Income distribution, inequality and poverty

Join Us for Tax Justice NY!

You are invited to FPI’s new FREE event”Tax Justice NY: Moving from Austerity to Prosperity” in Albany on Monday, December 9th, from 11:30 am – 2:30 pm in Meeting Room 5, Empire State Plaza. Our state’s tax policy is a tool we can all use to eliminate existing racial, ethnic, and gender inequities and increase economic equality for all New Yorkers.  We are excited to partner with state and national advocacy organizations to bring these informative and energizing panel discussions … (read more)

Media Roundup: Working Families Tax Relief Act

More than 6.5 million New York State residents would directly benefit from the Working Families Tax Relief Act (WFTRA) which would provide tax credits and tax reductions to struggling workers and their families. WFTRA would expand the Earned Income Tax Credit (EITC) for families with children and strengthen it for workers not raising children. The legislation would also make the Child Tax Credit (CTC) refundable, allowing children in families with lower incomes to fully benefit from the program.

Learn more … (read more)

Our Federal Tax Policy Can Strengthen NYS Communities

We can use federal tax policy to help struggling New Yorkers and support local communities with the Working Families Tax Relief Act (WFTRA). More than 6.5 million New York State residents would directly benefit from WFTRA’s tax credits and tax reductions to boost incomes – especially helpful as most workers have seen their wages stagnate. WFTRA would expand the Earned Income Tax Credit (EITC) for families with children and strengthen it for workers not raising children. The legislation would also … (read more)

Legislators & Advocates Call for Working Family Tax Credits to Fight Childhood Poverty

On many levels, New York is an affluent state with high median incomes, quality schools, and prosperous corporations, but as the United Way reports, 45 percent of households in NYS cannot afford basic necessities.  As evidenced by the United Way of New York’s comprehensive, data-driven ALICE (Asset Limited, Income Constrained, Employed) report, relying on the federal poverty guidelines is a poor measure – it is clear that while struggling working families may be above the poverty line, they are far … (read more)

Report: Nearly Half of New York Renting Families Are Rent-Burdened

April 29, 2019. Families should pay no more than 30 percent of their income for rent according to housing advocates. Many public agencies set their support levels to meet this standard. Unfortunately, we find that across New York State, and in some of its major cities, significant shares of families are paying more than 30 percent of their income in rent. This is especially true among families of color. Severe rent burdens can badly reduce families’ ability to pay for … (read more)

Press Release: 30th Annual Peoples State of the State

For Immediate Release: January 8, 2019

Media Contact: Susan Zimet, Hunger Action Network of NYS, 845-527-5309 susanzimet@gmail.com Ron Deutsch, Fiscal Policy Institute, 518-469-6769 deutsch@fiscalpolicy.org

30th Peoples State of the State The New Hope Budget New Politics, New Action, New Budget

(Albany, NY) Today’s Peoples State of the State address marks the 30th year that advocates from across New York State joined together for what has become the long standing “unofficial” kickoff of the legislative session in Albany. However, … (read more)

Brief- Ranked Choice Voting: Saving Money While Improving Elections

Ranked Choice Voting: Saving Money While Improving Elections

June 28, 2018. The New York City Charter Review Commission is currently reviewing several proposals for changes to the charter. The proposal for ranked choice voting, also known as instant runoff voting, has garnered a good deal of enthusiasm around the city, but some questions have been raised about what the cost of such a system might be. The Fiscal Policy Institute examined this question, and our conclusion is that there would … (read more)

New York’s Rent Affordability Crisis Hits Families of Color the Hardest

The United States and New York are in the midst of an affordable housing crisis. Nearly 11 million American households pay over half of their income in rent despite the fact that the Department of Housing and Urban Development (HUD) defines “affordable housing” as housing costing below 30 percent of a family’s income for rent. If a family pays more than 30 percent of their income on rent, they are considered “rent burdened.”

In New York State, the affordable housing … (read more)

Wealthy Inequality Forum at Caffé Lena on March 27th

“What Wealth Inequality Looks Like in Our Community,” an interactive program, will take place from 6 to 8:30 p.m. Tuesday, March 27, at Caffé Lena, Phila Street, Saratoga Springs.

Please join the Fiscal Policy Institute’s Ron Deutsch and others in discussing issues like food insecurity, poverty, and the impact of the federal administration’s changes on New York.

 … (read more)

New York State Economic and Fiscal Outlook FY 2019

February 15, 2018. In its 28th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2019 Executive Budget.

The Trump Administration’s tax law, looming federal budget cuts, multi-billion-dollar state budget deficits, glaring unmet human and physical infrastructure needs throughout the state…this year’s New York State budget negotiations are taking shape against a worrisome and uncertain backdrop. The president and congress are threatening to dismantle decades-old federal entitlement programs, make … (read more)