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News Release | U.S. PIRG Education Fund, Demos | Democracy

"Billion-Dollar Democracy" The Unprecedented Impact of Big Money in 2012 Elections

It took just 32 billionaires and corporations giving Super PACs an average of $9.9 million apiece to match every single dollar given by small donors to Romney and Obama in the 2012 election cycle, according to “Billion-Dollar Democracy,” a new report by U.S. PIRG and Demos. Those small donations amounted to over $313 million from more than 3.7 million individuals.

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News Release | US PIRG Education Fund | Democracy

“Elections Confidential” Report Reveals Role of Dark Money Groups and Shell Corporations in 2012

Mystery donors poured hundreds of millions of dollars into the 2012 elections via dark money non-profit groups and shell corporations, despite widespread public support for disclosure and decades of legal precedent supporting the public’s right to know the sources of election-related spending. A new report from the U.S. PIRG Education Fund and the Center for Media and Democracy found that contributions from phony for-profit corporations accounted for nearly 17 percent of all business donations to Super PACs.

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Report | U.S. PIRG Education Fund | Democracy

Elections Confidential

“Elections Confidential” describes how secret donors poured hundreds of millions into the 2012 election through social-welfare groups that are really political vehicles and via shell corporations formed as conduits to hide a funder’s identity. The first post-Citizens United presidential election cycle was bought and paid for by a handful of wealthy donors, but the corrosive influence of money in politics was amplified by the fact that we don’t know who – or what – actually provided much of the funding.

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Report | U.S. PIRG Education Fund, Demos | Democracy

Billion-Dollar Democracy

The first presidential election since Citizens United lived up to its hype, with unprecedented outside spending from new sources making headlines.

Demos and U.S. PIRG analysis of reports from campaigns, parties, and outside spenders to the Federal Election Commission found that our big money system distorts democracy and creates clear winners and losers.

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Media Hit | Budget, Tax

New York Times: Paying the Price, But Often Deducting It

[T]here’s more than meets the eye to the big legal settlements you’ve been reading about involving some of the nation’s biggest banks. Actually, there’s less than meets the eye. The dollar signs are big, but they aren’t as big as they look, at least for the banks. That’s because some or all of these payments will probably be tax-deductible. The banks can claim them as business expenses. Taxpayers, therefore, will likely lighten the banks’ loads.

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News Release | U.S. PIRG | Democracy

U.S.PIRG urges Senate to ban insider trading

In his State of the Union address, President Obama asked congress to help him clean up the government by sending him a bill that bans the practice of insider trading based on congressional knowledge. Today, U.S. PIRG and other reform groups sent a letter to members of the U.S. Senate urging them to pass the Stop Trading on Congressional Knowledge act when it comes to the floor next week.

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

Nuclear Power Plants Threaten Drinking Water for 49 Million Americans

The drinking water for 49 million Americans could be at risk of radioactive contamination from a leak or accident at a local nuclear power plant, according to a new study released today by Environment America Research & Policy Center and the US Public Interest Research Group Education Fund.

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Media Hit | Safe Energy

KPBS Public Broadcasting: Concern Raised About Calif. Nuke Plants And Water Supply

"For nearly 2.3 million residents of the Southern California region drinking-water supplies are located within 50 of the San Onofre Nuclear Power Plant," said Emily Rusch, CALPIRG's Education Fund State Director. "That's a concern because, as we learned from last year in Fukushima, Japan, drinking water sources can become contaminated in the event of an accident or underground leak."

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Media Hit | Democracy

The Daily Show mentions U.S.PIRG Report: Representation Without Taxation

Massachusetts Senate hopeful Elizabeth Warren and Jon Stewart discussed U.S. PIRG and Citizens for Tax Justice's new report, Representation Without Taxation, on the January 24th edition of the Daily Show. The report outlines the "Dirty 30", corporations that spent more money lobbying congress than they paid in taxes between 2008-2010. U.S. PIRG and CTJ released the report to mark the two-year anniversary of the Supreme Court's Citizens United decision, which opened the floodgates for corporate influence in our government, as well as to highlight the need to fix the tax code to force corporations to pay their fair share.

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News Release | U.S. PIRG | Higher Ed

SOTU: Obama Pushes Low Interest Rates, More Work-Study

In the annual State of the Union Address, President Obama proposed measures to bring relief to almost 8 million students who will see their student loan interest rates double on new loans starting July 1st, 2012.

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