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Report | Florida PIRG Education Fund and Citizens for Tax Justice | Tax

OFFSHORE SHELL GAMES 2015

U.S.-based multinational corporations are allowed to play by a different set of rules than small and domestic businesses or individuals when it comes to the tax code. Rather than paying their full share, many multinational corporations use accounting tricks to pretend for tax purposes that a substantial portion of their profits are generated in offshore tax havens, countries with minimal or no taxes where a company’s presence may be as little as a mailbox. Multinational corporations’ use of tax havens allows them to avoid an estimated $90 billion in federal income taxes each year.

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Blog Post | Consumer Protection

House holds stacked hearing to attack retirement savings rule proposal | Ed Mierzwinski

The House Financial Services Committee is holding a typically stacked hearing -- one consumer-side witness against four Wall Street-backed lobbyists  -- to attack the important retirement savings rule proposed by the Department of Labor. The rule simply requires retirement advisors to put the customer's needs  -- not their own compensation -- first.

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Blog Post | Consumer Protection

Court Reinstates Case Against Bank That Aided Senior Citizen Fraud | Ed Mierzwinski

This week, the 3rd Circuit, U.S. Court of Appeals overturned a lower court decision that had denied class action status to victims of a scheme targeting senior citizens who were suing Zions Bank and its payment processor affiliates for aiding the fraudsters. U.S. regulators led by the Department of Justice have been fighting this and similar schemes, yet powerful special interests have managed to create a false narrative in Washington, DC that has been picked up by opponents of consumer protection laws. They falsely claim that the government's target is "legitimate" payday lenders and gun dealers. Wrong, the target is financial crimes against consumers, many consumers.

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Blog Post | Consumer Protection

IRS Admits Data Breach Worse Than Thought, Will Congress Do Wrong Thing Anyway? | Ed Mierzwinski

This week, the IRS has admitted that thieves accessed the personal information -- enough to allow them to take your tax refund -- of an additional 220,000 taxpayers, on top of the 114,000 reported in May. Meanwhile, we remain  concerned that Congress will use continued publicity about the Target breach and other breaches as an excuse to pass dangerous data security legislation. Dangerous? Yes, because it would only protect against limited financial identity theft harms, but eliminate stronger state protections against the harms posed by the IRS breach, the health insurance breaches and the OPM breach.

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Blog Post | Consumer Protection

House To Vote On Godzilla-Sized Rule Blocker, As Financial Committee Considers Smaller Rollbacks | Ed Mierzwinski

UPDATED: REINS Approved, near party line vote. Today, the House Financial Services Committee takes up a package of smaller rollback bills, many of which are opposed by Americans for Financial Reform and the PIRGs. Meanwhile, the House will bring up the Godzilla of all anti-health and safety bills, the REINS Act. Fortunately, the President has promised a veto.

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News Release | Florida PIRG | Democracy

Momentum Builds for Public Funding of Congressional Elections

The time is right to implement the public funding of congressional campaigns, thereby making Congress more accountable to voters, according to a report released today by a coalition of public interest groups.

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News Release | Florida PIRG | Consumer Protection

New Report Links Toxic Pollution with Health Hazards as EPA Acts to Restrict Pollution Data

Exposure to dangerous toxic pollution from industrial facilities threatens communities all across Florida, according to a new report. The report, Toxic Pollution and Health, uses information from the federal Toxic Release Inventory (TRI) to analyze toxic pollution linked to serious health problems such as cancer, birth defects or neurological damage. Due to a recent EPA action restricting the public’s right to know, today’s report may provide one of the last complete pictures of toxic pollution in Florida.

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News Release | Florida PIRG | Consumer Protection

House Fails to Strengthen Weak Chemical Security Program

The House today failed to strengthen a weak chemical security program crafted behind closed doors and attached to the Homeland Security funding bill. The vote came on a procedural motion to limit debate and amendments to the funding bill and effectively prevented consideration of an amendment by Representative Sabo (MN) to dramatically improve the underlying chemical security provisions.

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News Release | Florida PIRG | Consumer Protection

Taxpayers Pay To Clean Up After Polluters At Nation's Toxic Waste Sites

American taxpayers will pay more than $1.2 billion to clean up after polluters at Superfund toxic waste sites across the country in 2006, according to a new analysis released today by the Florida Public Interest Research Group. This marks the 11th year that taxpayers will pay to protect the health of the one in four Americans living within four miles of a Superfund site instead of polluters, as the program intended.

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