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Blog Post | Financial Reform

House Floor Vote on Budget Delayed over Special Interest "Riders" From Wall Street, Other Powerful Interests | Ed Mierzwinski

UPDATED: Opposition to a controversial provision authored by Citibank forced House leaders to delay consideration of the "CRomnibus" appropriations package just hours before funding for the federal government expired at midnight Thursday. Eventually the bill passed narrowly with the Wall Street provision intact. Action now shifts to the Senate, which has a 48-hour window to pass the bill, but any one Senator can block it under Senate rules. The provision would again allow Wall Street banks to place risky bets with taxpayer-backed funds, and require taxpayers to bail them out if the bets fail, repealing a key protection added in the 2010 Wall Street reform law. 

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News Release | U.S. PIRG | Democracy

Congress considers giving megadonors an even louder voice in our elections

Proposed revisions to campaign finance rules would allow big donors to give over $200,000 to party committees.  

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News Release | U.S. PIRG | Financial Reform

U.S. PIRG Condemns Backdoor, Backroom Appropriations Proposal To Gut Wall Street Reform

We join others, including Americans for Financial Reform and the Leadership Conference on Civil and Human Rights, in condemning this backdoor, backroom appropriations "rider" to weaken the Wall Street reform law's protections for taxpayers and Main Street from the risky derivatives swaps that led to the 2008 financial collapse and recession.

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News Release | U.S. PIRG | Tax

Senator Coburn (R-OK) Slams Corporate Deductions of Legal Damages

Senator Coburn publishes a guide to American taxation that describes how Congress and federal agencies should prevent corporations accused of wrongdoing from writing off their out-of-court settlements as a tax deduction.

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

New Maine Spending Transparency Website Announced in Governor’s Speech

The state of Maine launches a new spending transparency website with many strong features and some significant shortcomings.

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

New Study: Offshore Tax Dodging Blows $40 Billion Hole in State Budgets

With states across the country facing dire fiscal crunches and lawmakers in Washington gearing up for more budget showdowns, U.S. PIRG Education Fund released a new study revealing that state budgets were hit collectively with $40 billion in lost revenue from offshore tax dodging last year.

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News Release | U.S. PIRG | Public Health

Strong Road Safety Laws Compel Toyota to Recall One Million Cars

This recall highlights our continued need for strong public health and consumer safety standards and protections. Our car safety protections achieve the highest standards of excellence in motor vehicle and highway safety, and they work for us every day to prevent crashes and their high human and financial cost.

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News Release | U.S. PIRG | Consumer Protection

Consumer Groups Call on President and Congress to Pursue Strong Consumer Agenda

In joint letters to President Obama and Congressional leaders, eight of the nation’s leading consumer organizations urged policymakers to pursue a strong, robust agenda of consumer reforms.

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News Release | U.S. PIRG | Higher Ed

CFPB Announces Further Investigation of Campus Debit Card and Student Loan Disbursement Practices, Asks for Student Stories

Banks and other financial firms contracted to disburse federal financial aid often charge high and unfair debit card fees. U.S. PIRG applauds the CFPB for redoubling its efforts today to protect students from being nickel-and-dimed out of their financial aid money.

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Blog Post | Transportation

Private High-Speed Rail: A Dangerous Fantasy

The politics of high-speed rail can be bizarre. Few people actually oppose connecting our cities with fast intercity trains. Most of the industrialized world has already shown that the idea is popular and works well. The politicians that do the most to prevent high-speed rail generally claim to be fans of bullet trains who just want the task to be left to the private sector.

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Blog Post | Safe Energy

Maine Approves Historic Law To Reduce Oil Use (Really!)

The politics of Maine's leadership has shifted dramatically in the past few years. The new Tea Party Governor and Republican-dominated legislature have made waves rolling back energy-efficiency rules, making it easier for insurance companies to raise premiums, and making it harder to register to vote. But just in time for Independence Day, Maine has passed legislation putting the state at the cutting-edge for reducing America's unhealthy dependence on oil. This important tool can reduce global-warming pollution and encourage more efficient alternatives to driving.

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Blog Post | Transportation

Needed: Sane Rule About the Privatization of Infrastructure

You'd think the only reason American infrastructure lacks funding was rules preventing private businesses from throwing money at it. Last week Congress introduced a couple of bills to solve this imaginary problem and one that would set some ground rules to protect the public.

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Blog Post | Budget

How Much Did You Pay for Tax Dodging Corporations?

Yesterday, millions of Americans rushed to the post office to file their federal income tax returns. For all of us, the checks we wrote were an average of $434 higher because of the burden we are forced to shoulder for major corporations and wealthy individuals who use offshore tax havens to avoid paying their share.

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Blog Post | Safe Energy

A Disaster's Eerie Echoes

An unexpected series of events leads to an unimaginable environmental disaster. Government and industry officials minimize the threat, saying initially that matters are under control. As events cascade, engineers and officials are forced to resort to increasingly desperate measures to prevent further harm. It is uncanny how closely the script of the Fukushima nuclear disaster in Japan mimics that of the BP oil spill last spring in the Gulf of Mexico.

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