Press Releases

Immigration Reform Would Improve Economic Productivity

June 4, 2013. A new report from the Fiscal Policy Institute shows that legalizing undocumented immigrants, paired with labor standards enforcement, would boost economic productivity. Reform would remove barriers to advancement for newly legalized immigrants, create a level playing field for businesses, and align our systems of taxation, social services, and social insurance so that they would function as they are supposed to. “Immigration reform, done right, would be good for immigrants, but it would also be good for all Americans,” said David Dyssegaard Kallick, [...]

Fiscal Policy Institute2024-12-18T12:27:52-05:00June 12th, 2013|Migration, Must Read, Press Releases, Reports, Briefs and Presentations|

Groups Say Tax Free-NY is Bad Economic Development Policy, Bad Tax Policy and Bad for New York.

June 11, 2013. Frank Mauro of the Fiscal Policy Institute joined with community, student and labor groups at a press conference in the Legislative Office Building in Albany to urge the Legislature to reject the Governor's ill-conceived Tax-Free NY proposal. The press conference was organized by Ron Deutsch, the executive director of New Yorkers for Fiscal Fairness. Mauro distributed FPI’s new report on the Tax-Free NY proposal at the press conference which was covered by a number of news outlets including the (Albany) Times Union, [...]

Fiscal Policy Institute2024-12-18T12:27:52-05:00June 11th, 2013|Press Releases, Tax & Budget, Tax Policy|

$9 with indexing adds hundreds of millions of dollars more in consumer spending and more jobs

March 13, 2013. A report by the National Employment Law Project and the Fiscal Policy Institute shows the dangers of watering down the $9.00 plus indexing minimum wage proposal, which has the backing of most New Yorkers and majorities in both the Senate and the Assembly. The report details the greater benefits for workers and the state economy from an increase to $9.00 an hour with indexing compared to the proposal for an $8.75 an hour increase without indexing: $9.00 plus indexing would boost the [...]

Fiscal Policy Institute2024-12-18T12:27:56-05:00March 13th, 2013|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|

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 corporations and New York based [...]

Fiscal Policy Institute2024-12-18T12:27:58-05:00January 30th, 2013|Press Releases, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|

Raising New York’s Minimum Wage: The Economic Benefits and Demographic Impact of Increasing New York’s Minimum Wage to $8.75 per Hour

January 28, 2013. A minimum wage increase included in Governor Cuomo’s budget proposal, released last Tuesday, would raise the paychecks of over 1.5 million low-paid New Yorkers, according to a new report from the Fiscal Policy Institute and the National Employment Law Project. The Governor’s proposal would raise the state’s minimum wage from $7.25 to $8.75 per hour on July 1, 2013, and the increased wages would generate more than $1 billion in new consumer spending, supporting the creation of 7,300 new full-time jobs across [...]

Fiscal Policy Institute2024-12-18T12:27:59-05:00January 28th, 2013|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|

Fiscal Policy Institute’s Mauro to step down

January 7, 2013. Frank Mauro will be stepping down as FPI's Executive Director at the end of New York’s 2013 Legislative session. Mauro has long been one of Albany’s best known experts on budget and public policy issues from his work at FPI and earlier as Secretary of the NYS Assembly Ways and Means Committee, director of Assembly Speaker Stanley Fink’s Program Development Group, director of research for the last major revision of the New York City Charter, and Deputy Director of the Rockefeller Institute [...]

Fiscal Policy Institute2024-12-18T12:27:59-05:00January 7th, 2013|Press Releases, Tax & Budget|

FPI and CBPP: Ryan Budget Takes Billions out of New York

August 8, 2012. Today the Center on Budget and Policy Priorities released a new report showing that a "Cuts Only" approach to reducing the federal deficit would drastically cut federal investments in education, roads and bridges, and disaster relief. Cuts of this magnitude would do great damage to the economy. FPI's press release (below) highlights the fact that the House-passed "Ryan Budget," a prime example of the "Cuts Only" approach, would cost New York state and local governments $2.7 billion in 2014 alone and $21.2 [...]

Fiscal Policy Institute2024-12-18T12:28:15-05:00August 8th, 2012|Press Releases, Tax & Budget|

Immigrant Small Business Owners: A Significant and Growing Part of the Economy

June 14, 2012. More than one in six small business owners in the United States is an immigrant, according to a new report from FPI's Immigration Research Initiative. Immigrants - people born in another country - make up 18 percent of all small business owners in the United States. By contrast, immigrants are 13 percent of the population and 16 percent of the labor force, according to the American Community Survey from 2010. That's a big change from 20 years ago, when immigrants made up [...]

Fiscal Policy Institute2024-12-18T12:28:18-05:00June 14th, 2012|Migration, Must Read, Press Releases, Reports, Briefs and Presentations|

Helping the Helpers Will Help Us All: The Economic Situation of New York City’s Health Care and Social Assistance Sector

May 7, 2012. A new report from FPI looks at the importance of jobs in the nonprofit health care and social assistance sector in New York City, and examines how the hardships facing the city's low-income population - the main constituency served by the nonprofit human services sector - have grown in the wake of the Great Recession of 2008-2009 and the weak recovery over the past three years. Full report Press release Companion report released by the Human Services Council of New York City Also [...]

Fiscal Policy Institute2024-12-18T12:28:19-05:00May 7th, 2012|Economic Outlook, Economic Trends & Policy, Must Read, Press Releases, Reports, Briefs and Presentations, Social Policy|

Groups call on Governor Cuomo to drop transfer language from state budget

March 8, 2012. FPI and 16 other groups delivered a letter to Governor Andrew Cuomo today asking him to drop language included hundreds of times in his executive budget proposal for 2012-2013. The language undercuts legislative authority and effectively removes the public from decisions regarding the use of taxpayer money by giving the Governor power to move money between state agencies without oversight. The language goes even further than that, authorizing suballocations from "on budget" state agencies to "off budget" public authorities. Press release >> [...]

Fiscal Policy Institute2024-12-18T12:28:21-05:00March 8th, 2012|Blog, Press Releases, State Budget, Tax & Budget|

Blacks and Hispanics bear the brunt of the continuing unemployment crisis – in New York and across the country

February 16, 2012. New data show that New York's black and Hispanic workers have been hit especially hard by joblessness during the recession and the weak recovery. According to a report released today by the Economic Policy Institute, No relief in 2012 for high unemployment for African Americans and Latinos, New York is one of 14 states with double digit unemployment rates for both blacks and Hispanics. Press release with New York figures>>

Fiscal Policy Institute2024-12-18T12:28:21-05:00February 16th, 2012|Economic Outlook, Economic Trends & Policy, Press Releases|

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 fund management fees, eliminating New York [...]

Fiscal Policy Institute2024-12-18T12:28:22-05:00January 31st, 2012|Press Releases, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|

Raising New York’s minimum wage will boost the state economy

January 30, 2012. The change would directly benefit about one in six of New York workers - that is, 1.6 million low-wage workers - and their families. Most (90 percent) of these low-wage workers are adults and a greater share are women, black or Hispanic than for New York workers overall. The minimum wage in New York is low by historical standards - at one time it could keep a family of three out of poverty - and in comparison to other states. Moreover, the [...]

Fiscal Policy Institute2024-12-18T12:28:22-05:00January 30th, 2012|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|