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Media Hit | Budget, Tax

JPMorgan Settlement Truth in Advertising Sought on Taxes

An aspect of U.S. tax law is being criticized by some lawmakers and consumer groups concerned that it may be worth billions of dollars for JPMorgan Chase & Co in negotiations with the Department of Justice.

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Media Hit | Tax

Senate bill targets corporations that deduct settlement payouts

JPMorgan Chase’s pending $13 billion settlement with the Justice Department has revived calls from some in Congress that corporations should be prevented from claiming tax deductions on such deals.

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Media Hit | Tax

We lost our house, the economy crashed, and you made a fortune. How much do we owe you?

JPMorgan should not get taxpayer subsidies for ruining countless people's lives. Its actions were not just the ordinary and necessary cost of doing business.

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News Release | U.S. PIRG | Tax

U.S. PIRG Applauds Bipartisan Bill Barring Tax Write-Offs for Corporate Wrongdoing

 We applaud Senators Reed and Grassley for introducing legislation to address the outrageous tax deductions corporations often take for settlements they pay for harming the public.

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Media Hit | Budget, Tax

Government must shut down corporate tax havens

American citizens continue to bear the brunt of many congressional decisions lately, or perhaps, lack thereof. Congress's inability to grapple with our budget crises ultimately led to a government shutdown and fight over the debt ceiling. Yet one common-sense solution is not difficult to find: stopping the abuse of offshore tax havens that costs us an estimated $150 billion in annual revenue.

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News Release | U.S. PIRG | Democracy

Oregon is 16th State to Call to Overturn Citizens United

After a State Senate vote on July 1, Oregon became the 16th state to call for a constitutional amendment to overturn the Supreme Court’s Citizens United ruling and related decisions.

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News Release | U.S. PIRG | Higher Ed

Interest Rate Doubles for Seven Million Student Loan Borrowers

Due to Congressional inaction, the interest rate on federally subsidized student loans doubled today from 3.4 percent to 6.8 percent. The change will affect seven million students nationwide, and in total the rate increase will hike the cost of students' loans by $7 billion. However, because most new student loans are issued in August and September, Congress can still pass a retroactive fix.  

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News Release | U.S. PIRG | Tax

Oregon Legislature Closes Offshore Tax Loopholes

Oregon's legislature unanimously passed stand-alone legislation to address the growing problem of companies using offshore tax havens to dodge state taxes. The new legislation will treat income that companies list in tax haven countries as domestic income for Oregon tax purposes, saving the state millions in tax revenues.

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News Release | U.S. PIRG | Tax

"Clean Slate" Tax Debate Downplays Importance of Billions Worth of Offshore Loopholes

U.S. PIRG applauds Finance Chairman Baucus and Ranking Member Hatch for challenging lawmakers to justify dozens of tax breaks that benefit well connected special interests at the expense of average taxpayers. As the Senate scours the tax code for wasteful tax breaks for special interests, closing offshore tax loopholes should be at the top of every lawmaker's list.

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News Release | U.S. PIRG | Democracy

Supreme Court Strikes Down Key Section of Voting Rights Act

Yesterday, in Shelby County v Holder, the Supreme Court struck down Section 4 of the Voting Rights Act. Section 4 was a critical piece of legislation that helped ensure the ability of eligible voters to cast a ballot regardless of race, age or gender, and the Court’s decision is a blow to voters’ rights.

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Report | U.S. PIRG Education Fund | Health Care

Health Care in Crisis

Unless the new Congress and Administration act to reduce health care costs, the yearly cost of the average employer-paid family health policy in America is projected to more than double from $11,381 in 2006 to $24,291 by 2016 even after adjusting for inflation. If recent trends continue, wages and household incomes will simply not keep up with these high costs.

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

Economic Stimulus or Simply More Misguided Spending?

President-elect Obama has declared that the next recovery plan must do more than just pump money into the economy. It will also create the infrastructure that America needs for the 21st century. This fall, Congress asked states to submit lists of “ready-to-go” transportation infrastructure projects that could be funded by the stimulus package.

