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Media Hit | Tax

Look offshore to avert the fiscal cliff

There are better ways to use $150 billion than having it sit in a P.O. box in the Caymans. With the fiscal cliff on the horizon, closing offshore tax loopholes should be an obvious first step to solving our budget woes.

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News Release | MASSPIRG | Budget, Tax

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

With Congress scrambling to agree on ways to reduce the deficit, MASSPIRG joined with business, legislative and community leaders today to point 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 kind of tax avoidance costs the federal government $150 billion in tax revenue each year.

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Media Hit | Financial Reform

Elizabeth Warren of Massachusetts will get seat on Senate Banking Committee

Deirdre Cummings, legislative director for MASSPIRG, a consumer advocacy group, said the appointment will be “good news for consumers.” “She has a demonstrated track record of standing up for the average consumer and working to ensure that they have some financial security, that they have an understanding of the financial products,” Cummings said.

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Media Hit | Financial Reform

Warren Already at the Center of a D.C. Battle

“The companies responsible for the 2008 financial collapse — the Wall Street banks, the Chamber of Commerce and others — are trying to keep one of the architects of Wall Street reform off the Senate Banking Committee,” said Ed Mierzwinski, a consumer advocate in the national office of MASSPIRG.

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Blog Post | Health Care

DPH Gives Green Light to Big Pharma’s Wining and Dining | Deirdre Cummings

Regulators move will re-open door to drug companies' expensive and biased marketing schemes.

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News Release | US PIRG | Consumer Protection

U.S. PIRG Consumer Program Director on Senate passage of the Credit CARD Act

U.S. PIRG commends the Senate on overwhelming passage of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act, S 414, as introduced by Senator Chris Dodd, Chair of the Senate Banking Committee. While the House has already passed a similar Credit Cardholders Bill of Rights, we expect that the House will simply pass the identical Senate bill so Congress can send a final bill for the President to sign before Memorial Day.

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News Release | MASSPIRG | Consumer Protection

Consumer Group Praises New Pick For Consumer Affairs Chief

Governor Deval Patrick has put the “consumer” back into Consumer Affairs with his appointment of Barbara Anthony as the new Undersecretary for Consumer Affairs and Business Regulation.

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News Release | MASSPIRG | Consumer Protection

CVS Caught with Most Illegal Overcharges of any Retailer in the State

CVS Caremark Corp., the nation’s largest pharmacy chain, is by far the most penalized food retailer in the state for overcharging, according to Massachusetts Office of Consumer Affairs and Business Regulations inspection reports from 2008 recently obtained by Cure CVS.

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News Release | MASSPIRG | Budget, Tax

Statement of MASSPIRG's Deirdre Cummings on the Passage of Obama’s Budget Plan

The budget resolution passed by Congress today prioritizes students over banks, consumers over insurance companies and taxpayers over entrenched special interests. 

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News Release | MASSPIRG | Budget, Tax

On Tax Day, New Report Showing US Corporations Avoid Taxes

Major US corporations avoid as much as $100 billion a year in federal taxes by hiding profits in foreign countries.

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