NYS taxes

The Many Problems with New York’s Proposed Minimum Wage Reimbursement Credit

March 25, 2013. This was to have been the year New York caught up with the 19 other states and the District of Columbia with a minimum wage above the $7.25 an hour federal level. Minimum wage legislation that passed the Assembly also would have indexed the minimum wage in future years—as 10 other states do—so that inflation would not steadily erode its purchasing power. However, the agreement reached over the weekend in Albany falls far short. It increases the … (read more)

Testimony at the Joint Legislative Public Hearing on the 2013-2014 Executive Budget – Taxes

February 12, 2013. In this testimony, Frank Mauro made the following six points:

  1. New York State should not cut taxes while the resources provided for education and other essential services are being hit with “Gap Elimination Adjustments” and other austerity measures.
  2. New York State should not provide tax subsidies for companies that outsource jobs or otherwise reduce employment in the state.  Economic development tax breaks should only go to businesses that create and maintain jobs in the state.
  3. Loopholes
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FPI on New York’s 2013-14 State Budget

February 12, 2013. We have updated the Economic and Fiscal Outlook 2013-2014 briefing book that was originally released at FPI’s 23rd annual budget briefing on January 29, and submitted testimony by Carolyn Boldiston on the implications for Human Services of the Governor’s 2013-2014 Executive Budget and testimony by Frank Mauro on Tax Issues related to the Legislature’s consideration of the Executive Budget. We have also completed an analysis, with the New York Women’s Foundation, of the impact of the … (read more)

Coalition and lawmakers call on Governor, Legislature to close corporate tax loopholes to level playing field for small business and restore public services

January 30, 2013. As part of a coalition of community, labor, faith, student and Occupy organizations, the Fiscal Policy Institute has launched a campaign to bring fairness and transparency to New York’s corporate tax system, ending costly loopholes that cost taxpayers and businesses dearly. The coalition is calling on Governor Cuomo and the Legislature to close a series of unfair corporate tax loopholes, raising nearly $1billion for this year’s state budget and leveling the playing field between large out-of-state multinational … (read more)

New York State Economic and Fiscal Outlook 2013-2014

January 29, 2013. The Fiscal Policy Institute’s 23rd annual budget briefing. Briefing Book(read more)

Advocates urge Cuomo to carry through on tax reform commission

May 25, 2012. Tax reform advocacy groups from around the state gathered on May 22 to remind the Governor that he pledged to create a tax reform commission in his State of the State address earlier this year. News coverage:

  • “Omnibus members question Cuomo’s tax plans” – a post by Rick Karlin, Albany Times Union Capitol Confidential blog.
  • “Groups Urge Tax Reform” – a post by Joseph Spector, Albany Watch blog. Includes a video of Ron Deutsch of New Yorkers
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Counterbudget: Putting People First, Budget Issues that Need Attention

March 19, 2012. The Counterbudget was compiled by New Yorkers from Fiscal Fairness with input from FPI and other cooperating organizations. Report and press release.… (read more)

Testimony on the 2012-2013 Executive Budget

February 6, 2012. Testimony presented by Frank Mauro, Executive Director of the Fiscal Policy Institute,to the Senate Finance and Assembly Ways & Means Committees’ Public Hearing on the 2012-2013 Executive Budget.… (read more)

New York State’s Economic and Fiscal Outlook for 2012-2013

January 31, 2012. The Fiscal Policy Institute’s 22nd annual budget briefing. Briefing book >>(read more)

National tax expert calls for closing New York State Tax loopholes

January 31, 2012. Lawmakers, tax experts and advocates gathered to urge that corporate tax loopholes be closed, pointing to a recent report from Citizens for Tax Justice and the Institute on Taxation and Economic Policy, Corporate Tax Dodging In the 50 States, 2008-2010, which reveals glaring inequities in the way that businesses are taxed (or not taxed). Working from the principles of enforcement, fairness, and transparency, the their taxes, reforming the state’s Corporate Alternate Minimum Tax, taxing nonresident hedge … (read more)