Reports

Report | Public Health

The Danger In Our Backyards

Every day, millions of people live and work in the shadow of high risk chemical plants that store and use poisonous materials with the potential to harm millions of workers and residents.

Report | NJPIRG | Budget, Tax

Offshore Shell Games

Many large U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens – countries with minimal or no taxes. By booking profits to subsidiaries registered in tax havens, multinational corporations are able to avoid an estimated $90 billion in federal income taxes each year. These subsidiaries are often shell companies with few, if any employees, and which engage in little to no real business activity.

Report | NJPIRG | Budget, Public Health, Food

Apples to Twinkies 2013

At a time when America faces high obesity rates and tough federal budget choices, taxpayer dollars are funding the production of junk food ingredients. Since 1995, the government has spent $292.5 billion on agricultural subsidies, $19.2 billion of which have subsidized corn- and soy-derived junk food ingredients. These subsidies are all the more egregious at a time when America is facing an obesity epidemic. Children are three times more likely to be obese than their counterparts three decades ago. With over 31 percent of the adolescent population now overweight or obese, and estimates of obesity-related medical costs reaching $150 billion per year, it is absurd that the federal government continues to finance the production of sweeteners and oil additives.

The concentrated distribution of subsidypayments further demonstrates how the current system fails to appropriately direct federal dollars. The system disproportionately benefits larger commodity cropproducers, sending tax subsidies to large, already-profitable players. These subsidies also do not fund all crops equally. Apples, the only fruit or vegetable to receive significant federal subsidies, garnered only $689 million over the same period. Had these subsidies gone directly to America’s 146 million taxpayers, the apple subsidies would enable each taxpayer to buy half an apple each year—but the annual junk food subsidies would add up to nearly 20 Twinkies each.

Key findings:

 

  • Of the total $292.5 billion allotted in agriculture subsidies, 3.8 percent of farmers collected $178.5 billion, while 62 percent of farms did not receive any federal funds.
  • Taxpayers spent $84.4 billion on corn production, $8.1 billion of which funded production of corn starch and sweeteners. Of the total domestic corn produced, 9.6 percent ended up in junk food and beverages as sweeteners or thickeners.
  • Soy subsidies rank fifth on the list of subsidized crops, costing taxpayers $27.8 billion. Since 1995, soy oils have consumed approximately $11.1 billion in taxpayer subsidies.
  • With the money used to subsidize corn and soy junk food ingredients, the government could buy almost 52 billion Twinkies—enough to circle the Earth 132 times when placed end to end, or meet the caloric needs of the entire U.S. population for 12 days.

Top Twenty Pay-For-Delay Drugs

Too often, consumers are forced to shoulder a heavy financial burden, or even go without needed medicine, due to the high cost of brand-name drugs. Our research indicates that one significant cause is the practice called “pay for delay,” which inflates the drug prices paid by tens of millions of Americans. 

Report | NJPIRG | Higher Ed

Issue Brief: Student Loan Debt in New Jersey

Without a new plan from Congress, on July 1 the itnerest rate on subsidized Stafford loans will double, from 3.4 percent to 6.8 percent.

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