Must Read

Immigration Reform Would Improve Economic Productivity

June 4, 2013. A new report from the Fiscal Policy Institute shows that legalizing undocumented immigrants, paired with labor standards enforcement, would boost economic productivity. Reform would remove barriers to advancement for newly legalized immigrants, create a level playing field for businesses, and align our systems of taxation, social services, and social insurance so that they would function as they are supposed to.

“Immigration reform, done right, would be good for immigrants, but it would also be good for all … (read more)

Tax-Free New York – Bad Tax Policy, Bad Economic Development Policy

June 11, 2013. This brief concludes that Tax-Free New York is bad tax policy and bad economic development policy. From a tax policy perspective, the Tax-Free NY proposal is inconsistent with the two long-established pillars of tax fairness—horizontal equity and vertical equity.  In addition, New York State’s past experience with geographically-targeted business tax incentives should raise huge red flags regarding the efficacy of the proposal as an economic development strategy.

Besides being diametrically opposed to the principles of tax fairness, … (read more)

Barriers to Entry: The Increasing Challenges Faced by Young Adults in the NYC Labor Market

May 2, 2013. A new report from JobsFirstNYC and co-authored by James Parrott, Deputy Director and Chief Economist, Fiscal Policy Institute, and Lazar Treschan, Director of Youth Policy, Community Service Society, takes an in-depth look at both the supply and demand dimensions of the job market faced by New York City’s 18- to 24-year-old young adult population. Barriers to Entry: The Increasing Challenges Faced by Young Adults in the New York City Labor Market looks at changes in the city’s … (read more)

The Gilded City of New York

April 18, 2013. In a special issue of The Nation that includes over 20 stories about New York City under Mayor Bloomberg, a picture is painted of a two-tiered urbanism. The lead story by The Nation’s editors describes the heightened income polarization in New York City and cites data from various FPI analyses, including Pulling apart: The continuing impact of income polarization in New York State.

Here is New York in 2013: a city of dazzling resurrection and official … (read more)

Walmart and other large, low-wage employers will benefit financially from New York’s new Minimum Wage Reimbursement Credit.

April 5, 2013. Unless disclosure requirements are clarified, we’ll probably never know exactly how much Walmart and other large, low-wage employers receive in government subsidies under New York’s new Minimum Wage Reimbursement Credit (MWRC). But based on the best data available, we estimate that Walmart is likely to receive MWRC subsidies of between $53 million and $85 million over the next five years.

New York’s new MWRC will provide employers a tax credit for the hours worked by students between … (read more)

Federal tax credits for working families need to be protected and strengthened as part of tax reform efforts

April 10, 2013. With policymakers in Washington calling for federal tax reform, the Fiscal Policy Institute said it is essential that members of Congress consider the beneficial long-term impacts of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) as well as these credits’ short-run benefits. In emphasizing the importance of making the current temporary enhancements of these credits permanent, FPI pointed to a new report from the Center on Budget and Policy Priorities that pulls together … (read more)

NYS DREAM Legislation: A Strong Return on Investment

February 27, 2013. A proposal is gaining ground in New York State that would allow all students—including those who are undocumented immigrants—equal access to the state’s Tuition Assistance Program. Last year, the Fiscal Policy Institute published an analysis of the costs and benefits of the proposal. This new report digs deeper into the fiscal and economic benefits to New York State, and shows that if the proposal were financed through the income tax the cost to a typical taxpayer would … (read more)

A federal minimum wage hike would help 1.5 million New York workers and our economy

August 14, 2012. One of the best ways to speed up economic growth is to give a lift to the wages of the lowest paid workers.

Legislation awaits action now in Washington, D.C., that would boost the federal minimum wage in three 85 cent steps from $7.25 to $9.80 an hour. According to new estimates released today by the Economic Policy Institute (EPI), this proposal would benefit 1.5 million New York workers, raising their pay by $2 billion over three … (read more)

FPI’s immigration research cited: The White House Blog

July 12, 2012. Blogging from the White House, Jason Furman and Danielle Gray of the National Economic Council mention FPI’s June 2012 report on immigrant small business owners in their post Ten Ways Immigrants Help Build and Strengthen Our Economy.

America is a nation of immigrants. Our American journey and our success would simply not be possible without the generations of immigrants who have come to our shores from every corner of the globe. It is helpful to take … (read more)

Immigrant Small Business Owners: A Significant and Growing Part of the Economy

June 14, 2012. More than one in six small business owners in the United States is an immigrant, according to a new report from FPI’s Immigration Research Initiative. Immigrants – people born in another country – make up 18 percent of all small business owners in the United States. By contrast, immigrants are 13 percent of the population and 16 percent of the labor force, according to the American Community Survey from 2010. That’s a big change from 20 years … (read more)