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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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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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News Release | Illinois PIRG | Budget

Offshore Tax Havens Cost Average Illinois Taxpayers $508 a Year, Each Illinois Small Business $2,556, New Study Finds

With tax day approaching, a new study released by Illinois PIRG found that the average Illinois taxpayer in 2011 would have to shoulder an extra $508 tax burden make up for revenue lost from corporations and wealthy individuals shifting income to offshore tax havens. The report “Picking up the Tab” also found that to cover the cost of the corporate abuse of tax havens in 2011, small businesses in Illinois would have to foot a bill of $2,556 on average.

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News Release | Illinois PIRG Education Fund | Transportation

New Report: Long-Term Drop in How Much People Drive

A new report released today by the Illinois PIRG Education Fund demonstrates that Americans have been driving less since the middle of last decade. The report shows that young people in particular are decreasing the amount they drive and increasing their use of transportation alternatives.

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News Release | Illinois PIRG | Tax

Public Needs More Details on How Infrastructure Program Will be Financed

Illinois PIRG field director, Celeste Meiffren, released a statement today, in response to Mayor Emanuel’s “Building a New Chicago” program announcement.

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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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