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News Release | U.S. PIRG | Tax

160,000 Tell D.O.J. to Prevent JPMorgan Tax Deduction for Mortgage Wrongs

U.S. PIRG delivered 160,000 petitions to the Department of Justice demanding that they do not allow JPMorgan to write off their expected $9 billion settlement for mortgage lending abuses on their taxes. If the bank is allowed to deduct the settlement, over $3 billion in costs could shift to taxpayers.

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Blog Post | Consumer Protection

Will U.S. Trade Deal With Europe Eliminate Consumer Protections? | Ed Mierzwinski

Tomorrow, Tuesday, on Election Day, Washington State voters will consider the question "Yes On 522: To Label Genetically-Modified Foods." The right to choose your food is a right that American consumers want and every European citizen already has. But at the behest of the powerful agribusiness industry, U.S. trade negotiators want to take it away from all of us on both sides of the Atlantic in a secret deal. U.S. PIRG is among the consumer groups pushing back.

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Report | U.S. PIRG Education Fund | Food

Food Safety Scares 2013

This report offers a snapshot look, from October 2012 to October 2013, at multistate foodborne illness outbreaks identified by the Center for Disease Control and Prevention (CDC). Failures in the rules and processes that protect our food supply have led to numerous serious outbreaks over the past year that left many Americans sickened and at least 2 dead. The economic cost of just the multistate outbreaks caused by food products recalled over the past 12 months comes to more than $22 million.

 

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Media Hit | Tax

JPMorgan pact draws fire

The $13 billion settlement with JPMorgan Chase is drawing some bipartisan fire in Congress where lawmakers say it could leave taxpayers on the hook.

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News Release | US PIRG Education Fund | Democracy

“Elections Confidential” Report Reveals Role of Dark Money Groups and Shell Corporations in 2012

Mystery donors poured hundreds of millions of dollars into the 2012 elections via dark money non-profit groups and shell corporations, despite widespread public support for disclosure and decades of legal precedent supporting the public’s right to know the sources of election-related spending. A new report from the U.S. PIRG Education Fund and the Center for Media and Democracy found that contributions from phony for-profit corporations accounted for nearly 17 percent of all business donations to Super PACs.

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Media Hit | Budget, Tax

New York Times: Paying the Price, But Often Deducting It

[T]here’s more than meets the eye to the big legal settlements you’ve been reading about involving some of the nation’s biggest banks. Actually, there’s less than meets the eye. The dollar signs are big, but they aren’t as big as they look, at least for the banks. That’s because some or all of these payments will probably be tax-deductible. The banks can claim them as business expenses. Taxpayers, therefore, will likely lighten the banks’ loads.

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News Release | U.S. PIRG | Public Health

FDA Protects Public by Releasing Two Long-Delayed Food Safety Rules; Five Critical Rules Still Yet To Be Released

After a one-year delay, the FDA finally released two vital food safety rules that will help protect American consumers from unsafe and contaminated food. The proposed rules will improve the safety of produce and establish better preventative controls and practices in food manufacturing.


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

Do New Mortgage Settlements Contain a Hidden $7 Billion Tax Subsidy for Banks?

Unless federal agencies prevent it, the banks in yesterday's settlement announcements will likely write off the penalties on their taxes, effectively forcing ordinary taxpayer to provide $7 billion in tax subsidies for their wrongdoing.

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Mortgage settlement will send billions to struggling homeowners

Almost 4 million homeowners might receive cash compensation and mortgage relief in a multi-billion-dollar settlement with 10 major banks, government regulators announced Monday. [...] “The money is grossly inadequate for homeowners, and the program will require careful oversight to ensure that all homeowners harmed get a fair chance at benefits,” said Ed Mierzwinski, the consumer program director for U.S. PIRG, a nonprofit advocacy group.

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Report | U.S. PIRG | Consumer Protection

Mistakes Do Happen 1998

This is the PIRGs' sixth study on credit report accuracy and privacy issues since 1991. This report is our first investigation of credit report accuracy since 1996 Congressional changes to the federal Fair Credit Reporting Act (FCRA), designed to improve the accuracy and ease of access to reports, took effect in September 1997. The findings of Mistakes Can Happen are troubling. An alarming number of credit reports contain serious errors that could cause the denial of credit, a loan, or even a job. Further, some consumers never even received their reports, even after repeated calls. 

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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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