FPI

NY May Scrap its Income Tax for a Payroll Tax

January 9, 2018. According to this article, New York may end its income tax and instead expand its payroll tax as a way to outmaneuver the new federal law that limits deductions for state and local taxes. Gov. Andrew Cuomo said Wednesday during his State of the State address that he is exploring how to make the complicated switch, joining other high-tax states in considering how to protect residents’ tax deductions and state revenue. California and New Jersey leaders have … (read more)

THE 29th PEOPLE’S “RESISTANCE” STATE OF THE STATE: The Empire State Strikes Back

Press Release

For Immediate Release: January 2, 2018

Contact:

Susan Zimet, Hunger Action Network of New York State (C) 845-527-5309

Ron Deutsch, Fiscal Policy Institute (C) 518-469-6769 (O) 518-786-3156 x7160

 

          THE 29th PEOPLE’S “RESISTANCE” STATE OF THE STATE

The Empire State Strikes Back

 (Albany, N.Y.) The 29th Annual People’s State of the State rally took place at the State Street entrance to the State Capitol today. Organizations from across New York State joined together in the freezing cold … (read more)

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 … (read more)

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 … (read more)

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 … (read more)

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 … (read more)

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

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

(read more)

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 … (read more)

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 … (read more)

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 … (read more)