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FPI Testimony in US Senate on Immigration

March 16, 2016. The director of FPI’s Immigration Research Initiative, David Dyssegaard Kallick, testified today before a U.S. Senate hearing on immigration, making the case that immigrants are contributing robustly to the United States economy,

Written testimony is here.

Video available here. In the video, the hearing starts at 21.08; Kallick’s remarks are at 1:01:15, 1:17:03, and 2:04:05.… (read more)

New York Economists Support a Statewide $15 Minimum Wage; Recent academic research shows it’s good for workers, businesses and the economy

March 14, 2016. More than 75 economists from throughout New York State joined together this week to send a message to Albany: a phased-in increase in the minimum wage to $15 by 2019 in New York City and by mid-2021 in the rest of the state is a prudent and much needed policy that would raise the incomes of struggling low-wage workers and boost their spending power without hurting the state’s economy.

The economists’ statement cites a number of academic … (read more)

Berkeley Report on Impact of $15 NY Minimum Wage Released

March 11, 2016. In a new report from the University of California at Berkeley, noted economist Michael Reich and colleagues take a comprehensive look at the likely impact of a $15 minimum wage in New York State.

This report assesses the broad impact on businesses and the overall economy and employment levels from the proposed phased-in $15 minimum wage. The report makes a significant contribution to the minimum wage literature since it  looks broadly across the economy and factors in … (read more)

Briefing on Mayor deBlasio’s Preliminary FY 2017 NYC Budget: Budgeting Cautiously amid State and Economic Uncertainty

March 10, 2016. In his briefing of NYC Mayor Bill deBlasio’s FY 2017 Preliminary budget, FPI’s James Parrott highlights the following:

  1. Strong economic and tax growth used to further a different set of budget and policy priorities than predecessors: reinvesting in human services; committing new resources to address housing and homelessness; continuing and different investments in public safety; and changing employment and wage policies to aid workers.
  1. Cautious budgeting in the face of economic uncertainty: Outyear gaps have been reduced;
(read more)

Tax Breaks for Wealthy Contributors to Private or Public Schools?

March 2, 2016. The education tax credit proposals currently being discussed have significant drawbacks as outlined in FPI’s new brief.

Both the governor’s proposal and the senate’s represent misguided tax policy for a number of reasons:

  • The PCEA represents a radical and unwise departure from existing state tax policy because it provides an unprecedented proportion (75 or 90 percent) of tax reduction relative to a contribution. It has the potential to lessen charitable contributions for a wide range of
(read more)

Full Implementation of Obama’s Immigration Executive Actions Would Bring $82 Million in Tax Revenues to New York

February 24, 2016. A 50-state study released today by the Institute on Taxation and Economic Policy, co-released in New York by the Fiscal Policy Institute, finds that if President Obama’s executive actions on immigration were permitted to be fully implemented they would bring an additional $82 million in New York state and local tax revenue compared to not having the actions in place.

The executive actions would add to the tax revenue in all 50 states and in the District … (read more)

Instead of a New York City property tax cap, why not reform?

February 10, 2016. An op-ed by James Parrott, City & State.

The New York state Senate approved legislation on January 26 that would cap the growth in New York City property taxes at the lesser of inflation or 2 percent a year. The 45-16 vote occurred while Mayor Bill de Blasio was testifying nearby at a Joint Legislative Budget hearing.

State senators in favor of this bill made a three-pronged argument: property taxes have become too burdensome for middle-class … (read more)

Testimony at the Joint Legislative Public Hearing on the FY 2017 Executive Budget – Workforce Development

February 3, 2016. James Parrott testified at a New York State Senate Finance and Assembly Ways and Means Committees hearing on workforce development about the impace of a $15 an hour minimum wage.… (read more)

New York State Economic and Fiscal Outlook FY 2017

February 3, 2016. In its 26th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2017 Executive Budget.

The Executive Budget advances some bold and progressive proposals that well reflect the values and needs of New Yorkers. In particular, the governor has shown great leadership and vision in forcefully advocating for a first-in-the nation statewide $15 minimum wage. If enacted, the minimum wage increase would lift the incomes of … (read more)

Executive Summary: New York State Economic and Fiscal Outlook FY 2017

February 3, 2016. Vice President Joe Biden once said, “Don’t tell me what you value, show me your budget, and I’ll tell you what you value.”

Governor Cuomo’s 2017 Executive Budget advances some bold and progressive proposals that well reflect the values and needs of New Yorkers. In particular, the governor has shown great leadership and vision in forcefully advocating for a first-in-the nation statewide $15 minimum wage. If enacted, the minimum wage increase would lift the incomes of 3.2 … (read more)