Budget

Report | Georgia PIRG Education Fund | Budget

Closing the Billion Dollar Loophole

A new report tells how some states have found a simple reform to reclaim significant revenue lost to offshore tax havens. The repotr includes estimates of how much each state loses in state revenue to offshore tax haven abuse and how much each state would gain by closing the "water's edge" loophole.

News Release | Georgia PIRG Education Fund | Budget

NEW REPORT: Georgia Receives "C" in Annual Report on Transparency of Government Spending

Georgia received a “C” when it comes to government spending transparency, according to “Following the Money 2015: How the 50 States Rate in Providing Online Access to Government Spending Data,” the sixth annual report of its kind by the Georgia Public Interest Research Group Education Fund.

News Release | Georgia PIRG Education Fund | Budget, Tax

Report Exposes How Taxpayers Bear Cost of Corporate Settlements

A new report spotlights a common practice where corporations that commit wrongdoing and agree to financial settlements with the federal government go on to claim such settlement payments as tax-deductible business expenses.

Report | Georgia PIRG Education Fund | Budget, Tax

Subsidizing Bad Behavior

How Corporate Legal Settlements for Harming the Public Become Lucrative Tax Write Offs, with Recommendations for Reform

Report | Georgia PIRG Education Fund | Budget

Following the Money

The ability to see how government uses the public purse is fundamental to democracy. Transparency in government spending promotes fiscal responsibility, checks corruption, and bolsters public confidence.

In the past few years, state governments across the country have made their checkbooks transparent by creating online transparency portals.  These government-operated websites allow visitors to view the governmentís checkbook ñ who receives state money, how much, and for what purposes. Most of these websites are also searchable, making it easier for residents to follow the money and monitor government spending of many sorts. Today almost every state operates a transparency website with the stateís checkbook accessible to the public. 

News Release | Georgia PIRG Education Fund | Budget

Unlikely Allies Uncover $1 Trillion in Savings for Super Committee

While the two groups have widely divergent views on many tax and fiscal issues, today they have joined forces to identify federal programs that both Republican and Democratic lawmakers should recognize as wasteful and inefficient uses of taxpayer dollars.

Report | Georgia PIRG Education Fund | Budget

Toward Common Ground

To break through the ideological divide that has dominated Washington this past year and offer

a pathway to address the nation’s fiscal problems, the National Taxpayers Union and U.S. PIRG

joined together to identify mutually acceptable deficit reduction measures. This report

documents our findings.

 

What follows is a general summary of recommendations that fall into four rough categories:

 

1. $214.9 billion in savings from ending wasteful subsidies,

2. $444.8 billion from addressing outdated or ineffective military programs,

3. $221.6 billion from improving program execution and government operations, and

4. $132.1 billion from reforms to entitlement programs.

 

Each specific recommendation includes an estimate of its savings over the next ten years, and

a reference to the source from which the estimate was drawn.

Report | Georgia PIRG Education Fund | Budget

Toward Common Ground

Our nation faces unprecedented fiscal challenges, as the commitments we’ve made now and into the future far outpace our fiscal capacity. Congress, the President’s National Commission on Fiscal Responsibility and Reform, and citizens across the country must grapple with very difficult decisions about how we can put our fiscal house in order. It will be critical to reach out across party lines and across ideological persuasions to achieve common-sense reforms that can bring us closer to balance.

The U.S. Public Interest Research Group (U.S. PIRG) and National Taxpayers Union (NTU) have joined together to propose a list of 30 specific recommendations to reform our future spending commitments. If enacted in their entirety, these changes would save taxpayers over $600 billion in total by 2015, the target date for the Fiscal Commission to reduce our publicly-held debt-to- GDP ratio to a more sustainable level of 60 percent. While our organizations have often differed about the proper regulatory scope of government and a host of tax policies, we are united in the belief that we spend far too much money on ineffective programs that do not serve the best interests of the American people.

The cuts deal with specific reforms to entitlement programs, defense spending, wasteful subsidies and a broad range of discretionary items of a smaller scale. While these proposals won’t get us all the way there, it is a start that could establish some common ground and make government more accountable in the process.

Some of the suggestions are aimed at procedural improvements, like collecting errant payments for Supplemental Security Income or housing subsidies. Others seek to eliminate programs that are wasteful or unnecessary, like the Market Access Program, which helps some of the most profitable companies in the world advertise their products abroad.

Every item on the list includes a five-year savings estimate for the Commission’s 2015 target. Those estimates are backed up by authoritative official sources such as the Congressional Budget Office, Government Accountability Office, Joint Committee on Taxation, or the Office of Management and Budget, as well as bipartisan panels and audit agencies. The recommendations are specific, detailed, and actionable items that Congress could pursue right now to reduce spending.

Report | Georgia PIRG Education Fund | Budget

Failed Bailout

Following the collapse of major financial institutions Congress enacted a sweeping $700 billion taxpayer-financed bailout of the financial sector. However, months into the program and billions of dollars later, no one knows how the money was spent and no one is convinced that it’s achieved any of the intended results. The U.S Public Interest Research Group Education Fund (U.S. PIRG) believes it is critical for Congress to demand and the Department of Treasury to implement mechanisms and metrics to make sure that the actions of the TARP recipients reflect the original goals and objectives of the Emergency Economic Stabilization Act (EESA). Those mechanisms must be based on the sound public policy principles of oversight and accountability.

The report first establishes that what is known about how the TARP recipients’ behavior before, during and after the bailout paints a dire picture of how the TARP funds were spent. It then presents a clear opportunity for lawmakers to regain some of the withering faith of the American people through widely supported execution tactics and simple communication practices with respect to TARP.

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