News Releases

News Release | U.S. PIRG | Tax

Last week’s other big bank settlement also shifts burden to taxpayers

Goldman Sachs will be able to take a $420 million tax write off on the bank's FHFA settlement for its mortgage misdeeds. A similar settlement paid in 2010 to the SEC specifically prohibited such tax deductions.

News Release | U.S. PIRG | Tax

Bank of America settlement loophole creates at least $4 billion burden for taxpayers

 The Justice Department allows Bank of America to write off most of its legal settlement for mortgage abuses as a tax deduction, shifting at least $4 billion back onto taxpayers.

News Release | CALPIRG | Public Health

Stop the Superbugs

Doctors across the state today called upon the California legislature to immediately restrict the use of antibiotics on factory farms when animals are not sick. The doctors are part of a nationwide coalition of more than 4,000 medical professionals working against the declining effectiveness of antibiotics due to overuse and misuse.

News Release | CALPIRG | Democracy

Bill to allow California Voters to Take a Stand Against Big Money in Politics Passes Out of Key Comittee

California Assembly Elections and Redistricting Committee passed SB 1272 (Lieu), a bill to put a voter instruction measure on the 2014 ballot that calls for a constitutional amendment of Citizens United vs FEC

News Release | CALPIRG Education Fund | Tax

Study: 70% of Fortune 500 Companies Used Tax Havens in 2013

SACRAMENTO – Tax loopholes encouraged more than 70 percent of Fortune 500 companies – HP, Google, and Apple here in California – to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by CALPIRG Education Fund and Citizens for Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

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Priority Action

The overuse of antibiotics on factory farms is threatening the effectiveness of lifesaving antibiotics. Call on the state Legislature to ban the mass distribution of antibiotics to livestock.

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