Budget

News Release | U.S.PIRG & National Taxpayers' Union Foundation | Budget

Unlikely Allies Offer Billions in Deficit Reduction Recommendations

WASHINGTON, D.C. – In the midst of the federal budget process, lawmakers remain divided along partisan lines on how to prioritize taxpayer dollars and how to address the fiscal gap between revenues and expenditures. A new report released today by the U.S. Public Interest Research Group (U.S. PIRG) and National Taxpayers Union Foundation (NTUF) provides our elected leaders with some much-needed common ground for progress. Suggesting over $260 billion of deficit reduction recommendations with appeal from across the political spectrum, “Toward Common Ground: Bridging the Political Divide with Deficit Reduction Recommendations for Congress” should act as a roadmap for lowering the deficit without compromising our national priorities.

Report | U.S. PIRG and National Taxpayers' Union Foundation | Budget

Toward Common Ground 2017

As we enter the budget season under a new administration, our nation faces enormous fiscal challenges. The national debt stands just shy of $20 trillion, numerous unfunded obligations increase the debt burden substantially, and policymakers will soon have to decide how to address the debt ceiling – the statutory limit on the amount of debt the government can issue. It is time to set aside politics and work on concrete and bipartisan solutions to put America’s finances back on track.

It is in this spirit that National Taxpayers Union Foundation and U.S. Public Interest Research Group have joined together to propose a list to Congress of more than 50 recommendations to reform the future spending commitments of our nation. If enacted in their entirety, these changes would save taxpayers close to $263 billion over the coming decade.

Report | NMPIRG Education Fund and Frontier Group | Budget

Following the Money 2017: Special Districts

Executive Summary

Citizens’ ability to understand how their tax dollars are spent is fundamental to democracy. Budget and spending transparency holds government officials accountable for making smart decisions, checks corruption, and provides citizens an opportunity to affect how government dollars are spent.

“Special districts” are a type of government agency that exist outside of traditional forms of general purpose local or state governments, and serve key governmental functions such as public transit or housing. However, special districts are poorly understood by the public and often do business without adhering to modern standards of government budget or spending transparency. The lack of transparency and accountability of many special districts has caused concern among some state agencies and government watchdogs, as it can contribute to an atmosphere conducive to lowered efficiency and potential misconduct. 

A review of 79 special districts’ online financial transparency shows that while a few districts are meeting the goals of “Transparency 2.0” – a standard of comprehensive, one-stop, oneclick budget accountability and accessibility – the vast majority do little to inform citizens about how they spend money.

News Release | NMPIRG Education Fund & Frontier Group | Budget

NEW REPORT: New Mexico Receives "C+" in Annual Report on Transparency of Government Spending

 

New Mexico 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 New Mexico Public Interest Research Group Education Fund.

Report | NMPIRG Education Fund | Budget

Following the Money 2015

Every year, state governments spend hundreds of billions of dollars through contracts for goods and services, subsidies to encourage economic development, and other expenditures. Accountability and public scrutiny are necessary to ensure that the public can trust that state funds are spent as well as possible. 

In recent years, state governments across the country have created transparency websites that provide checkbook-level information on government spending – meaning that users can view the payments made to individual companies as well as details about the goods or services purchased or other public benefits obtained. These websites allow residents and watchdog groups to ensure that taxpayers can see how public dollars are spent. 

Report | NMPIRG | Budget, Tax

Closing the Billion Dollar Loophole

Every year, corporations 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 state and federal income tax liability by billions of dollars. 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. But they use tax havens to escape supporting these public structures and benefits.

News Release | NMPIRG Education Fund | Budget, Democracy, Tax

Release of New Report: Loopholes for Sale

A new report released Wednesday, March 21 by U.S. PIRG and Citizens for Tax Justice (CTJ) found that thirty unusually aggressive tax dodging corporations have made campaign contributions to 524 (98 percent) sitting members of Congress, and disproportionately to the leadership of both parties and to key committee members. The report, Loopholes for Sale: Campaign Contributions by Corporate Tax Dodgers, examines campaign contributions made by a total of 280 profitable Fortune 500 companies in 2006, 2008, 2010 and to date in 2012.

Report | NMPIRG Education Fund | Budget, Democracy, Tax

Loopholes for Sale

A new report by U.S. PIRG and Citizens for Tax Justice (CTJ) found that thirty unusually aggressive tax dodging corporations have made campaign contributions to 524 (98 percent) sitting members of Congress, and disproportionately to the leadership of both parties and to key committee members. The report, Loopholes for Sale: Campaign Contributions by Corporate Tax Dodgers, examines campaign contributions made by a total of 280 profitable Fortune 500 companies in 2006, 2008, 2010 and to date in 2012.

The much anticipated corporate tax reform framework released last week by President Obama hit all the right notes but lacked the details to know if can fully realize it’s potential.

 

News Release | U.S. PIRG | Budget

Supercommittee Squanders Opportunity to Cut Waste

Following months of partisan bickering, the Supercommittee has squandered a major opportunity to cut truly wasteful spending and special interest handouts.

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