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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 | Tax

Tax deal to put grab bag of tax breaks on the nation's credit card

U.S. PIRG urged the Senate to reject the House’s proposed one-year retroactive tax extender package, which would add approximately $45 billion to the federal deficit, while overwhelmingly catering to special interests and failing to prioritize public benefits

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Blog Post | Budget, Tax

The Country Has Spoken | Jaimie Woo

While the dust is still settling from the mid-term elections and the pundits are trying to figure out what it all means, the American people have made their collective voices heard and delivered a message that they do not like the country's direction. Exit polling data from Election Day showed clear majorities in against growing corporate influence on the political process and in favor of greater corporate accountability. The message is clear: inversions must stop, corporate tax avoidance must end, and special corporate loopholes must close.

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

U.S. PIRG Urges Treasury Department to Expand Ruling on Inversions

 

Washington, D.C. – The U.S. Public Interest Research Group today submitted comments to a ruling issued by The Department of Treasury on corporate inversions. The guidance, released in September, laid out a number of reforms to curb inversions including regulations on “hopscotch” loans and “de-controlling” strategies.

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Report | U.S. PIRG Education Fund | Consumer Protection

Trouble in Toyland 2014

Among the toys surveyed this year, we found numerous choking hazards and five toys with concentrations of toxics exceeding federal standards. In addition to reporting on potentially hazardous products found in stores in 2014, this installment of the report describes the potential hazards in toys and children’s products.

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Why consumer agency must go, and why it should be saved

"If the Consumer Financial Protection Bureau disappeared tomorrow, would anyone notice? What is expected to be a contentious Senate Banking Committee confirmation hearing [today] for Rich Cordray, who has been temporarily leading the bureau, offers an opportunity to examine the need for a federal agency designed to protect consumers in their financial dealings." Bob Sullivan of NBC's Red Tape Chronicles interviews U.S. PIRG's Ed Mierzwinski and George Mason's Todd Zywicki.

 

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News Release | U.S. PIRG | Consumer Protection

During National Consumer Protection Week, Consumer Advocates Warn About Harms of Forced Arbitration

In celebration of National Consumer Protection Week, U.S. PIRG joins other consumer groups in calling for elimination of forced mandatory arbitration clauses. "More than ever, consumers are forced to surrender their rights every time they obtain a product or service, including credit cards, checking accounts, cell phone service and even jobs. To truly honor and recognize the importance of consumer protection laws, it is time for Congress and federal agencies to eliminate forced arbitration."

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News Release | U.S. PIRG | Public Health

REINS Bill Would Dismantle America’s Public Health and Consumer Protections

“The REINS Act (H.R. 367) would block enforcement of existing health and safety laws by creating new bureaucratic hurdles and impossibly short timelines for approval of critical rules. This bill poses a grave threat to the health and safety of the American people.

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

BP Trial Decision May Hinge on Tax Deductibility

The high-stakes negotiations between BP and the Justice Department may depend on how determined the Department is to protect taxpayers from subsidizing a settlement. In the past, agencies have allowed companies to write off legal settlements over wrongdoing as a tax deduction. Doing so forces taxpayers to ultimately foot the bill for these deductions. Every dollar these companies avoid paying gets made up through cuts to public programs, higher national debt, or increases to other taxes.

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The Consumer Financial Protection Bureau Under Attack

Listen to U.S. PIRG's Ed Mierzwinski debate Diane Katz of the Heritage Foundation on whether the landmark, PIRG-backed Consumer Financial Protection Bureau should be weakened as a condition of Senate confirmation of its director, Richard Cordray to a full term. The hour-long broadcast begins with an interview with Washington Post reporter Danielle Douglas.

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Blog Post | Public Health

Toxic Toys Found at Houston Port | Nasima Hossain

An article published in the Houston Chronicle on Monday, January 23rd, revealed that 25,000 children’s toys have been confiscated at the Port of Houston in the past two years, because the U.S. Consumer Product Safety Commission found them to be unsafe.

 

 

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Blog Post | Financial Reform

CFPB's Cordray to Highlight Achievements/Goals Today In Senate | Ed Mierzwinski

The Senate Banking Committee will hold an oversight hearing today at 10 am (live video) on the Consumer Financial Protection Bureau's semi-annual report to Congress. The witness will be CFPB director Rich Cordray, who received a PIRG-backed recess appointment from the President on January 4th. Expect some CFPB opponents on the committee to boycott; others to show up.

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Blog Post | Consumer Protection

Watch for fake 5.0 user ratings on merchant sites; and watch out for efforts by doctors, others to block real ratings, too | Ed Mierzwinski

Some user reviews on the Internet are written by sockpuppets paid by the website; in other cases, consumers are given inducements to write good reviews (New York Times). Meanwhile, doctors, especially, are trying to use copyright law to "squelch" valid reviews from patients (Washington Post). Either way, watch out.

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Blog Post | Public Health

Supreme Court Puts Sick Cows Back on the Menu

On Monday the Supreme Court overturned a California law that required the euthanization of downed livestock at federally inspected slaughterhouses to keep this meat out of the nation’s food system.

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Blog Post | Tax

What Do Jon Stewart, Elizabeth Warren, and Barack Obama Have In Common? | Dan Smith

All three of them spoke out this week against corporate tax dodging.

In his State of the Union speech, President Obama called for an economy where “everyone plays by the same set of rules” and where companies can’t avoid taxes by shifting profits overseas. That same night, Massachusetts Senate candidate Elizabeth Warren went on the Daily Show and called out 30 corporations that a recent U.S. PIRG and Citizens for Tax Justice study found paid more to lobby Congress than they did in federal income taxes. When Warren told this to John Stewart on the Daily Show, it made the usually unflappable comedian’s jaw drop.

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