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News Release | PIRGIM | Democracy

First-of-its-kind “Refrain From Political Spending” Resolution to Be Voted on at Bank of America Shareholder Meeting

On Wednesday, May 9, shareholders at Bank of America will vote “yea” or “nay” on a first-of-its-kind “refrain from political spending” resolution. Resolutions addressing political spending are among the most popular in the 2012 shareholder season, many dealing with disclosure of such spending. This is the first shareholder season for this groundbreaking resolution which was introduced by socially responsible investment firms Trillium Asset Management at Bank of America and 3M Corporation and by Green Century Capital Management at Target Corporation.

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News Release | PIRGIM | Tax

Offshore Tax Havens Cost Average Michigan Taxpayers $310 a Year, Each Michigan Small Business $1,561, New Study Finds

With tax day approaching, a new study released by PIRGIM found that the average Michigan taxpayer in 2011 would have to shoulder an extra $310 tax burden 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 corporate abuse of tax havens in 2011, small businesses in Michigan would have to foot a bill of $1,561 on average.

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Report | PIRGIM | Tax

Picking Up the Tab

Some U.S.-based multinational firms or individuals avoid paying U.S. taxes by transferring their earnings to tax haven countries with minimal or no taxes. These tax haven users benefit from their access to America’s markets, workforce, infrastructure and security; but they pay little or nothing for it—violating the basic fairness of the tax system and forcing other taxpayers to pick up the tab.

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Media Hit | Higher Ed

MLive.com: Rising student loan interest rates would push students deeper into debt

Michigan college students would face higher interest rates on a popular student loan starting this summer – unless federal lawmakers choose to act and reduce the hike.

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Media Hit | Budget

Detroit News: Public gains more access to Michigan's checkbook

A new report by a nonprofit civic engagement organization says Gov. Rick Snyder's administration improved the public's access to information on how state government is spending tax dollars during his first year in office.

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Defend the CFPB

Tell your senators to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

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