Press Releases

HOUSE TAX PLAN: BENEFIT FOR RICHEST 1% in NYS GROWS OVER TIME

HOUSE TAX PLAN: BENEFIT FOR RICHEST 1% in NYS GROWS OVER TIME By 2027 Wealthiest 1% Get Average Tax Cut of $34,000 and Poorest 20% Get $90 A 50-state analysis of the House tax plan released last week reveals that in New York State the wealthiest 1 percent of New Yorkers will receive the greatest share of the total tax cut in year one and their share would grow through 2027. Further, the value of the tax cut would decline over time for every [...]

Fiscal Policy Institute2024-12-18T12:26:37-05:00November 9th, 2017|Blog, Press Releases|

Progressive Organizations Join Together to Urge Opposition to ConCon

Press Release For Immediate Release: Contact: October 30, 2017 Ron Deutsch, Fiscal Policy Institute (518) 469-6769 Progressive Organizations Join Together to Urge Opposition to ConCon The Risk is Simply Too Great Progressive organizations from across New York State joined together today to voice their opposition to a Constitutional Convention. The groups suggested that for virtually all New Yorkers, there is simply more to lose than to gain by holding a Constitutional Convention. The groups highlighted multiple concerns with the rigged delegate selection process, the [...]

Fiscal Policy Institute2024-12-18T12:26:38-05:00October 30th, 2017|Press Releases|

Cassidy-Graham Bill Would Deeply Cut Health Coverage Funding for New York

For Immediate Release August 24, 2017 Media Contact: Ron Deutsch, Executive Director, FPI 518-469-6769 Cassidy-Graham Bill Would Deeply Cut Health Coverage Funding for New York New York Faces Deepest Cuts of All States (Albany, NY)— A new Affordable Care Act (ACA) repeal bill would cut New York’s federal funding by $22 billion for health coverage by 2026, according to a new report by the Center on Budget and Policy Priorities based in Washington DC. New York would be the hardest-hit state, with an eye-popping estimated [...]

Fiscal Policy Institute2024-12-18T12:26:39-05:00August 24th, 2017|Healthcare, Press Releases|

Response from Governor Cuomo, Senate Leader Flanagan and Speaker Heastie to Largest Bid-Rigging Scandal in State History: NOTHING

Response from Governor Cuomo, Senate Leader Flanagan and Speaker Heastie to Largest Bid-Rigging Scandal in State History: NOTHING Elected leaders fail to pass common sense reforms to curb sky-high corruption risks revealed in $800m state contracting scandal (June 22, 2017, Albany) A coalition of prominent government watchdog groups say Governor Cuomo, Senate Leader Flanagan and Speaker Heastie have completely failed to address the huge problems revealed by last year’s alleged rigging of $800m in state economic development contracts and that billions of state funds remain [...]

Fiscal Policy Institute2024-12-18T12:26:41-05:00June 22nd, 2017|Press Releases|

Legislature Must Act Now: Clean Contracting Reforms

For immediate release: June 14, 2017 Legislature Must Act Now Groups say Flanagan, Heastie and Cuomo must pass meaningful Clean Contracting reforms in response to $800m state bid-rigging scandal Albany, New York - Prominent budget and transparency watchdog groups today called on the legislative leaders to act on their public statements on clean contracting, and pass meaningful legislation in response to the largest bid-rigging scandal in state history. Senate President John Flanagan and Assembly Speaker Carl Heastie are both on the record as supporting action this session on clean contracting: Senate President Flanagan has called the issue “extraordinarily important” and [...]

Fiscal Policy Institute2024-12-18T12:26:42-05:00June 14th, 2017|Press Releases|

Trump Budget Would Shift Huge SNAP Costs to New York and Put New Yorkers at Risk of Going Hungry

For Immediate Release: June 13, 2017 Media Contact: Ron Deutsch (FPI) 518-469-6769 Sherry Tomasky (Hunger Solutions) 518-414-2570 Trump Budget Would Shift Huge SNAP Costs to New York and Put New Yorkers at Risk of Going Hungry Albany, NEW YORK – President Trump’s budget proposal would shift a significant share of the cost of the Supplemental Nutrition and Assistance Program’s (SNAP, previously known as Food Stamps) benefits to states and, for the first time, allow states to cut SNAP benefits, seriously threatening SNAP’s extraordinary [...]

Fiscal Policy Institute2024-12-18T12:26:42-05:00June 13th, 2017|Press Releases, Tax Policy|

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 top 1 percent’s income has grown [...]

