Federal budget

Stiglitz calls for a second stimulus at FPI event

October 8, 2010. FPI presented its Frances Perkins Working People’s award to Nobel economist Joseph Stiglitz at an event in Manhattan on October 7. In his acceptance remarks, Stiglitz made a strong case for additional economic stimulus to put the country firmly on the road to recovery. A good summary of Stiglitz’s remarks by Kathy Brady of the New York City Employment and Training Coalition is available in the October 8 edition of NYCETC’s newsletter, the NYC Workforce Weekly. Article (read more)

Hundreds of millions at stake for New York’s working families: Current tax debate to determine future of key work-supporting tax credits

September 27, 2010. Low- and moderate-income New Yorkers have a huge stake in the tax debate now going on at the national level: over $600 million annually in work-supporting tax credits. Enhancements to the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) that were made by the American Recovery and Reinvestment Act (ARRA) will expire at the end of 2010 unless extended by Congress. A new report from the Fiscal Policy Institute reviews the workings of these … (read more)

Federal Tax Policy at a Crossroads

September 21, 2010. This policy brief compares the distributional impacts on New York taxpayers of President Obama’s plan and an alternative plan laid our in the Senate Republican leadership bill S.3773 – and looks at the impact of the same two proposals on programs and services. Conclusion? There are five reasons that the Bush tax cuts for the wealthy should be allowed to expire as scheduled, and the modifications of those tax cuts enacted as part of the Recovery Act … (read more)

Stingy on Stimulants

August 8, 2010. A letter to the editor by James Parrott, Crain’s New York Business.… (read more)

Testimony by David Dyssegaard Kallick: The relationship between immigration and economic growth

June 30, 2010. Senior fellow David Dyssegaard Kallick testified at a public hearing held by the National Commission on Fiscal Responsibility and Reform to hear ideas from members of the public. He testified about the relationship between immigration and economic growth and about the importance of federal support for state and local governments. Read the testimony.… (read more)

Groups Call Upon Schumer and Gillibrand to Restore Medicaid and COBRA Health Insurance Funding

June 8, 2010. This press release from coalition partners highlights FPI’s analysis of the impact on New York State and New York City of a 6-month extension of the American Recovery and Reinvestment Act’s increased share of state Medicaid costs. The groups also call for extension of ARRA’s assistance with COBRA premiums.… (read more)

The Impact of the American Recovery and Reinvestment Act on New York City

March 1, 2010. Testimony presented by James Parrott before the New York City Council General Welfare Committee. Testimony >>(read more)

Analyzing the Economy of a Large, Urban County: The Case of Kings County, New York

January 2010. An article by James Parrott that shows available data (in this case, for Brooklyn – Kings County) can be used to estimate the economic impact of the American Recovery and Reinvestment Act (ARRA) at the county level. Published in The Journal of County Administration, Parrott’s article begins on page 3 of the issue; see also an introduction by the president of the Brooklyn Chamber of Commerce (p. 1) and an editorial touting such research (p. 10).… (read more)

Recovery Act Keeping Roughly 419,000 New Yorkers Out of Poverty

December 17, 2009. New estimates released today by the Center on Budget and Policy Priorities (CBPP) are based on seven provisions of the American Recovery and Reinvestment Act (ARRA) that directly affect individuals: three tax credits for working families, two unemployment insurance expansions, an increase in food stamps, and a one-time payment for retirees, veterans, and people with disabilities. Not only is the Recovery Act is creating jobs, helping close state and local budget gaps, and boosting the broader economy, … (read more)

Federal Fiscal Relief Is Working as Intended: The Cases of New York and Virginia

May 26, 2009. A new study from the Center on Budget and Policy Priorities profiles the American Recovery and Reinvestment Act (ARRA) in New York and Virginia. The experience of these two states suggests that the state fiscal assistance in the economic recovery legislation is having its intended effect: enabling states to balance their budgets with fewer cuts in public services that would harm residents and further slow the economy. The study is part of a special series of reports, … (read more)