News Releases

News Release | WashPIRG | Tax

Ag Subsidies Pay for 20 Twinkies per Taxpayer, But Only Half of an Apple Apiece

Federal subsidies for commodity crops are subsidizing junk food additives like high-fructose corn syrup, at a rate that would buy 20 Twinkies for each taxpayer every year, according to WashPIRG’s new report, “Apples to Twinkies 2013.” Meanwhile, limited subsidies for fresh fruits and vegetables would buy one half of an apple per taxpayer.  These subsidies are part of the Farm Bill that expires in September. Both the Farm Bill approved by the U.S. Senate and the one that passed the House last Thursday would continue these subsidies. 

News Release | WashPIRG | Consumer Protection

Senate Confirms CFPB Director Cordray

Today’s confirmation of Richard Cordray to head the CFPB for a full term is good news for consumers, and for firms that want to play fair in the financial marketplace. The CFPB was created to rein in the reckless Wall Street practices that blew up our economy almost five years ago. Big banks that rely on consumer tricks and schemes to make money have wanted to kill the CFPB ever since, and for good reason: The CFPB has been enforcing critical consumer protection laws, and already forced Capital One to return $140 million in unfair credit card fees to consumers.

News Release | WashPIRG | Health Care

Twenty Top Generic Drug Delayed by Industry Payoffs

Washingtonians with cancer, heart disease, epilepsy and other conditions have been forced to pay an average of 10 times more than necessary for at least 20 blockbuster drugs, according to a report released today by Washington State Public Interest Research Group (Washington) and Community Catalyst. 

News Release | WashPIRG | Health Care

House Poised to Approve Bill Continuing Giant Giveaways to Big Agribusiness

WashPIRG urges the House to vote NO on the Farm Bill scheduled to be voted on today. Like the Senate’s Farm Bill, this legislation would keep the gravy train flowing for big agribusiness, locking in their unjustified corporate handouts for the next five years. Members of the House should stand firm and reject this bill once again. With Congress focused on how to fix the budget, our elected leaders shouldn’t squander the opportunity to cut off these outrageous giveaways to Big Ag once and for all. 

News Release | WashPIRG | Higher Ed

Interest Rates for 104,863 Student Loan Borrowers in Washington Double

Due to Congressional inaction, the interest rates on federally subsidized student loans doubled on July 1 from 3.4 percent to 6.8 percent. The change will affect 104,863 students in Washington, and in total the rate increase will hike the cost of Washington students’ loans by $96.4 million. That translates into a $919 increase in debt per student, per loan.  However, because most new student loans are issued in August and September, Congress can still pass a retroactive fix.  

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