Tax & Budget Archives - Page 12 of 35 - Fiscal Policy Institute

Trump Budget Would Shift Huge SNAP Costs to New York and Put New Yorkers at Risk of Going Hungry

For Immediate Release: June 13, 2017 Media Contact: Ron Deutsch (FPI) 518-469-6769 Sherry Tomasky (Hunger Solutions) 518-414-2570 Trump Budget Would Shift Huge SNAP Costs to New York and Put New Yorkers at Risk of Going Hungry Albany, NEW YORK – President Trump’s budget proposal would shift a significant share of the cost of the Supplemental Nutrition and Assistance Program’s (SNAP, previously known as Food Stamps) benefits to states and, for the first time, allow states to cut SNAP benefits, seriously threatening SNAP’s extraordinary [...]

Anthony Troia2021-01-08T09:09:35-05:00June 13th, 2017|Press Releases, Tax Policy|

Being Poor: Meet ALICE the Working Poor

May 22, 2017. FPI's Ron Deutsch joins Reg Foster, President and CEO of the United Way of New York State, Sharon F. Owens of Syracuse Community Connections and Stephanie Hoopes Halpin, PhD National Director of United Way ALICE Project on a WPBS special to discuss why the employed can be considered impoverished and what can be done to help these families. Ron argues that there are millions of New Yorkers struggling to make ends meet and that the federal poverty level is an antiquated measure [...]

Anthony Troia2021-01-07T13:41:21-05:00May 22nd, 2017|FPI in the News, Tax Policy|

Two Tax Code Changes That Could Greatly Benefit Working New Yorkers

Editorial By Ron Deutsch and Reg Foster for New York Nonprofit Media April 14, 2017 We may see this year, among other surprises from Washington, the first effort in many years to make significant revisions to the tax code. In the last presidential election, all sides expressed concern for the conditions of working Americans who are facing retreating opportunities and wages. We hope for a resurgent economy, but for now, revamping the tax code offers an opportunity to actually help New Yorkers in a way that [...]

Anthony Troia2021-01-07T12:46:25-05:00April 21st, 2017|FPI in the News, Tax Policy|

Report: New York Gives Corporations More In Tax Breaks Than Any Other State

by Nathan Tempey April 10, 2017 New York's business tax incentives, a cornerstone of Governor Cuomo's two terms in office, are the most expensive and among the least effective of any in the country, according to a recent study by an economist. …Developers who so happen to be Cuomo donors and recipients of tax breaks and copious state money for similar signature economic development projects are also at the center of federal criminal cases against two former aides to the governor and his handpicked nano-technology [...]

Anthony Troia2021-01-07T12:48:32-05:00April 11th, 2017|FPI in the News, Tax Policy|

FPI Releases 2017-2018 Budget Statement

For immediate release: April 11, 2017 Contact: Ron Deutsch, Executive Director 518-786-3156 (o), 518-469-6769 (c), deutsch@fiscalpolicy.org David Dyssegaard Kallick, Senior Fellow, Director, Immigration Research Initiative 212-721-7164 (o), 646-284-1240 (c), ddkallick@fiscalpolicy.org FPI Statement on 2017-18 Enacted State Budget There’s no question the newly-minted state budget contains some important public policy issues that should be lauded. However, given the governor’s very vocal concerns about funding threats from Washington, we sadly missed an opportunity to be proactive in protecting New York from potential federal budget cuts, and to [...]

Anthony Troia2021-01-07T12:48:49-05:00April 11th, 2017|Blog, State Budget|

Over 80 Upper-Income New Yorkers Urge Governor Cuomo and Legislature to Extend and Expand the Millionaires’ Tax

March 21, 2017. The Fiscal Policy Institute and Responsible Wealth released a letter signed by over 80 wealthy New Yorkers urging Governor Cuomo to extend and expand the millionaires' tax, currently in place but set to expire at the end of this year. Signers include Eileen Fisher, Abigail Disney, Steven C. Rockefeller, George Soros, David A. Levine, Dal LaMagna, Lewis B. Cullman, among other notable names. All signers, many members of the Responsible Wealth project, are residents of New York State with annual incomes of $650,000 or [...]

Anthony Troia2021-01-07T12:31:55-05:00March 24th, 2017|Blog, Tax Policy|

FPI Policy Brief Press Statement: Time to Expand the Millionaires’ Tax

FOR IMMEDIATE RELEASE: Contact: Ron Deutsch, Fiscal Policy Institute, 518-469-6769, deutsch@fiscalpolicy.org March 7, 2017. The Fiscal Policy Institute (FPI) recently released a Policy Brief analyzing New York’s gross income disparity, recommending common sense solutions to narrowing the gap. Since the 1980s, the income gap in the United States—as indicated by the wealthiest 1 percent’s share of total income—has grown significantly. In fact, the Congressional Budget Office (CBO) has been compiling income data since 1979, and has found that the top 1 percent’s income has grown [...]

