Monthly Archives: November 2009

Immigrants and the Economy

November 30, 2009. This new report shows the robust immigrant contribution to GDP in the country's 25 largest metropolitan areas. In the 25 metro areas combined, immigrants account for 20 percent of economic output and 20 percent of the population. The same basic relationship holds true, with slight variation, for each of the 25 areas, from metro Pittsburgh, where immigrants represent 3 percent of population and 4 percent of GDP, to metro Miami, where immigrants make up 37 percent of the population and 38 percent [...]

A Tale of Two Recessions: The State of Working New York City, 2009

November 19, 2009. While Wall Street recovers, New York City's Main Street economy remains mired in the "Great Recession." This report from FPI is an examination of the impact of the country's "Great Recession" on the New York City economy. The data show the shallowness of the previous expansion from 2003 to 2007 before the onset of the Great Recession, and recession-related job losses and rising economic insecurities. The report also explores in detail the character and extent of unemployment in New York City - [...]

Who Pays? Distributional Analysis of the Tax Systems in All 50 States

November 18, 2009. A new study from the Institute on Taxation and Economic Policy (ITEP), co-released by FPI, shows that middle-income families in New York pay a higher share of their income in state and local taxes (12.0 percent) than do the state's richest families (who pay only 9.4 percent of their income in state and local taxes). Data for New York, full report, 50 states.

A Better Choice for Addressing New York State’s Projected Budget Gaps

November 5, 2009. A five-pager by FPI's Frank Mauro and Ron Deutsch of New Yorkers for Fiscal Fairness. Three points: 1. First, do no harm! 2. Understand the role of federal aid and state reserves during economic downturns 3. Make better budget choices for 2010‐2011. This brief was distributed at a press conference at which FPI, New Yorkers for Fiscal Fairness, and a diverse group of statewide organizations joined forces to publicize the harmful impact of many of the governor's proposed cuts. Group press release [...]

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