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News Release | U.S. PIRG | Tax

New Study: 82 of Top 100 Companies Used Tax Havens in 2012

With Congress considering big cuts to public programs, U.S. PIRG released fresh evidence that the vast majority of large companies are dodging taxes by stashing money in offshore tax havens. In a study of the top 100 publicly traded companies, as measured by revenue, the study reveals that 82 maintain subsidiaries in offshore tax havens. Collectively, the companies report holding nearly $1.2 trillion offshore.

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Report | U.S. PIRG | Tax

Offshore Shell Games

This study reveals that tax haven use is ubiquitous among the largest 100 publicly traded companies as measured by revenue. 82 of the top 100 publicly traded U.S. companies operate subsidiaries in tax haven jurisdictions, as of 2012. All told, these 82 companies maintain 2,686 tax haven subsidiaries.

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Blog Post | Democracy

New Wisconsin Bill Would Let the People Decide On Citizens United

Two state legislators have introduced legislation that, when passed, will bring a question to the 2014 ballot on overturning Citizens United and eliminating big money in elections.

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News Release | U.S. PIRG | Higher Ed

Student Loan Deal Passes Senate 81-18, Will Put Students Deeper in Debt

Despite the threat that higher student debt poses to student borrowers, the Senate has twice beaten back attempts to extend the low 3.4 percent interest rate for student loans. Instead, the Senate negotiated a compromise, which passed today, 81-18.

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Blog Post | Consumer Protection

Weird Big Bank Trick Raises Price of Beer and Soda | Ed Mierzwinski

UPDATED: August 8. Many of Enron's schemes involved sham transactions with itself that the SEC alleged had "no economic substance."  Taking a page from Enron's book, mega-bank Goldman Sachs is now moving tons of aluminum around and around its Detroit warehouses in similar transactions without apparent economic substance except to increase Goldman profits while raising costs of beer, soda and other goods relying on aluminum, delaying deliveries and disrupting aluminum markets. At a Senate hearing on the practice, Senator Elizabeth Warren (MA) said: "This movie will not end well."

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News Release | U.S. PIRG | Higher Ed

President to Sign Bill Preventing Student Loan Interest Rates from Doubling

Statement of Rich Williams, U.S. PIRG Higher Education Advocate, on the signing of bipartisan legislation to prevent subsidized Stafford student loan interest rates from doubling:

“Students can breathe a sigh of relief today.  At least for the next year, already debt-strapped students will get a temporary reprieve from doubling interest rates. 

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News Release | U.S. PIRG | Higher Ed

Responding to Students, Congress Extends Low College Loan Rate

Statement of Rich Williams, U.S. PIRG Higher Education Advocate, on the Congressional passage of bipartisan legislation to prevent subsidized Stafford student loan interest rates from doubling:

Congress listened to students and their families and delivered a bill that stops student loan interest rates from doubling. Students already face unprecedented student loan debt and adding an additional $1,000 more would not only crunch individual borrowers, but would have further weighed down the recovering economy. We applaud Congress for coming together to pass this much-needed legislation.

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News Release | U.S. PIRG | Transportation

Transportation Bill is a Step Backwards

Statement by Phineas Baxandall, U.S. PIRG’s Senior Transportation Analyst, regarding the disappointing federal Transportation Bill as released from conference committee today.

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News Release | U.S. PIRG | Health Care

Supreme Court Upholds Health Reform

Today’s decision is good news for consumers. Insurance companies can’t go back to the days of dropping your coverage once you become ill, or denying coverage to sick children. And beginning in 2014, the days of insurers being able to deny anyone coverage for “pre-existing conditions” will be history. 

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

Supreme Court Rejects Opportunity to Revisit Citizens United

Today the  Supreme Court passed on the opportunity to revisit its disastrous 2010 Citizens United decision which is wreaking havoc on democracy and it has done so in a way that avoids giving the American public a much deserved explanation.

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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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