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Report | MASSPIRG Education Fund | Budget

Transparency.gov 2.0

The ability to see how government uses the pub­lic purse is fundamental to democracy. Budget transparency checks corruption, bolsters public confidence in government, and promotes fiscal responsibility. Massachusetts, consistently ranked as a top state for technology industries, should be a natural leader of the Transparency 2.0 movement. But as more and more states upgrade their trans­parency systems, Massachusetts has fallen be­hind the emerging set of best practices.

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Report | MASSPIRG Education Fund | Budget

Transparency.gov 2.0

This report makes the case that in the course of upgrading government IT systems we must seize the opportunity to catch up with a nationwide movement of state and local government to en­hance budget transparency and thereby increase efficiency, accountability, and public trust.

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Report | U.S. PIRG Education Fund | Public Health

Trouble in Toyland

The 2008 "Trouble in Toyland" report is the 23rd annual Public Interest Research Group (PIRG) survey of toy safety. This report provides safety guidelines for parents when purchasing toys for small children and provides examples of toys currently on store shelves that may pose potential safety hazards. We visited numerous toy stores and other retailers to find potentially dangerous toys and identify trends in toy safety. This year, we focused specifically on toys that contain lead and phthalates in our research.

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Blog Post | Financial Reform

Payday lenders seek "get out of regulation free" card | Ed Mierzwinski

Triple-digit APR payday lenders are spending some of their massive profits on a bad legislative proposal, HR 1909, to eliminate any oversight by either state governments or the Consumer Financial Protection Bureau and move them into the arms of the industry-friendly federal bank regulator known as the OCC. Being regulated by the OCC has been a "get out of regulation free" card for the banks, so why not join them?

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Blog Post | Consumer Protection

On the Internet, Everyone Knows If You're A Big Dog, Or Just A Dog | Ed Mierzwinski

A Wall Street Journal story today has everyone talking about how Internet sites use profiles and cookies to offer different customers different offers, or the same product for different prices. On the Internet today, everybody knows whether you're a big dog, or just a dog.

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Blog Post | Consumer Protection

CFPB launches searchable credit card complaint database today | Ed Mierzwinski

Joining agencies that regulate cars, toys and other consumer products, medical devices and airline service, today the Consumer Financial Protection Bureau rolls out a searchable online complaint database. The CFPB's new tool, for credit cards to start,  comes in the nick of time to help consumers who the LA Times warns may be tricked into automatically signing up for an over-priced junky Citibank add-on monitoring service.

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Blog Post | Food

A Farm Bill Boondoggle | Nasima Hossain

The U.S. Senate is on the verge of doubling down on the principle that billions of taxpayer dollars should go to making the largest, most profitable agribusinesses even more profitable.  And despite knowing that many of these subsidies underwrite junk food ingredients like high fructose corn syrup, some Senators are proposing not only to maintain, but actually to expand this wasteful spending. How could this be happening?

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Blog Post | Democracy

Why Target is Still a Target

Two years ago, when Target’s CEO Gregg Steinhafel used corporate general treasury funds to support a group backing a candidate known for his outspoken anti-LGBT positions, it was more than a blemish on the reputation of a corporation that brands itself as progressive. That irresponsible contribution was a violation of both shareholder and public trust and, not surprisingly, it resulted in scandal and boycotts that threatened the assets of shareholders who never authorized the use of their money for political spending

Target learned first-hand what it should have already known: consumers and shareholders do not want corporations to muddy up our democracy by interfering with our elections, yet it has not yet adopted a policy against this spending. Today, at Target’s annual shareholder meeting in Chicago, shareholders will take a vote on a resolution to refrain from political spending to once again remind Target that corporate electioneering is bad for shareholders and is bad for democracy.

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Priority Action

The overuse of antibiotics on factory farms is threatening the effectiveness of lifesaving antibiotics. Call on the Obama administration to put an end to the worst practices.

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