Financial Reform

Report | U.S. Public Interest Research Group and National Taxpayers Union | Financial Reform

Toward Common Groud: Bridging the political Divide to Reduce Spending

The U.S. Public Interest Research Group (U.S. PIRG) and National Taxpayers Union (NTU) have joined together to propose a list of 30 specific recommendations to reform our future spending commitments. If enacted in their entirety, these changes would save taxpayers over $600 billion in total by 2015, the target date for the Fiscal Commission to reduce our publicly-held debt-to-GDP ratio to a more sustainable level of 60 percent. While our organizations have often differed about the proper regulatory scope of government and a host of tax policies, we are united in the belief that we spend far too much money on ineffective programs that do not serve the best interests of the American people.

News Release | U.S. PIRG | Financial Reform

Improved Financial Reform Bill Moves to Senate Floor

Statement of Consumer Program Director Ed Mierzwinski: “The U.S. Public Interest Research Group applauds Chairman Christopher Dodd and a majority of the Senate Banking Committee for Monday evening’s vote to move a Wall Street reform package to the Senate floor. It’s been over a year and a half since taxpayers bailed out the Wall Street bankers after their reckless actions ravaged our economy and cost us our jobs, our retirement income and our homes. The prospect of floor action, while overdue, is welcome. U.S. PIRG and the state PIRGs will work to ensure that this package is improved in the floor voting expected before Memorial Day."

News Release | MoPIRG | Financial Reform

U.S. PIRG Applauds White House Changes to Stimulus Lobbying Rules

On Friday May 29th the White House announced a series of changes to the President’s March 20, 2009, Memorandum on Ensuring Responsible Spending of Recovery Act Funds.

News Release | U.S. PIRG | Financial Reform

Bailout Briefing #5: Death, Taxes and TARP

"In this world nothing can be said to be certain, except death and taxes." So wrote Benjamin Franklin. 

If he were here today, Franklin might be surprised to see how some of the largest federal bailout recipients are coming dangerously close to disproving his adage. They are defying insolvency and avoiding taxes, at the same time and on the taxpayer’s dime. 

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