December 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|

Monthly Archives: December 2017