March 2, 2011. Despite Wall Street’s rebound, unemployment and hardship continue; at best, recovery will be very gradual. The revenue rebound does not make up for declining federal and state aid, particularly in education. Human services are being cut, while recent tax changes worsen the regressivity of the City’s tax structure. The City should begin to address several tax inequities and strengthen its revenue base. Briefing >>… (read more)

February 7, 2011. An op ed by James Parrott, New York Times. Part of “Room for Debate” – Will City Pensions Be Cut?… (read more)

December 20, 2010. In the wake of the historic agreement between the President and the Republican Congressional leadership to extend the Bush tax cuts for the wealthiest, the New York City Council’s Progressive Caucus has developed an interesting proposal. The proposal calls for the state of New York to impose a temporary income tax surcharge to recapture for New York the “windfall” high income New York filers will be receiving. Related: an op-ed by Brad Lander, co-chair of the … (read more)

December 6, 2010. Testimony presented by James Parrott before the New York City Council Committee on Finance.… (read more)

June 18, 2010. An op ed by James A. Parrott, The Chief.… (read more)

June 7, 2010. Testimony presented by James Parrott before the New York City Council Committee on Finance.… (read more)

February 9, 2010. Despite Wall Street’s rebound, unemployment and hardship are extremely high for most New Yorkers; at best, recovery will be very gradual. This briefing finds that the Mayor’s proposed budget cuts and the state budget-related contingency cuts will worsen unemployment and hardship. To mitigate the harmful impact of the budget, increased federal fiscal aid is the highest priority, followed by progressive income tax increases – less harmful than budget cuts. Briefing >>… (read more)

April 15, 2008. FPI examines the business tax treatment of “carried interest” earned by private equity fund and hedge fund managers, and finds that closing the carried interest loophole could raise $160-$225 million in new revenue for New York City – while leveling the playing field for New York businesses. Press release, full report.… (read more)

June 3, 2007. An op ed by James Parrott. New York Times.… (read more)

March 19, 2007. An op ed by James Parrott. Crains.… (read more)