March 2017 - Fiscal Policy Institute

Immigrant Business Week Underway in Philly

March 30, 2017. In an article highlighting Philadelphia's first Immigrant Business Week, which intends to celebrate and promote the contributions of immigrant entrepreneurs, FPI's report, Bringing Vitality to Main Street, was quoted. "Immigrant businesses contribute significantly to our country's economy, especially to the city. They pay taxes, purchase properties help sustain our city's financial stability." Kenney said a new report confirms his assessment. "According to a report by the fiscal policy institute 96 percent of the growth of our city's main street small businesses between 2000 and 2013 [...]

Anthony Troia2021-01-07T12:28:26-05:00March 30th, 2017|FPI in the News|

Albany Times Union: “Tracking state subsidies stymied by inconsistent transparency”

Inconsistent record-keeping, poor follow-up seen in state, local subsidy programs By Masako Melissa Hirsch and Charlotte Keith | on March 29, 2017 State and local economic development agencies in New York give away billions of dollars in subsidies to businesses every year but do little to assess what taxpayers are getting for their money. "What politician doesn't want to stand there with a shovel in their hand and a hard hat on their head to announce new jobs coming to their district?" said Ron Deutsch, [...]

Anthony Troia2021-01-07T12:29:01-05:00March 30th, 2017|FPI in the News|

Capitol Pressroom: Subsidies and sluggish Upstate job growth

March 28, 2017. By Alyssa Plock A collaboration of reporting from Investigative Post, ProPublica, and the Columbia University Graduate School of Journalism shows that despite billions in subsidies, upstate job growth remains sluggish. Today three guests join Susan Arbetter to analyze the subsidy issue: Jim Heaney, Founder, Editor and Executive Director of Investigative Post, Ron Deutsch, Executive Director of the Fiscal Policy Institute, and EJ McMahon, Founder and Research Director of the Empire Center for Public Policy.

Anthony Troia2021-01-07T12:30:58-05:00March 29th, 2017|FPI in the News, Labor Market & Workforce|

Philly Mayor Draws Incorrect Immigrant Biz Stat From Flawed Fact-Sheet

March 28, 2017. In an article featured in the Billy Penn, the author discusses how Philadelphia's Mayor, Jim Kenney, quoted an immigrant business statistic from the 2015 Greater Philadelphia Chamber of Commerce report that cited FPI's report, "Bringing Vitality to Main Street: How Immigrant Small Businesses Help Local Economies Grow." The fact-sheet misinterpreted FPI and Americas Society/Council's statistic which referred to Main Street Businesses, not all business ownership. The fact-sheet cited a 2015 Greater Philadelphia Chamber of Commerce report, which itself was referencing analysis produced [...]

Anthony Troia2021-01-07T12:29:36-05:00March 28th, 2017|FPI in the News|

Investigative Post: “Job growth across upstate New York remains sluggish despite billions in economic development subsidies”

This is the first part of a series that runs through Thursday. The full lineup of stories, columns and radio interviews can be found here » March 28, 2017 Gov. Andrew Cuomo has sunk a lot of taxpayer money – $25 billion by his estimate – into recharging upstate’s moribund economy. The governor has increased spending on subsidy programs to record levels, launched bold policy initiatives and crisscrossed upstate to announced projects he has frequently described as “game-changers.” “Economic success is shared all across the state. [...]

Anthony Troia2021-01-07T12:29:57-05:00March 28th, 2017|FPI in the News, Labor Market & Workforce|

Over 80 Upper-Income New Yorkers Urge Governor Cuomo and Legislature to Extend and Expand the Millionaires’ Tax

March 21, 2017. The Fiscal Policy Institute and Responsible Wealth released a letter signed by over 80 wealthy New Yorkers urging Governor Cuomo to extend and expand the millionaires' tax, currently in place but set to expire at the end of this year. Signers include Eileen Fisher, Abigail Disney, Steven C. Rockefeller, George Soros, David A. Levine, Dal LaMagna, Lewis B. Cullman, among other notable names. All signers, many members of the Responsible Wealth project, are residents of New York State with annual incomes of $650,000 or [...]

Anthony Troia2021-01-07T12:31:55-05:00March 24th, 2017|Blog, Tax Policy|

PA Joins Other Cities in Legal Action Against Travel Ban; Cities Join States in Effort to Halt White House Order

March 24, 2017. FPI and Americas Society/Council of the Americas co-released report on immigrant business ownership, "Bringing Vitality to Main Street, How Immigrant Small Businesses Help Local Economies Grow", was cited in an amicus brief that Philadelphia submitted to the federal district court in Seattle to challenge President Trump's travel ban. The City of Philadelphia is among two dozen U.S. cities that have filed a friend-of-the-court (amicus) brief in the federal district court in Seattle, where six States have challenged President Donald Trump’s second attempt [...]

