2017 - Fiscal Policy Institute

New Laws Raise Minimum Wage; Cut Taxes, Business Costs

December 27, 2018. Several new laws effective Jan. 1 will impact family budgets while trying to improve New York State’s business climate. “Given the damaging and destructive tax and budget policies coming out of Washington that seem to target poor and working class families, it’s good to know that our state has some countermeasures in place that actually help struggling New Yorkers,” said Ron Deutsch of the Fiscal Policy Institute, a labor-backed group that lobbies for the working poor. Access to Full Article HERE

Anthony Troia2021-01-08T09:49:17-05:00December 27th, 2017|Economic Outlook, FPI in the News|

Kentucky Advocate Says DREAM Act Would Boost Local, State Economy

December 22, 2017. This article and radio interview discusses the tax revenue effects that the termination of Deferred Action for Childhood Arrivals Program (DACA) could create if a permanent solution is not passed by Congress. DACA gave undocumented immigrants who were brought to the United States at children the authorization to work and go to school, as well as the protection from detention or deportation. This article use FPI's data and argues that DACA allowed this immigrant population to support the economy and if a solution [...]

Anthony Troia2021-01-08T09:49:01-05:00December 22nd, 2017|FPI in the News|

The Dream Act Would Boost New York’s Economy

The Dream Act Would Boost New York’s Economy December 20, 2017. On September 5, 2017, the Trump administration announced that it would revoke the Deferred Action for Childhood Arrivals (DACA). This program provided immigrant youth who are currently undocumented and arrived in the United States before the age of 16, work authorization, protection from deportation and the sense of security of being able to live a life like everyone else in the place they call home. It only took a matter of minutes for the [...]

Anthony Troia2021-01-08T09:48:48-05:00December 20th, 2017|Blog, Migration|

Dream Act Would Boost NY Economy and Tax Revenues: Revoking DACA Hurts Both

Dream Act Would Boost NY Economy and Tax Revenues Revoking DACA Hurts Both The Dream Act would allow immigrants in New York to contribute more fully to the state economy, boosting longterm state’s $1.5 trillion GDP by at least $1.8 billion a year, and increasing state and local tax revenues in New York by $62 million, according to a report released today by the Fiscal Policy Institute that draws on analyses from the Center for American Progress and the Institute on Taxation and Economic Policy. The Dream [...]

Anthony Troia2021-01-08T09:48:27-05:00December 19th, 2017|Blog, Migration|

Brian Talks New York – Trump to NY: Drop Dead

December 14, 2017. Ron Deutsch, FPI's Executive Director, got to go on Brian Talks New York which is anchored by Peabody Award-winning public radio host Brian Lehrer. Each week Brian and his guests from academia, journalism and politics analyze the latest news in Brian's home town of NYC. The segment is on How's the Trump tax reform bill likely to hit New Yorkers, rich, middle class and poor? Joining Brian’s panel of experts, AFL-CIO chief economist William Spriggs, Empire Center for Public Policy research director [...]

Anthony Troia2021-01-08T09:47:44-05:00December 14th, 2017|Economic Outlook, FPI in the News|

Health Care Cuts and Higher Taxes Put Millions of New Yorkers At Risk

FOR IMMEDIATE RELEASE Contact: Ron Deutsch, Fiscal Policy Institute, (518) 469-6769 Michael Kink, Strong Economy for All, (518) 527-2787 Health Care Cuts and Higher Taxes Put Millions of New Yorkers At Risk New Data Anticipates Loss of Health Coverage and Rising Taxes for Poor and Middle-Income New Yorkers Albany, NY - Leaders from community and worker’ rights organizations held a press conference on Friday to protest the tax reform plan that could emerge from the House and Senate conference within the next week. In [...]

Anthony Troia2021-01-08T09:47:03-05:00December 8th, 2017|Press Releases, Tax Policy|

House and Senate Tax Bill Will Hurt New York’s Poorest Taxpayers and Result in Many Losing Health Coverage

December 2017, House and Senate Tax Bill Will Hurt New York’s Poorest Taxpayers and Result in Many Losing Health Coverage Impact of Tax Cuts to New Yorkers (Both Bills) The Institute on Taxation and Economic Policy (ITEP) released its analysis of both the House and Senate tax bills for all fifty states. Both bills would raise taxes on many lower- and middle-income families in every state and provide the wealthiest Americans and foreign investors substantial tax cuts, while adding more than $1.4 trillion to the [...]

Anthony Troia2021-01-08T09:46:44-05:00December 8th, 2017|Blog, Tax Policy|

Fiscal Policy Institute: A Third of NYers Will Pay More Under Senate Tax Bill

December 4, 2017. Ron Deutsch, with the left-leaning think tank Fiscal Policy Institute says there's nothing positive in the tax overhaul plan for New Yorkers. He says the middle class and the poor in New York will pay more under the Senate's tax overhaul plan. "We need to understand that 30 to 35 percent or more of New Yorkers that would actually see a tax increase under this plan", Deutsch said. "You know, this notion that they’re going around trying to sell this as a [...]

