NYS taxes

Coalition calls on Governor and Legislature to close corporate tax loopholes and level the playing field for small business

January 9, 2012. A coalition of community, labor, student, faith and Occupy organizations gathered to release a list of corporate tax dodgers and to announce their campaign to bring fairness and transparency to New York’s corporate tax system. The group, which formed last year to work on the “millionaires tax” and personal income tax reform, is calling on Governor Cuomo and the Legislature to close corporate tax loopholes, thereby raising over one billion dollars for this year’s state budget. The … (read more)

Reforming the New York Tax Code

December 5, 2011. Consistent with Governor Cuomo’s call for a tax system that is fairer and more affordable while helping to put more New Yorkers back to work, this report presents a “top 1%” progressive income tax plan. The plan raises less revenue than the current “millionaires tax,” but enough revenue to avoid job-killing budget cuts, make job-creating investments, and provide middle class tax relief. The proposed progressive bracket structure would apply to taxpayers with incomes above $665,000, the estimated … (read more)

Fairer taxes, more jobs: Gov. Cuomo needs to look out for the unemployed

December 4, 2011. An op ed by James Parrott and Frank Mauro, New York Daily News. New York is in a state of inequality. But we can balance the budget, provide real middle class tax relief and a boost to job creation, all through sensible income tax reform.… (read more)

New York’s Unemployment Crisis and Income Polarization: Looking to State Policy for Solutions

December 2, 2011. A presentation by James Parrott at the Center for Working Families’ 2011 NYS policy conference: Good Ideas in Hard and Exciting Times: Policies for New York’s 99%. The last two slides show the overall regressivity of the New York State and New York City tax systems.… (read more)

Governor Cuomo’s Fiscal Policies: How Will New York’s Economy Be Affected?

June 24, 2011. Governor Cuomo won a great political victory in getting his 2011-2012 budget adopted on time and with very few changes. And it now looks like the Legislature will be enacting – again with very few changes – the very tight cap on property tax levies that the Governor spelled out during his 2010 campaign. This brief examines how the New York economy fared, compared to other states, under the more balanced fiscal policies of recent years. But … (read more)

A Harder Struggle, Fewer Opportunities: The Impact of the Governor’s Proposed Budget on Women, Children and Families

March 23, 2011. This report, prepared for the New York Women’s Foundation, shows that the Executive Budget takes away from an array of vital programs that strengthen women’s ability to support themselves and their families, and keep them healthy and safe. Obstacles are placed in the paths of women trying to improve their lives and those of their children. The proposed assembly and senate budgets move in the right direction by moderating some of the proposed spending reductions. … (read more)

Short Term Property Tax Relief and Long Term Tax Reform: An Omnibus Approach

March 1, 2011. At the public hearing on the Governor’s proposed “Cap on Real Property Taxes” before the Assembly Standing Committees on Ways and Means, Education, Real Property Taxation, Local Government and Cities, Frank Mauro, FPI’s executive director, explained why a cap on real property taxes would not effectively protect those most in need of property tax relief, and would exacerbate inequities in the current school finance system. In the short run, a property tax circuit breaker would provide effective … (read more)

A Balanced Approach to Closing State Deficits

February 25, 2011. Most states are heading into their fourth year of fiscal crisis facing severe revenue shortfalls that require closing huge deficits. The choices states make about how to close those deficits have serious implications both in the short and long term. States that rely solely or primarily on widespread budget cuts to close deficits are harming residents and businesses that need immediate assistance; they also are reducing demand in the economy and impeding their state’s economic recovery. This … (read more)

Cuomo’s austerity budget will kill N.Y. jobs: Why not tax the top 5% instead of slashing services?

February 24, 2011. An op ed by Frank Mauro and James Parrott, New York Daily News.… (read more)

FPI responds to the Partnership report: Can New York Depend on a “Millionaire’s Tax” to Solve the Budget Crisis?

February 14, 2011. The personal income tax (PIT) surcharge should be continued. It is not onerous, and it is offset by federal tax cuts. Moreover, unemployment is projected to stay above 7 percent until 2014; budget cuts worsen unemployment and the adversity experienced by many families in a weak economy. New York needs a balanced approach to balancing the budget, one that looks also at the revenue side, rather than relying too heavily on the cutting side. Brief >>(read more)