Federal taxes

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)

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)