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News Release | US PIRG | Tax

S&P Settlement Could Leave Taxpayers Partly Underwater Again

Standard & Poor’s (S&P), the bond-rating agency whose past practices have been tied to the mortgage crisis, is in negotiations with the U.S. Justice Department to settle allegations of civil fraud with a payout of over $1 billion. Unless the Justice Department specifically forbids it, the deal could allow S&P to claim the payment as a deductible business expense worth more than $350 million.

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News Release | U.S. PIRG | Consumer Protection

House Passes Two Bills Favored By Wall Street, Harmful to the Public

Statement of Consumer Program Director Ed Mierzwinski: "This week, the U.S. House of Representatives passed two awful bills on behalf of Wall Street and the U.S. Chamber of Commerce. One bill weakens important 2010 financial system reforms designed to prevent another financial system collapse like the one in 2008 that occurred due to Wall Street malfeasance. The second imposes massive roadblocks in front of any agency, from EPA and FDA to the financial regulators, seeking to protect the public's health, safety or wallets. We will seek to block these bills in the Senate and at the White House."

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News Release | U.S. PIRG | Consumer Protection, Higher Ed

USPIRG LAUDS CFPB SAFE STUDENT BANKING INITIATIVE

WASHINGTON, DC --   Today the Consumer Financial Protection Bureau launched an initiative to protect students from the high banking fees and aggressive marketing surrounding campus bank accounts.

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News Release | U.S. PIRG | Democracy

Study Shows Big Donors Dominated Competitive 2014 Congressional Races

U.S. PIRG today released a new study, “The Money Chase: Moving from Big Money Dominance in the 2014 Midterms to a Small Donor Democracy,” at a joint research summit with seven other major money in politics organizations. The study, which was written by U.S. PIRG and Demos, found that the top two vote-getters in the 25 most competitive districts in 2014 got 86 percent of their campaign contributions from individuals giving $200 or more. Only two of the 50 candidates surveyed raised less than 70 percent of their individual contributions from big donors, and seven relied on big donors for more than 95 percent of their individual contributions. 

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Report | U.S. PIRG and Demos | Democracy

The Money Chase

Five years after the Supreme Court’s 2010 Citizens United v. FEC decision, what are the roles of large donors and average voters in selecting and supporting candidates for Congress? This report examines the role of money in the 2014 congressional elections from both quantitative and qualitative perspectives, and demonstrates how matching small political contributions with limited public funds can change the campaign landscape for grassroots candidates.

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

President Obama Poses Question: “Why Protect Special Interest Tax Breaks?”

Tonight, President Obama rightly called on Congress to close tax loopholes that allow wealthy special interests to shirk their tax burden at the expense of the public. The first loopholes to go should be those that allow corporations and wealthy individuals to use accounting gimmicks to stash their income in offshore tax havens.

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

New Legislation to Close Offshore Tax Loopholes Would Save Taxpayers $200 Billion

The CUT Loopholes Act would close a myriad of the most egregious offshore tax loopholes. This legislation is based on the premise that if a U.S. company earns profits here in the U.S., with the benefit of America’s educated workforce, infrastructure, and large consumer base, it should pay taxes in America, like small businesses and everyday taxpayers.

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News Release | U.S. PIRG and NCLC | Consumer Protection, Financial Reform

New FTC Study Points to Much-Needed Reforms for Credit Reporting Industry

Advocates from the National Consumer Law Center and U.S. PIRG lauded the findings of a Federal Trade Commission study made public today that confirms their own findings that credit reports are riddled with errors. The groups also urged the Senate to confirm a full-term director of the Consumer Financial Protection Bureau (CFPB) to eliminate any uncertainty over the CFPB’s supervisory authority to examine credit bureau operations and order reforms.

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

New Bill Will Stop Companies from Stashing Profits in Tax Havens, Raise $600 Billion in Tax Revenue

Ordinary taxpayers foot the bill for this corporate tax dodging in the form of cuts to public programs, more debt, or higher taxes. This legislation tackles the heart of the problem by ending incentives to shift profits offshore.

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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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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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Priority Action

We're teaming up with big restaurant chains to stop the overuse of antibiotics on factory farms. Call on KFC to stop selling meat raised on routine antibiotics.

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