Anthony Troia2021-01-07T12:33:11-05:00March 23rd, 2017|Press Releases, Tax Policy|

AP News: Rich New Yorkers Ask State to Raise Their Taxes

March 21, 2017 ALBANY, N.Y. (AP) -- Some of the wealthiest New Yorkers are asking the state to raise their taxes. Eighty people including George Soros, Steven Rockefeller and Abigail Disney wrote to lawmakers and Democratic Gov. Andrew Cuomo saying they and other top earners can afford to pay more to support schools, roads, bridges and programs to help poor and homeless New Yorkers. (read more)

Anthony Troia2021-01-07T12:34:28-05:00March 21st, 2017|FPI in the News, Tax Policy|

Press Release: Over 80 Wealthy New Yorkers Urge Governor Cuomo to Extend and Expand Millionaires’ Tax

FOR IMMEDIATE RELEASE: March 21, 2017 Contact: Ron Deutsch, Fiscal Policy Institute, 518-469-6769, deutsch@fiscalpolicy.org Mike Leyba, Responsible Wealth, 562-266-4357, mleyba@faireconomy.org Over 80 Upper-Income New Yorkers Urge Governor Cuomo and Legislature to Extend and Expand the Millionaires’ Tax As New York State braces for proposed federal budget cuts that could have a devastating impact on health care, education and infrastructure investments across the state, more than 80 New York residents with incomes in the top 1% have sent an open letter to Governor Andrew Cuomo and the [...]

Anthony Troia2021-01-07T12:34:51-05:00March 21st, 2017|Press Releases, Tax Policy|

March 2017 NYC Budget Presentation

In his briefing on Mayor deBlasio’s Preliminary FY 2018 NYC Budget, James Parrott highlights the following: Cautious in face of an uncertain Washington: Federal aid is 1/3 of State budget (which is 18% of City budget); 8-10 % of City budget; 64% of NYCHA budget; and nearly half of the Health and Hospitals budget. State budget better this year, but still challenges: Governor proposed to extend millionaires tax, but it should be enhanced; threat to CFE-settlement determined school aid; handful of negative budget impacts for NYC. Before Trump’s [...]

Anthony Troia2021-01-07T12:36:02-05:00March 16th, 2017|Blog, State Budget|

2017 Budget Forum, Elmira, NY

March 8, 2017 - Fiscal Policy Institute Holds Information Session ELMIRA, N.Y. (18 NEWS) - The Fiscal Policy Institute, a group affiliated with the labor movement offered an information session on the state budget at Catholic Charities in Downtown Elmira on Wednesday. One major issue discussed was the millionaires' tax, which is set to expire at the end of this year. State legislators can let it expire, extend it as is, or expand it. The Fiscal Policy Institute claims expanding the millionaires' tax would largely [...]

Anthony Troia2021-01-07T12:38:17-05:00March 9th, 2017|Blog, State Budget|

Policy Brief: Expand the Millionaires’ Tax and Address New York’s Worst-in-the-Nation Income Inequality

March 7, 2017. The millionaires’ tax is New York’s fiscal Swiss Army knife, a tool that addresses many different needs. It helps fund important priorities, balance the New York State budget, respond to heightened income inequality, and lessen the overall regressive state and local tax structure. And it is very much needed in New York today. PDF of full Policy Brief

Anthony Troia2021-01-07T12:38:56-05:00March 7th, 2017|Reports, Briefs and Presentations, State Budget|

Policy Brief: Federal Funding Cuts Could Cause Significant Budget Woes For NYS

February 23, 2017. New York State faces gargantuan budget challenges if the current federal administration is successful in pursuing the many cuts in funding to states proposed thus far. In its most recent policy brief, the Fiscal Policy Institute points out that over one-third of New York’s All Funds budget is comprised of federal funds and billions in additional funds are also sent to local governments, schools, and transportation. Altogether, over $70 billion in federal aid flows to the state and its local governments. The [...]

Anthony Troia2021-01-07T12:27:43-05:00February 23rd, 2017|Blog, State Budget|

Testimony at the Joint Legislative Public Hearing on the FY 2018 Executive Budget – Taxes

February 7, 2017. Executive Director Ron Deutsch testified before the Senate Finance and Assembly Ways and Means Committees on the Governor’s FY 2018 Proposed Budget and Financial Plan. Income inequality, as indicated by the richest 1 percent share of total income, has grown substantially since 1980 in New York State as well as nationally. One of the most sensible tools the state has to address the growing income gap in New York is the millionaires' tax. The proposed extension of the millionaires' tax will help narrow the gap, [...]

Anthony Troia2021-01-07T12:26:48-05:00February 7th, 2017|State Budget, Testimony|

New York State Economic and Fiscal Outlook FY 2018

February 7, 2017. In its 27th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2018 Executive Budget. This year’s New York State budget negotiations take shape against a worrisome backdrop. The president and congress are threatening to dismantle the Affordable Care Act, make drastic cuts to programs that help millions of New Yorkers, and create a hostile environment for the states four million immigrants. The state has an important role to play to help [...]

Anthony Troia2021-01-07T12:24:59-05:00February 7th, 2017|Blog, Reports, Briefs and Presentations, State Budget|