on store shelves that may pose potential safety hazards.

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Report | Ohio PIRG Education Fund | Transportation

Eight Questions about the Future of the Ohio Turnpike

Ohio Governor John Kasich has touted privatization plans for the Ohio Turnpike as a possible way to fund roadway projects around the state that have been stalled by deep budget cutbacks he signed to highway and bridge construction. Ohioans must make sure that eight basic questions have been fully addressed to ensure that fair comparisons are made and hidden costs are considered.

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Report | U.S. PIRG Education Fund | Financial Reform

Big Banks, Bigger Fees

Over the last six months, state PIRG staff conducted inquiries at 250 bank and 116 credit union branches in 17 states and the District of Columbia and reviewed bank fees online in these and 7 other states. They found that free checking remains available at more than 6 out of 10 small banks and credit unions but was only found at one-quarter of surveyed big banks (those with over $10 billion in deposits).

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Report | U.S. PIRG Education Fund, Demos | Democracy

Distorted Democracy: Post-Election Spending Analysis

A new analysis of data through Election Day from the Federal Election Commission (FEC) and other sources by U.S. PIRG and Demos shows how big outside spenders drowned out small contributions in 2012: just 61 large donors to Super PACs giving an average of $4.7 million each matched the $285.2 million in grassroots contributions from more than 1,425,500 small donors to the major party presidential candidates. 

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Blog Post | Consumer Protection

We urge CFPB to add stories to complaint database | Ed Mierzwinski

While Congress gets the bulk of the news, a lot of the work in Washington is done by agencies writing rules or enforcing laws. The rulemaking process is a contentious battle, where powerful special interests mobilize thousands of lawyers and PR flacks to delay or kill efforts to protect consumer, worker and community health and safety or to make markets work. So, we fight back. Yesterday, we urged the CFPB to add consumer stories to its Public Consumer Complaint Database. We've also recently urged other agencies to take action, including asking the DOT to expand airline passenger rights and the FCC to protect a free and open Internet.

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Blog Post | Budget, Tax

Recent Inversion Wave Brings on Slew of Outrage - What's Next? | Jaimie Woo

 

Ten years ago, Republicans and Democrats agreed that corporate tax dodging was a problem, and came together to fix it. But large U.S. corporations got trickier — they sought out new ways to get around paying their taxes on U.S. profits, hiring thousands of tax accountants to take advantage of loopholes in our tax code. The recent fix? Corporate inversions.

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Blog Post | Consumer Protection

CFPB, FTC Take Separate Actions Against Two Illegal Online Payday "Cash-Grab"Schemes | Ed Mierzwinski

Yesterday the CFPB and FTC announced separate actions against two online payday lenders running essentially the same alleged scam. Both "lenders" collected detailed consumer information from lead generation websites or data brokers, including bank account numbers, then deposited purported payday loans of $200-300 into those accounts electronically, and then collected biweekly finance charges "indefinitely,"

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Blog Post | Democracy

Democracy for All | Michael Russo

Yesterday, the U.S. Senate opened debate on a constitutional amendment to overturn Citizens United, the Supreme Court decision that opened the floodgates to big-money campaign cash. Passage of this constitutional amendment would allow limits to be set on large-dollar contributions and campaign spending.

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Blog Post | Consumer Protection

We oppose merger between giants Comcast & Time Warner Cable | Ed Mierzwinski

Along with a number of state PIRGs, we have joined the Consumer Federation of America in a petition to deny the merger of cable/Internet giants Comcast & Time Warner Cable. The petition argues that the FCC must deny the merger, which would perpetuate unrestrained cable price increases, allow terrible service to deteriorate further and stifle innovation.

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Priority Action

The overuse of antibiotics on factory farms is threatening these lifesaving medicines. Call on big restaurants to do their part and stop buying meat raised with critical antibiotics.

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