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News Release | Illinois PIRG Education Fund | Democracy

Mayoral Election Dominated by Big, Out of Town Money

Thicker wallets gave big donors an outsized voice in this year’s mayoral election, according to new analysis of campaign finance data by Illinois PIRG Education Fund. Contributions greater than $1,000 accounted for 92% of the money contributed to the Emanuel and Garcia Campaigns, while under 2% of the money contributed came from contributions of less than $150. A clear majority -- 58% -- of money contributed, came from donors living outside Chicago.

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News Release | U.S. PIRG | Consumer Protection

PIRG Commends Release of Labor Dept.'s Proposed Rule To End Conflicted Retirement Advice

PIRG today commended the public release of the Department of Labor’s proposed rule that would strengthen the ability for Americans to save for retirement by addressing conflicts of interest that arise when brokers and financial advisers give retirement advice. Wall Street will fight the rule hard, because it requires them to put consumers first.

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News Release | Illinois PIRG | Tax

Illinois Small Businesses Foot $4,570 Bill from Offshore Tax Dodging

As Tax Day approaches, it’s important to remember that small businesses end up picking up the tab for offshore tax loopholes used by many large multinational corporations. Illinois PIRG released a new study today revealing that the average Illinois small business owner would have to pay an extra $4,570 in taxes to make up for the money lost in 2014 due to offshore tax haven abuse by large multinational corporations.  

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Report | Illinois PIRG Education Fund | Tax

Picking Up the Tab 2015

Every year, corporations and wealthy individuals use complicated gimmicks to shift U.S. earnings to subsidiaries in offshore tax havens – countries with minimal or no taxes – in order to reduce their federal and state income tax liabilities by billions of dollars. While tax haven abusers benefit from America’s markets, public infrastructure, educated workforce, security and rule of law – all supported in one way or another by tax dollars – they continue to avoid paying for these benefits.

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News Release | Illinois PIRG Education Fund | Democracy

In Aldermanic Races Fueled by Big Money, Top Fundraiser Wins 93% of the Time

In the Chicago aldermanic races the candidate with the most money almost always wins, small donors represent only a small portion of candidates’ campaign cash, and small donor campaign finance reform would shake up elections according to a new report from Illinois PIRG Education Fund. The report analyzes campaign contributions going to top candidates in all 50 wards in the 2015 aldermanic elections.

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News Release | Illinois PIRG | Food

Flawed Farm Bill heads to the senate floor

The Senate is moving to vote on the farm bill, S.3240, that would continue the current system of agricultural subsidies to large, profitable agribusiness.

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News Release | Illinois PIRG | Safe Energy

Illinois PIRG statement on the resignation of NRC chairman Gregory Jackzo

We are deeply concerned by Chairman Gregory Jaczko’s resignation from the Nuclear Regulatory Commission.

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Media Hit | Tax

Questions remain on infrastructure trust

A few days ago, the City Council passed an ordinance to establish the Chicago Infrastructure Trust — a nonprofit that will leverage private, for-profit investment for public infrastructure projects. Much of the recent attention has been on the lack of strong public protections to make the trust transparent and accountable to citizens. But there is a more fundamental question: Do we really need it?

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Media Hit | Higher Ed

The New Student Battle Cry: Don't Double My Rate!

The media and the country are just waking up to the alarming fact that unless Congress acts by July 1, the interest rate on subsidized Stafford student loans will double from 3.4 percent to 6.8 percent. Congress must not let that happen.

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News Release | Illinois PIRG | Tax

Infrastructure Trust Approved Without Proper Taxpayer Protections

Today the Chicago City Council voted 41-7 to establish the Chicago Infrastructure Trust, despite many continued, substantial concerns from aldermen, Illinois PIRG and other advocacy organizations, and members of the public.

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Blog Post | Tax

Budget Season | Celeste Meiffren

'Tis the season to... fill gaping budget deficits.

Cook County is facing a budget deficit of $315 million, and Cook County Board President Toni Preckwinkle unveiled her plan to fill it yesterday.

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Blog Post | Tax

The Super Committee should be super open | Celeste Meiffren

Our nation faces enormous fiscal challenges. As part of the deal that was recently struck to raise America’s debt ceiling, Congress established a new Joint Select Committee on Deficit Reduction to narrow the total budget gap by $1.5 trillion over the next decade. This “Super Committee” must report its findings by Thanksgiving, and if a majority of its 12 members support its conclusions, both houses of Congress will consider the resulting legislation under expedited procedures by December 23, 2011.

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Blog Post | Tax

Midway Airport Lease Resurgence | Celeste Meiffren

Is the deal to lease Midway Airport to a private company coming back?

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Blog Post | Tax

A More Transparent Cook County | Celeste Meiffren

Yesterday, Cook County released an unprecedented amount of data on their website: http://data.cookcountyil.gov/.

Using the same technology as the City of Chicago's Data Portal, Cook County has posted data related to economic development, county finances, public safety, property and taxation, and more.

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Blog Post | Budget, Tax

Wait, what is TIF? | Celeste Meiffren

I was at a BBQ this weekend for Labor Day and a friend of mine told me that she had been reading 'Tax Dollars and Sense,' but was embarrassed because she had no idea what tax increment financing is. That's understandable.

So, in an effort to hold up the "sense" part of this blog, here is a quick breakdown of what a TIF is and how it works.

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