Anthony Troia2021-01-08T09:46:17-05:00December 7th, 2017|FPI in the News, Tax Policy|

Federal Tax-Code Changes Could Force New York to Adopt Lean Spending Plan

November 30, 2017. According to this article, a mounting state deficit and expected changes to the federal tax code are handing lawmakers their toughest choices in the seven years that Gov. Andrew Cuomo has been New York's leader. The state's most recent financial plan projects a budget deficit at $4.1 billion, but that gap could grow if tax receipts continue to lag behind the expected pace, according to state Comptroller Tom DiNapoli's office. Cuomo himself acknowledged the scope of the challenge during a stop Tuesday [...]

Anthony Troia2021-01-08T09:45:46-05:00November 30th, 2017|FPI in the News, State Budget|

Tax Bill, Deficit Could Jumble N.Y. Budget

November 29, 2017. According to this article, a mounting state deficit and expected changes to the federal tax code are handing lawmakers their toughest choices in the seven years that Gov. Andrew Cuomo has been New York's leader. The state's most recent financial plan projects a budget deficit at $4.1 billion, but that gap could grow if tax receipts continue to lag behind the expected pace, according to state Comptroller Tom DiNapoli's office. Cuomo himself acknowledged the scope of the challenge during a stop Tuesday [...]

Anthony Troia2021-01-08T09:45:26-05:00November 29th, 2017|FPI in the News, State Budget|

Senate Tax Plan Incenses Anti-Poverty Advocates

November 28, 2017. According to this article, the Congressional Budget Office report, released Sunday, finds that the Senate tax overhaul bill harms the poorest Americans even more than originally thought. That’s partly because of the provision to eliminate the federal insurance mandate, which the CBO said would lead to as many as 13 million Americans becoming uninsured and losing federal subsidies to help them buy insurance. Ron Deutsch, with the liberal leaning think tank Fiscal Policy Institute, also believes that the poor won’t fare well [...]

Anthony Troia2017-11-28T11:47:32-05:00November 28th, 2017|FPI in the News|

PolitiFact: Cost estimates of ending worker program vary widely

November 25, 2017. This Politifact article is assessing the claim by U.S. Rep. Joaquin Castro. He tweeted that the United States would lose $164 billion in GDP over a decade if they terminated Temporary Protective Status (TPS). TPS is a status for immigrants from countries experiencing armed conflict, natural disasters, epidemics and other temporary conditions preventing the safe return of their citizens. This status provides immigrants with TPS work authorization and protection from deportation, but does not include a pathway to citizenship. The Trump administration [...]

Anthony Troia2021-01-08T09:44:55-05:00November 25th, 2017|Economic Outlook, FPI in the News|

Pros, Cons of Voting for a Constitutional Convention

November 2, 2017. On Election Day, New York’s voters will have their first opportunity in 20 years to call for a state constitutional convention via ballot proposition. Nearly 100 Capital District voters packed the auditorium at the Guilderland Public Library last Tuesday night for a panel discussion titled “Would New York State Benefit from a Constitutional Convention?” The event, co-presented by the League of Women Voters of Albany County and the Women’s Press Club of New York State, was moderated by Susan Arbetter, host of [...]

Anthony Troia2021-01-08T09:44:32-05:00November 20th, 2017|FPI in the News|

David Dyssegaard Kallick Participates in the “On Immigration” Panel Discussion

November 20, 2017. On November 1, 2017, FPI's Deputy Director and Director of the Immigration Research Initiative, David Dyssegaard Kallick, joined other experts in a panel discussion, "The Business of Immigration," hosted by City & State New York. He joined the moderator Stuart Schulman, Professor of Management at Baruch College Zicklin School of Business, Lorelei Salas, Commissioner for the Department of Consumer Affairs, Hollis V. Pfitsch, Deputy Commissioner at the Law Enforcement Bureau, and Dara Adams, Industry Program Director at FWD.us. The panelists discussed the [...]

Anthony Troia2021-01-08T09:41:33-05:00November 20th, 2017|Blog|

Activists, Immigration Officials Push for DACA Legislation

November 16, 2017. This article discusses the termination of Deferred Action for Childhood Arrivals (DACA) by the Trump administration, which effects over 40,000 young individuals. The administration announced that October 5, 2017 would be the cutoff deadline for renewal applications and that new applications would no longer be accepted. Under DACA, young individuals had work authorization and protection from deportation. On November 1, there was a forum discussion hosted by City & State New York at the Museum of Jewish Heritage, that FPI's director of immigration [...]

Anthony Troia2021-01-08T09:43:50-05:00November 16th, 2017|FPI in the News|

Yearly Archives: 2017