Federal taxes

Economists’ Statement Opposing the Lazio Tax Proposal

July 18, 2008. Over 110 economists from throughout New York state say the Lazio tax cut proposals are economically and socially irresponsible, jeopardizing Social Security and Medicare. Full statement, followed by a list of the economists endorsing it.

Several weeks ago, eight Nobel laureates and over 300 other economists issued a public statement opposing the large-scale tax cuts that are the centerpiece of presidential candidate George W. Bush’s economic proposals.

We, the undersigned, as economists who live and/or work in … (read more)

Nolan had wrong idea about Resolution 99

May 6, 2007. An op ed by Trudi Renwick. Glens Falls Post Star.(read more)

Taxpayers Likely to Pay the AMT in Tax Year 2007 Under Current Law, By State

April 9, 2007. Data from Citizens for Tax Justice.… (read more)

Tax Cuts: Myths and Realities

March 20, 2007. This report from the Center on Budget and Policy Priorities debunks eight tax-cut myths.… (read more)

President Bush’s Budget and New York

February 2007.  A document from the White House gives some detail. Read . … (read more)

The President’s 2007-2008 Budget: What It Means to New Yorkers

February 7, 2007. The budget released on February 5 by President Bush pays for massive tax cuts for the rich by cutting services and programs for the poor. The President’s proposals balance the federal budget only on paper, and make it harder for New York to balance its budget. Report >>.… (read more)

The Fiscal Impact of House 100 Hours Agenda

January 23, 2007.  The combined fiscal impact of the six “100 hours” bills (which implement 9/11 Commission recommendations, close energy tax loopholes and more) is significant: the Congressional Budget Office (CBO) has estimated $21.1 billion in savings and revenue over the next ten years if the bills are signed into law. OMB Watch breaks it down by bill.… (read more)

99 Percent of New Yorkers Lose Under Bush “Tax and Borrow” Fiscal Policies

June 28, 2006. FPI’s release of a new report by Citizens for Tax Justice with state-specific data.… (read more)

Sorting Estate Tax Fact From Fiction

June 5, 2006.  New data from the IRS shows that only 1.6% of New York estates (and only 1.2% of all estates nationally) were subject to taxation in 2004. Press release including a fact sheet from Citizens for Tax Justice.… (read more)

Roth IRA “Conversion” Gimmick May be Used to Mask the True Cost of New Tax Cut Package Nearing Adoption by Congress

May 5, 2006. Press release below; also, links to additional resources.

Roth IRA “Conversion” Gimmick May be Used to Mask the True Cost of New Tax Cut Package Nearing Adoption by Congress

As news reports of the last several days have indicated, the chairs of the Senate Finance Committee and the House Ways and Means Committee have reached an “agreement in principle” on a tax reconciliation bill that would include approximately $70 billion of tax-cut extensions including a two-year extension … (read more)