Monthly Archives: December 2010

Proposal to Recapture High End Federal Tax Cut Windfall

December 20, 2010. In the wake of the historic agreement between the President and the Republican Congressional leadership to extend the Bush tax cuts for the wealthiest, the New York City Council's Progressive Caucus has developed an interesting proposal. The proposal calls for the state of New York to impose a temporary income tax surcharge to recapture for New York the "windfall" high income New York filers will be receiving. Related: an op-ed by Brad Lander, co-chair of the Progressive Caucus.

2020-10-27T13:09:42-04:00December 10th, 2010|Blog, Tax & Budget, Tax Policy|
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Grow Together or Pull Further Apart? Income Concentration Trends in New York

December 13, 2010. New data shows that extreme inequality restrains growth for most New Yorkers - polarization trends in New York City and New York State expose an economic fault line. A new report from FPI documents the pronounced concentration of income growth that has occurred in New York State and New York City since 1980 - the first time that state income tax data has been compiled to analyze trends since 1980 in income growth by various segments of the state's population. Among the [...]

2020-11-13T14:28:00-05:00December 10th, 2010|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|
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The Growing Budget Burden of New York’s Business Tax Expenditures

December 7, 2010. Over $8 billion a year goes to “back door” spending in the name of job creation. This new report from FPI identifies $5.4 billion a year in state government "back door" spending in the name of economic development and job creation. An additional $2.8 billion a year is being drained from New York's local government budgets because of a variety of tax expenditures in state law. In these tough budget times, these billions of dollars in business tax expenditures, which have historically [...]

2020-11-13T14:56:16-05:00December 7th, 2010|Economic Trends & Policy, Press Releases, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|
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