Fiscal Policy Institute2024-12-18T12:26:45-05:00March 23rd, 2017|Press Releases, Tax Policy|

Press Release: Over 80 Wealthy New Yorkers Urge Governor Cuomo to Extend and Expand Millionaires’ Tax

FOR IMMEDIATE RELEASE: March 21, 2017 Contact: Ron Deutsch, Fiscal Policy Institute, 518-469-6769, deutsch@fiscalpolicy.org Mike Leyba, Responsible Wealth, 562-266-4357, mleyba@faireconomy.org Over 80 Upper-Income New Yorkers Urge Governor Cuomo and Legislature to Extend and Expand the Millionaires’ Tax As New York State braces for proposed federal budget cuts that could have a devastating impact on health care, education and infrastructure investments across the state, more than 80 New York residents with incomes in the top 1% have sent an open letter to Governor Andrew Cuomo and the [...]

Fiscal Policy Institute2024-12-18T12:26:46-05:00March 21st, 2017|Press Releases, Tax Policy|

Statement on Governor Cuomo’s FY 2018 Budget Proposal

January 18, 2017. Making state and local taxes less regressive in New York is a top priority for our organization. We are pleased to see the Executive Budget proposal include an extension of the millionaires’ tax and applaud the Governor for making this the centerpiece of his new budget. Given the great income disparities in our state, we think the Governor and the legislature should go further. We would like to see the millionaires’ tax made permanent and to have additional brackets added at the [...]

Fiscal Policy Institute2024-12-18T12:26:58-05:00January 18th, 2017|Press Releases, State Budget|

New Census Data Show Improvement in Poverty and Incomes in New York State

September 19, 2016. New York has reason to be optimistic as poverty is declining and incomes are on the upswing, according to new data from the U.S. Census Bureau. FPI notes that there were significant declines in the overall poverty rates for New York State and New York City in 2015 from 2014 (but no other significant year-over-year changes). The New York State poverty rate for 2015 was 15.4%, down 0.5% from 2014 (15.9%) resulting in approximately 90,000 fewer New Yorkers living in poverty. New [...]

Fiscal Policy Institute2024-12-18T12:26:59-05:00September 19th, 2016|Economic Trends & Policy, Labor Market & Workforce, Press Releases|

New York State Leads Nation in Income Inequality

June 16, 2016. In Income inequality in the US by state, metropolitan area, and county, a new report published by the Economic Policy Institute (EPI) for the Economic Analysis and Research Network (EARN), Mark Price, an economist at the Keystone Research Center in Harrisburg, PA and Estelle Sommeiller, a socio-economist at the Institute for Research in Economic and Social Sciences in Greater Paris, France detail the incomes of the top 1 percent and the bottom 99 percent by state, metropolitan area, and county. “Great income [...]

Fiscal Policy Institute2025-04-04T14:27:27-04:00June 16th, 2016|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|

Analysis of Refugee Groups Provides Evidence of High Levels of Integration Across Indicators

June 16, 2016. The Fiscal Policy Institute and the Center for American Progress released a report that analyzes how four key refugee groups—Bosnians, Burmese, Hmong, and Somalis—in the United States are doing on key indicators of integration, such as wages, labor market participation, business ownership, English language ability, and citizenship. As the United States and other countries wrestle with how to handle the sharp rise in the number of people around the globe displaced by conflict and persecution, the long-term experiences of the four groups studied [...]

Fiscal Policy Institute2024-12-18T12:26:59-05:00June 16th, 2016|Migration, Press Releases, Reports, Briefs and Presentations|

Nearly 1 million NYS workers will benefit from new Federal overtime rule

May 18, 2016. FPI applauds the White House and Labor Secretary Thomas Perez in announcing a new federal overtime regulation today requiring overtime pay for most salaried workers earning up to $47,476 a year (or $913 weekly). FPI’s James Parrott stated, “This will benefit an estimated 982,000 New York salaried workers with either additional pay for more than 40 hours a week, or by scaling back the long hours they work each week without any reduction in pay.” The Washington, D.C.-based Economic Policy Institute, a [...]

Fiscal Policy Institute2024-12-18T12:27:00-05:00May 18th, 2016|Economic Trends & Policy, Press Releases, Reports, Briefs and Presentations|

Statement on Minimum Wage Announcement

March 31, 2016. The Fiscal Policy Institute is pleased to hear that a deal has been reached on increasing the minimum wage and that New York is on a path to $15 for all workers. This historic decision will provide wage increases to over 3.1 million New Yorkers that need and deserve a raise. Approximately 46 percent of workers benefiting from this increase, those in New York City, will see their wages rise to $15 per hour by the end of 2018 (2019 for workers in [...]

Fiscal Policy Institute2024-12-18T12:27:00-05:00March 31st, 2016|Economic Trends & Policy, Labor Market & Workforce, Press Releases|