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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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News Release | U.S. PIRG | Tax

With Fiscal Cliff Deal Finalized, Congress Should Close Costly Corporate Tax Loopholes and End Special Interest Handouts

Statement of U.S. PIRG Tax and Budget Advocate Dan Smith on the fiscal cliff deal and the continuing need for tax and budget reforms.

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

Report Exposes How Taxpayers Bear Cost of Corporate Settlements

A report released today spotlights a common practice where corporations that commit wrongdoing and agree to financial settlements with the federal government, go on to claim such settlement payments as tax-deductible business expenses. The new study, released by the U.S. Public Interest Research Group (U.S. PIRG), follows a record year of corporate settlements, while many more settlements relating to banking, environmental, and consumer safety issues are expected.

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Report | U.S. PIRG Education Fund | Budget, Tax

Subsidizing Bad Behavior

BP’s recent $4.5 billion legal settlement with the Justice Department for its misdeeds in the Gulf oil spill was historic for being the largest ever criminal settlement. But it was historic for another reason as well—none of it is allowed to be tax deductible. Unfortunately, too many settlements for wrongdoing end up as tax deductions.

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Wall Street Journal: Consumer Watchdog Readies to Bare Its Teeth

The Consumer Financial Protection Bureau is entering 2013 poised to flex its muscles more vigorously than ever before. [...] The CFPB is "going to be more confident and more aggressive," said Ed Mierzwinski, consumer program director for U.S. Public Interest Research Group, a consumer-advocacy organization.

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News Release | U.S. PIRG | Health Care

House Bill Would Drive Up Health Costs, Restrict Consumers' Choices

H.R. 1213 would hurt consumers by zeroing out the start-up funds needed to get new competitive state health insurance marketplaces off the ground. Delaying the establishment of these exchanges will mean years more of the status quo – a stagnant marketplace with little competition, fewer choices and unchecked premium growth.

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News Release | U.S. PIRG | Tax

Washington, D.C.: Off-Shore Tax Havens Cost U.S. Taxpayers $434 a Year

Major corporations and some individuals avoid as much as $100 billion a year in federal taxes by “off-shoring” the profits they make here in the U.S. or by setting up sham headquarters in tax haven countries.

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News Release | U.S. PIRG | Higher Ed

New in The Huffington Post: Ryan's Budget Is A Wolf In Sheep's Clothing, Preying On Student Aid

Chairman Ryan's budget is a wolf in sheep's clothing. Preying upon genuine concern for our fiscal future, this budget takes direct aim at student aid programs that help job-seekers get the skills, training, and credentials they need to re-enter the recovering workforce.

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News Release | U.S. PIRG | Public Health

Senator Lautenberg Introduces Bill to Protect Public health, Reform Toxics Policy

Senator Frank Lautenberg (D-NJ) today introduced the Safe Chemicals Act – a bill to reform the 1976 Toxic Substances Control Act (TSCA). The Safe Chemicals Act will require safety testing of all industrial chemicals, and puts the burden on industry to prove that chemicals are safe in order to get on or stay on the market.

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News Release | U.S. PIRG Education Fund | Safe Energy

Nuclear Power, Not Worth the Risk

A new report released today by the United States Public Interest Research Group (U.S. PIRG) documents a history of safety problems at nuclear reactors in the United States. These incidents – like the crisis at the Fukushima Daiichi power plant in Japan – illustrate that nuclear power carries with it risks that are simply not worth taking.

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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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