Tax

A New Direction In Driving Trends

After a 60 year boom, driving is on the decline in the U.S. and no likely scenario shows it returning to previous levels of growth. 

News Release | ConnPIRG | Tax

First Step to Avoid the Fiscal Cliff: Close Offshore Tax Loopholes

With Congress scrambling to agree on ways to reduce the deficit, ConnPIRG pointed out a clear first step to avoid the “fiscal cliff”: closing offshore tax loopholes. Many of America’s largest corporations and wealthiest individuals use accounting gimmicks to shift profits made in America to offshore tax havens, where they pay little to no taxes. This tax avoidance costs the federal government $150 billion in tax revenue each year.  ConnPIRG released new data illustrating the size of this loss with 16 dramatic ways $150 billion could be spent.

Report | ConnPIRG | Tax

What America Could Do with $150 Billion Lost to Offshore Tax Havens

Many corporations and wealthy individuals use offshore tax havens—countries with minimal or no taxes—to avoid paying $150 billion in U.S. taxes each year.

Issue | Budget, Tax

Close Corporate Tax Loopholes

Making corporations pay the taxes they owe.

News Release | Tax

House Committee Approves Cut to Agriculture Subsidies

Statement of U.S. PIRG Public Health Advocate Elizabeth Hitchcock on the House Appropriations Committee’s vote to approve an amendment to the 2012 Agriculture appropriations bill  to limit agriculture subsidies called direct payments to farmers with adjusted gross incomes lower than $250,000.

Report | Tax

Tax Shell Game: How Much Did Offshore Tax Havens Cost You in 2010?

Tax havens are countries with minimal or no taxes, to which U.S.-based multinational firms or individuals transfer their earnings to avoid paying taxes in the United States. Users of tax havens benefit from access to America’s markets, workforce, infrastructure and security, but pay little or nothing for it—violating the basic fairness of the tax system.

Media Hit | Tax

CT News Junkie: Report: Connecticut Failing on Spending Transparency

The second annual “Following the Money” report by the Connecticut Public Interest Research Group gave the state failing marks on government transparency due to its lack of internet information on government spending.

News Release | Food, Tax

Obama Budget Proposes Important First Cuts to Ag Subsidies

Statement of ConnPIRG Federal Public Health Advocate Elizabeth Hitchcock on the President’s proposed 2012 budget, which includes more than $1 billion in cuts over five years to agriculture subsidies that are achieved by reducing the cap on Department of Agriculture direct payments and tightening eligibility standards.

News Release | Democracy, Financial Reform, Tax

Foreign Funds in American Elections

This week we learned that the U.S. Chamber of Commerce could be using money from foreign corporations to fund attack ads in our elections. According to reporting released by Think Progress, the U.S. Chamber of Commerce, collects hundreds of thousands of dollars from foreign owned businesses, including companies owned by foreign governments. The Chamber has already run more than 8,000 attack ads and according to the Washington Post, the U.S. Chamber of Commerce “vows to spend $75 million or more on November's midterm election cycle.”

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