NYS taxes

Join Us for Tax Justice NY!

You are invited to FPI’s new FREE event”Tax Justice NY: Moving from Austerity to Prosperity” in Albany on Monday, December 9th, from 11:30 am – 2:30 pm in Meeting Room 5, Empire State Plaza. Our state’s tax policy is a tool we can all use to eliminate existing racial, ethnic, and gender inequities and increase economic equality for all New Yorkers.  We are excited to partner with state and national advocacy organizations to bring these informative and energizing panel discussions … (read more)

Legislators & Advocates Call for Working Family Tax Credits to Fight Childhood Poverty

On many levels, New York is an affluent state with high median incomes, quality schools, and prosperous corporations, but as the United Way reports, 45 percent of households in NYS cannot afford basic necessities.  As evidenced by the United Way of New York’s comprehensive, data-driven ALICE (Asset Limited, Income Constrained, Employed) report, relying on the federal poverty guidelines is a poor measure – it is clear that while struggling working families may be above the poverty line, they are far … (read more)

Press Release: Patriotic Millionaires and Advocates Call Upon State to Raise Revenues from the Wealthy to Support Critical Services

For Immediate Release: February 12, 2019

  Media Contact: Peter Cook, Executive Director, New York State Council of Churches – 508.380.8289 Ron Deutsch, Executive Director, FPI – 518.469.6769 Michael Kink, Executive Director, Strong Economy for All Coalition 518.527.2787 Sam Quigley, Communications Director, Patriotic Millionaires 202.446.0489

 

Patriotic Millionaires and Advocates Call Upon State to Raise Revenues from the Wealthy to Support Critical Services

Albany, NY.  Patriotic Millionaires Chairman Morris Pearl joined numerous organizations from across the state outside the Joint Legislative … (read more)

Brief: New York State’s Continuing Tax Reform: governor’s unincorporated business income tax proposal

July 16, 2018.The State of New York continues to evaluate possible adjustments to its tax system in response to the federal Tax Cuts and Jobs Act of 2017 (TCJA). Governor Cuomo proposed the idea of a statewide unincorporated business income tax (UBT) in early 2018. Perhaps due to the complexity involved, the UBT did not make it into the state budget package along with the other response measures: a payroll tax workaround, decoupling of rules for itemized deductions and … (read more)

Interview: Rethinking the Property Tax Cap

July 20, 2018. The Center on Budget and Policy Priorities recently released a new report on property tax restrictions which concluded that state limits on property taxes should be relaxed or repealed because they make it more difficult for localities to provide services.

Ron Deutsch, Executive Director of the Fiscal Policy Institute, joins Michael Leachman from the Center on Budget and Policy Priorities on Capital Tonight on Spectrum News in discussing how property taxes are unable to keep up … (read more)

Claw-Back Tax Rally on Wall Street and Beyond

March 20, 2018. On March 9th a protest was held on Wall Street demanding that corporations either pay their workers or pay their fair share of taxes. FPI joined the rally, where ordinary tax payers, elected officials, community organizations and labor unions called for a 0.5% New York State tax on stock buyback trades, which would mean corporations using their federal tax cuts simply to benefit their shareholders would have to pay a small New York State tax on … (read more)

New York State Economic and Fiscal Outlook FY 2019

February 15, 2018. In its 28th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2019 Executive Budget.

The Trump Administration’s tax law, looming federal budget cuts, multi-billion-dollar state budget deficits, glaring unmet human and physical infrastructure needs throughout the state…this year’s New York State budget negotiations are taking shape against a worrisome and uncertain backdrop. The president and congress are threatening to dismantle decades-old federal entitlement programs, make … (read more)

Congestion Pricing “vs.” Millionaire’s Tax: Why Not Do Both?

October 30, 2017.

Here’s a story you don’t hear every day: in the latest spat between Governor Andrew Cuomo and New York City Mayor De Blasio, both of them are right. Congestion pricing, the governor’s proposal, and a surcharge to the millionaire’s tax, the mayor’s proposal, are both good ideas.

The not-so-secret feuding between the governor and the mayor has not served New Yorkers well. From the serious to the petty, the two Democrats don’t seem to be able … (read more)

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 … (read more)

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 … (read more)