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News Release | U.S. PIRG | Higher Ed

Students Endorse New Senate Plan for Affordable Textbooks

Earlier today, Senator Richard Durbin (IL) and Senator Al Franken (MN) introduced the “Affordable College Textbook Act” that aims to make textbooks more affordable for today’s college students.

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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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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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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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Media Hit | Budget, Tax

Washington Post: Government doing more to prevent corporations from deducting settlements

Federal agencies are taking greater steps to prevent companies from claiming tax deductions on settlements reached with the government, though loopholes in the tax code persist, according to a new study by U.S. Public Interest Research Group.

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News Release | U.S. PIRG | Tax

Does UBS Settlement Include $245 Million “Hidden Bank Fee” for Taxpayers?

The following is a statement of Ryan Pierannunzi, Tax and Budget Associate with U.S. PIRG, on the settlement announced today  between UBS and government regulators over the Libor scandal in which UBS and other financial institutions are accused of unlawfully tampering with interest rates. Along with agreeing to this settlement, UBS admitted to charges of fraud. The total settlement amount is $1.5 billion, of which $1.2 billion will be paid to U.S. agencies.

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News Release | U.S. PIRG | Tax

UBS Libor Scandal: Should Taxpayers Have to Pay for Bank Wrongdoing?

The following is a statement of Ryan Pierannunzi, Tax and Budget Associate with U.S. PIRG, on the anticipated upcoming settlement between UBS and government regulators over the Libor scandal in which UBS and other financial institutions are accused of unlawfully tampering with interest rates.

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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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