Anthony Troia2021-01-07T12:32:39-05:00March 24th, 2017|FPI in the News|

FPI Policy Brief Press Statement: Time to Expand the Millionaires’ Tax

FOR IMMEDIATE RELEASE: Contact: Ron Deutsch, Fiscal Policy Institute, 518-469-6769, deutsch@fiscalpolicy.org March 7, 2017. The Fiscal Policy Institute (FPI) recently released a Policy Brief analyzing New York’s gross income disparity, recommending common sense solutions to narrowing the gap. Since the 1980s, the income gap in the United States—as indicated by the wealthiest 1 percent’s share of total income—has grown significantly. In fact, the Congressional Budget Office (CBO) has been compiling income data since 1979, and has found that the top 1 percent’s income has grown [...]

Anthony Troia2021-01-07T12:33:11-05:00March 23rd, 2017|Press Releases, Tax Policy|

Report: “Undervalued and Underpaid: How New York State Shortchanges Nonprofit Human Services Providers and Their Workers”

March, 2017. The substantial growth in New York’s nonprofit human services sector has come in response to a host of social, demographic and economic changes. The State and its local governments have turned to nonprofit organizations to provide these critical services; these are public services that serve many populations, including children and those with low incomes striving to enter the middle class. Millions of New Yorkers are directly served, and all New Yorkers reap the benefits of more stable communities when their neighbors are able [...]

Anthony Troia2021-01-07T12:33:48-05:00March 23rd, 2017|Labor Market & Workforce, Reports, Briefs and Presentations|

AP News: Rich New Yorkers Ask State to Raise Their Taxes

March 21, 2017 ALBANY, N.Y. (AP) -- Some of the wealthiest New Yorkers are asking the state to raise their taxes. Eighty people including George Soros, Steven Rockefeller and Abigail Disney wrote to lawmakers and Democratic Gov. Andrew Cuomo saying they and other top earners can afford to pay more to support schools, roads, bridges and programs to help poor and homeless New Yorkers. (read more)

Anthony Troia2021-01-07T12:34:28-05:00March 21st, 2017|FPI in the News, Tax Policy|

Press Release: Over 80 Wealthy New Yorkers Urge Governor Cuomo to Extend and Expand Millionaires’ Tax

FOR IMMEDIATE RELEASE: March 21, 2017 Contact: Ron Deutsch, Fiscal Policy Institute, 518-469-6769, deutsch@fiscalpolicy.org Mike Leyba, Responsible Wealth, 562-266-4357, mleyba@faireconomy.org Over 80 Upper-Income New Yorkers Urge Governor Cuomo and Legislature to Extend and Expand the Millionaires’ Tax As New York State braces for proposed federal budget cuts that could have a devastating impact on health care, education and infrastructure investments across the state, more than 80 New York residents with incomes in the top 1% have sent an open letter to Governor Andrew Cuomo and the [...]

Anthony Troia2021-01-07T12:34:51-05:00March 21st, 2017|Press Releases, Tax Policy|

Times Union Opinion: Expand tax credit for low-income workers in New York

By Ron Deutsch and Reg Foster, Commentary Published, Albany Times Union 5:25 pm, Wednesday, March 15, 2017 A young woman juggling an entry-level administrative job and classes at a community college; a divorced dad working 40 hours a week as a custodian to help support his two kids; a veteran trying to make a living back home after serving our country overseas: They, and millions of other hard-working Americans, struggle to make ends meet because their jobs pay low wages. In fact, 466,000 workers in New [...]

Anthony Troia2021-01-07T12:35:37-05:00March 16th, 2017|FPI in the News, Labor Market & Workforce|

March 2017 NYC Budget Presentation

In his briefing on Mayor deBlasio’s Preliminary FY 2018 NYC Budget, James Parrott highlights the following: Cautious in face of an uncertain Washington: Federal aid is 1/3 of State budget (which is 18% of City budget); 8-10 % of City budget; 64% of NYCHA budget; and nearly half of the Health and Hospitals budget. State budget better this year, but still challenges: Governor proposed to extend millionaires tax, but it should be enhanced; threat to CFE-settlement determined school aid; handful of negative budget impacts for NYC. Before Trump’s [...]

Anthony Troia2021-01-07T12:36:02-05:00March 16th, 2017|Blog, State Budget|

Trump’s Merit-Based Immigration Plan Could Mean a Smaller Buffalo

March 14, 2017. In an article featured in the Buffalo News, impacts on Buffalo due to President Trump's possible merit-based immigration plan are discussed such as population decline, a smaller tax-base, an older population and a decrease in availability of workers for jobs that pay lower wages. FPI's David Dyssegaard Kallick was quoted discussing the impact Trump's merit based immigration plan would have on the workforce. Trump asked the two senators to work on adding a merit-based component to their bill. Under such a system, [...]

Anthony Troia2021-01-07T12:36:43-05:00March 14th, 2017|FPI in the News|

Billing the Benefits

March 13, 2017. FPI's David Dyssegaard Kallick was quoted in an article, featured in the Manhattan Times, discussing the tax and economic contributions of undocumented immigrants and the effects a mass deportation program could possibly have in New York State. David Dyssegaard Kallick, Director of the Institute’s Immigration Research Initiative, said that tax revenue would increase by another $247 million a year if those people were able to work legally. The report also predicted that a policy of mass deportation would cause a huge disruption [...]

Anthony Troia2021-01-07T12:37:01-05:00March 13th, 2017|FPI in the News|

Monthly Archives: March 2017