News Releases

News Release | CALPIRG Education Fund | Democracy

Bank of America Shareholders to Vote on Political Spending Resolution

On Wednesday, May 9th, shareholders at Bank of America will vote on a first-of-its-kind “refrain from political spending” resolution. The resolution would request that the board of directors impose a ban on the use of corporate treasury funds to influence the political process. This would include contributions to Super PACs, political non-profits, such as the American Legislative Exchange Council (ALEC) of which Bank of America is a known member, and trade associations, such as the Chamber of Commerce.

News Release | CALPIRG | Budget, Food

SENATE COMMITTEE APPROVES NEW TAXPAYER GIVEAWAYS TO BIG AG

Statement of Emily Rusch on the Senate Agriculture Committee’s approval of the 2012 Farm Bill: As this flawed legislation heads to the Senate floor, we urge Senators to stand with the public, not Big Ag. 

News Release | U.S.PIRG | Higher Ed

Interest Rate Hike Threatens College Affordability, Will Lead to 20% Increases in Cost of College Next Year

Today, U.S. PIRG, the Young Invincibles, the Center for American Progress, and Campus Progress released a joint report on the looming threat of a major hike in the federal student loan interest rate. If Congress fails to act by July 1, the interest rate for Direct Subsidized Stafford Loan will double, rising to 6.8 percent. 

News Release | CALPIRG | Consumer Protection, Food

CALPIRG Calls on USDA to Increase Testing for Mad Cow

The US Department of Agriculture’s (USDA) statement confirming the presence of an infected cow with bovine spongiform encephalopathy (BSE) - commonly referred to as “mad cow disease” - in California reinforces the need for increased animal testing.

News Release | CALPIRG Education Fund | Tax

Offshore Tax Havens Cost Average California Taxpayers $423 a Year, Each California Small Business $2,010

With tax day approaching, a new study released by CALPIRG found that the average California taxpayer in 2011 would have to shoulder an extra $423 tax burden to make up for revenue lost from corporations and wealthy individuals shifting income to offshore tax havens. The report additionally found that to cover the cost of the corporate abuse of tax havens in 2011, small businesses in California would have to foot a bill of over $2,010 on average.

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