What's New

News Release | U.S. PIRG | Tax

US regulators to strike forex settlement, but will they strike out tax deductions from the deal?

Federal agencies are preparing to settle with several big banks to resolve charges that they manipulated foreign currency exchange rates. Will those banks be allowed to write off the settlement payments as a tax deduction? If so, much of the costs of the payment will be shifted back onto taxpayers.

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News Release | U.S. PIRG | Tax

Statement from U.S. PIRG about agency attempts to toughen up bank settlements

Statement regarding indications some federal agencies may reopen old banking settlements, as reported in yesterday’s New York Times. The SEC is similarly reportedly delaying the final execution of August’s announced $16.65 billion settlement with Bank of America while deliberating about issuing waivers that would soften regulatory repercussions of the deal.

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Media Hit | Tax

Too Big to Tax: Settlements Are Tax Write-Offs for Banks

“When people hear that this stuff is deductible, it just feels like adding insult to injury,” says Phineas Baxandall, a senior policy analyst and tax specialist at U.S. PIRG, a left-leaning consumer protection research group that has written reports on the tax deductions. “And when it’s not transparent, it’s shady.”

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Blog Post | Budget, Tax

It's Not Over Yet | Jaimie Woo

There are 12 days left before the 2014 election, and campaign efforts have hardly let up. Last-minute donations are flooding in, canvassers are knocking on doors, and organizations are registering young people to vote.

But after November 4, Congress will reconvene, and their work will be far from over.

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News Release | U.S. PIRG | Public Health

New Poll Reveals Overwhelming Majority of Doctors Concerned About Antibiotics Use on Healthy Food Animals

The overwhelming majority of doctors -- a total of 93 percent -- are concerned about the common meat industry practice of using antibiotics on healthy animals for growth promotion and disease prevention, according to a new poll released today commissioned by Consumer Reports and released by Consumers Union and U.S. PIRG.

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Media Hit | Financial Reform

JPMorgan Chase is sued in 2008 Bear Stearns mortgage case

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News Release | U.S. PIRG | Consumer Protection, Higher Ed

As Fall Financial Aid is Disbursed, Senator Issues Urgent Warning to Students Using Campus Debit Cards

Senator Sherrod Brown (OH), Chairman of the Senate Banking Subcommittee on Financial Institution and Consumer Protection, issued an urgent warning to students receiving financial aid in the next two weeks that predatory bank fees can quickly cut into their college money.

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News Release | U.S. PIRG | Budget

Small Farmers and Citizens Speak Out Against Agricultural Subsidies in Farm Bill

Washington DC, Sep. 10 –Small farmers and ordinary citizens across the country are taking a stand against wasteful agricultural subsidies in the federal Farm Bill. With only a few weeks left before they adjourn for the election, reauthorizing or extending the Farm Bill is one of Congress’s top priorities.

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

Aggressive New Stance by Justice Department on BP Spill Offers Little-Known Benefit for Taxpayers

Statement of Ryan Pierannunzi, U.S. Public Interest Research Group Tax and Budget Associate, on the Department of Justice's August 31 court filing that charges BP with gross negligence for its role in the Deepwater Horizon disaster, which may impact the tax-deductibility of a future settlement and protect the public from having to pick up the tab.

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News Release | Florida PIRG Education Fund | Democracy

Florida Victory For Young People

Civic groups and Florida voters won a huge victory when a federal judge indicated he will permanently remove some of the most restrictive parts of Florida’s new voter registration laws, which have made it harder for student governments and civic groups to help register young people to vote. 

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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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