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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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News Release | U.S. PIRG | Public Health

Some Good, Some Bad in Obama Executive Order on Protecting Antibiotics

Today, President Barack Obama issued an Executive Order – Combating Antibiotic Resistant Bacteria. While the order takes several important steps necessary to control the spread of antibiotic-resistant bacteria, it misses the opportunity to call for critical reforms in the agricultural sector that are essential to protect public health.

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News Release | U.S. PIRG | Transportation

New Study Identifies Eleven Highway Boondoggles Across the Country

A new report by the U.S. PIRG Education Fund identifies 11 examples of wasteful highway spending that are slated to cost at least $13 billion and are based on outdated assumptions of ever-increasing driving. The study calls on the federal and state governments to reprioritize scarce transportation dollars to other projects.

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News Release | U.S. PIRG | Tax

Taxpayers Will Bear Nearly $200 Million of Friday’s HSBC Settlement

Friday’s $550 million settlement between the Federal Housing Finance Agency (FHFA) and HSBC North American Holdings Inc. can be treated as a tax write-off by the bank, shifting $192.5 million onto taxpayers. Because the FHFA did not specify that the settlement payment cannot be treated as a regular business expense, HSBC will be able to deduct the entirety of the $550 million payment.

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

New Report Shows Problems with Widely Used Local Economic Development Tool

A new research report released today outlines problems with the growing trend among cities to borrow against future growth and divert tax revenues as a way to attract economic development.

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News Release | U.S. PIRG | Tax

New Report from Senator Levin Affirms Repatriation Holiday Would Fatten CEO Wallets, Not Create Jobs

Senator Levin’s new report reaffirms that rewarding companies that artificially shifted profits overseas with special tax treatment is a wasteful giveaway to corporate executives that sacrifices deficit reduction for no public benefit to the economy.

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

Data Shows One out of every Nine Bridges in America Remain Structurally Deficient on Eve of Obama Bridge Speech

With President Obama calling for robust investments in repairing America’s crumbling roads and bridges today, State PIRGs released data today documenting the number of “structurally deficient” bridges in seven states.

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Media Hit | Food

Fox News: New Report Links Agricultural Subsidies to Childhood Obesity

A report by the U.S. Public Interest Research Group, or U.S. PIRG, titled “Apples to Twinkies: Comparing Federal Subsidies of Fresh Produce and Junk Food” found that between 1995 and 2010, the U.S. has spent more than $260 billion on agricultural subsidies.

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News Release | U.S. PIRG | Transportation

Obama: Put People to Work Rebuilding America

President Obama was right to call for bold new investments in our outdated transportation infrastructure. Fixing our roads and building new railways won’t just put thousands of unemployed construction workers back to work now; it will allow America to meet the demands of a competitive 21st century economy.

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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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