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Blog Post | Public Health

House's New Target: All Health, Safety, Financial Protections | Ed Mierzwinski

Following their embarrassment a few weeks ago when a vote on Wall Street rollbacks using "name that post office" procedures failed, the good news is that House leaders are taking a hiatus from attacking financial reform directly this week. The bad news: instead, the House plans to move two proposals placing roadblocks in front of any agency -- from FDA and EPA to the CFPB -- seeking to establish public health, safety or financial safeguards. We're on the case.

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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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Media Hit | Tax

When Company Is Fined, Taxpayers Often Share Bill

U.S. PIRG analysis and quotes featured in the New York Times Business Day section.

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

New Report Ranks 70 Major American Cities’ Tech Transportation Options

A new report from the U.S. PIRG Education Fund and Frontier Group shows how well American cities are using technology-enabled services and tools for their transportation needs. It ranks major American cities on the number of different types of new transportation technology options in the city.

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News Release | U.S. PIRG | Budget, Tax, Transportation

Obama Budget Closes Tax Loopholes, Cuts Wasteful Spending, but Falls Short of Ending Offshore Tax Dodging

"President Obama’s budget deserves praise for closing egregious offshore tax loopholes and preventing companies with enough lawyers from using tax havens to get their tax bill down to zero. Unfortunately it fails to end the incentive for wealthy multinationals to take advantage of tax havens, and would fall short of putting an end to offshore tax dodging.

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News Release | U.S. PIRG | Higher Ed

Ryan Budget Devastating to Pell, Windfall for Special Interests

Chairman Ryan's proposal recommends slashing Pell Grants which help more than 9 million students pay for college at a time of rising college costs, tight family finances and a job market that increasingly requires post-secondary education.

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News Release | U.S. PIRG | Budget

Report Card Ranks 50 States on Transparency of Spending

In Following the Money 2012: How the States Rank on Providing Online Access to Government Spending Data, researchers at the United States Public Interest Research Group (U.S. PIRG) graded all 50 states on how well they provide online access to information about government spending. States were given “A” to “F” grades based on the characteristics of the online transparency systems they have created to provide information on contracts, subsidies and spending at quasi-public agencies.

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News Release | U.S. PIRG | Higher Ed

Students To Congress: Don’t Double Student Debt Rates

Washington, D.C. – With the student loan interest rate about to double this July for almost 8 million loan borrowers, US PIRG and coalition partners deliver over 130,000 letters to Congress urging a different plan.

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News Release | Budget

WISPIRG Report: Taxpayer Protections at Risk

As the Wisconsin state senate and assembly consider bills removing the requirement for cost benefit analyses for all WISDOT projects over $25,000, a new WISPIRG report finds that numerous government ventures in privatizing or outsourcing public work have ended up being a bad deal for taxpayers and costing more in the long run.

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News Release | U.S. PIRG | Health Care

New Health Exchange Rules Help States Move Forward

The rules released today by the federal Department of Health and Human Services put states in the driver’s seat when it comes to setting up new health benefits exchanges.  

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DEFEND THE CFPB

Tell your senators to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

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