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News Release | U.S. PIRG | Consumer Protection

PIRG Commends Release of Labor Dept.'s Proposed Rule To End Conflicted Retirement Advice

PIRG today commended the public release of the Department of Labor’s proposed rule that would strengthen the ability for Americans to save for retirement by addressing conflicts of interest that arise when brokers and financial advisers give retirement advice. Wall Street will fight the rule hard, because it requires them to put consumers first.

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News Release | U.S. PIRG | Democracy

At Spring Shareholder Meetings, Investors Call for Increased Transparency of Corporate Lobbying and Election Spending

WASHINGTON, D.C. – At more than 100 annual meetings this spring, shareholders will ratchet up the pressure on corporations to disclose information about corporate lobbying and electioneering expenditures so investors can make informed investment choices. Shareholders hope their efforts will not only push these companies to adopt individual disclosure procedures, but also will push the U.S. Securities and Exchange Commission (SEC) to protect all investors with a commonsense rule that requires disclosure of political expenditures by all public corporations.

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

Offshore Tax Havens Cost Small Businesses $3,244 a Year

As tax day approaches, it’s important to remember that small businesses end up picking up the tab for offshore tax loopholes used by many large multinational corporations. U.S. PIRG joined Senator Bernie Sanders, Bryan McGannon of the American Sustainable Business Council, and Bob McIntyre of Citizens for Tax Justice today to release a new study by the U.S. PIRG Education Fund revealing that the average small business owner in 2014 would have to pay an extra $3,244 in taxes to make up for the money lost in 2014 due to offshore tax haven abuse by large multinational corporations. 

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

Picking Up The Tab 2015: Small Businesses Pay the Price for Offshore Tax Havens

Every year, corporations and wealthy individuals use complicated gimmicks to shift U.S. earnings to subsidiaries in offshore tax havens – countries with minimal or no taxes – in order to reduce their federal and state income tax liabilities by billions of dollars. While tax haven abusers benefit from America’s markets, public infrastructure, educated workforce, security and rule of law – all supported in one way or another by tax dollars – they continue to avoid paying for these benefits.

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

Concrete, Fair Reforms Submitted to Senate Finance Committee Working Groups

The U.S. Public Interest Research Group today submitted comments to the Senate Finance Committee’s Business Income Tax and International Tax Working Groups, urging lawmakers to close corporate tax loopholes that allow multinational corporations to avoid U.S. tax. 

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News Release | U.S. PIRG Education Fund | Transportation

Study Shows Driving Decline in America’s Cities

 

A first-of-its-kind report details reduced driving miles and rates of car commuting in America’s most populous urbanized areas, as well as greater use of public transit and biking in most cities.

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News Release | U.S. PIRG Education Fund | Public Health

Trouble in Toyland

 

Washington D.C.,  Nov. 26 –Dangerous or toxic toys can still be found on America’s store shelves, according to U.S. Public Interest Research Group’s 28th annual Trouble in Toyland report.  The survey of hazardous toys found that despite recent progress, consumers must still be wary when shopping this holiday season.

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Media Hit | Budget, Tax

Enriquez, Visco: Tax deduction benefits BP in blast settlement

Many companies deduct the cost of settlement payments for misdeeds like the Texas City disaster as an ordinary business expense.

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Media Hit | Higher Ed

Congressman Rubén Hinojosa Introduces Legislation to Help Make College Textbooks More Affordable

The cost of new textbooks has increased 82%, three times faster than inflation, over the last decade

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

Record-Breaking JPMorgan Settlement Contains Protections for Taxpayers

Now that the DOJ has protected taxpayers by addressing the tax deductibility of the penalties, U.S. PIRG is calling on the agency to be fully transparent as to why the remainder of the settlement is deductible.  If the remaining $11 billion is fully deducted, taxpayers deserve to know why they will end up picking up the tab for almost $4 billion in lost revenue.

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Report | U.S. PIRG | Consumer Protection

Double ATM Fees, Triple Trouble

This PIRG national survey, done in March 2001, compares surcharging and other ATM fee practices at 333 banks and 43 credit unions to the results of six previous PIRG ATM surveys and reports since national surcharging began.

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Report | U.S. PIRG | Higher Ed

Big Loans, Bigger Problems

At the same time that we demand a college education, most students have little option but to take out loans to pay for it. Grants are not keeping pace with the rising cost of higher education, and students are becoming increasingly dependent on loans to pay for college. Students who make the important investment in higher education are graduating with alarming levels of debt.

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Report | U.S. PIRG Education Fund | Financial Reform

Halfway to the CFPB

The CFPB Implementation Team staff are making significant progress in their efforts to both build an effective agency and be ready to perform required functions by the transfer date (July 21, 2011).

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

Trouble In Toyland 2000

This 2000 Trouble In Toyland report is the fifteenth annual PIRG toy safety survey. PIRG uses results from its survey to educate parents about toy hazards and to advocate passage of stronger laws and regulations to protect children from toy hazards. 

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Report | U.S. PIRG | Public Health

Weird Science 2000

Genetic engineering permits scientists to manipulate genetic materials in ways that were once inconceivable. But the technology relies on methods that result in haphazard insertion of genetic elements into a plant's genetic code. This in turn may lead to disruption of complex gene interactions and unintended, potentially catastrophic results. It is a technology that has the power to transform food and the food supply in ways not possible with traditional breeding. Genetic engineering is very different, very powerful and worth a great deal of caution.

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Blog Post | Consumer Protection

Ancient English football club Man U to launch "ugly" IPO under new US law for "emerging" companies | Ed Mierzwinski

The venerable English football club Manchester United, founded in 1878, is expected to file an IPO today under a new U.S. law, the JOBS Act, that passed overwhelmingly because it was intended to help newer, smaller companies go public. Over at The Motley Fool, they say: "Thank the JOBS Act for the Ugliest IPO of the Year."

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Blog Post | Consumer Protection

Emergency-room debt collector pays penalty but says no patient had "problematic interaction"? | Ed Mierzwinski

Last week, Minnesota Attorney General Lori Swanson settled her case with Accretive Health, the debt collector that allegedly acts as a gatekeeper to obtaining emergency-room treatment. The AG's legal filing has  affidavits from 60 victims but in a press release, the debt collector says "the Attorney General did not and could not identify a single patient in Minnesota who experienced a problematic interaction with an Accretive Health employee." Hunh?

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Blog Post | Financial Reform

Wall St. Computers Run Amok and More Friday Financial Follies | Ed Mierzwinski

Will the blowback from Wednesday's Wall Street high-speed trading crash caused by computers running amok revitalize efforts to enact a small tax on stock transactions? Meanwhile, here are the rest of the week's financial follies, finishing with a Funk #49.

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Blog Post | Public Health

Finally Buckyballs Magnets Get Their Just Desserts | Nasima Hossain

The Consumer Product Safety Commission filed suit last Wednesday to stop the company that distributes the popular Buckyballs magnets from selling the product. This is a product that consumer advocates have been concerned about for years.

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Blog Post | Public Health

HR 4078 - A Bill that will Shutdown all Public Health and Consumer Safeguards | Nasima Hossain

HR 4078 yesterday passed a floor vote in the House. If passed by Congress this bill will shut down the U.S. regulatory system as we know it. Two other equally hazardous bills are rolled into it, H.R. 4607 and H.R. 3862. Combined, these bills will halt or delay virtually ALL rulemaking and public health protections and do absolutely nothing to stimulate the economy or new job opportunities. They would shut down safeguards that Americans take for granted.

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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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