FPI Comments: Proposed Regulations, Medicare Prescription Drug Program

October 4, 2004. Comments on the Medicare Prescription Drug Benefit, submitted by Trudi Renwick, Senior Economist, Fiscal Policy Institute.… (read more)

Testimony before the Board of the Metropolitan Transportation Authority

September 29, 2004. David Dyssegaard Kallick and Lava Thimmayya spoke at a meeting of the board of the MTA.

David Dyssegaard Kallick Senior Fellow, Fiscal Policy Institute and Coordinator, Labor Community Advocacy Network to Rebuild New York (LCAN)

Thank you for the opportunity to testify today. My name is David Dyssegaard Kallick, and I am senior fellow of the Fiscal Policy Institute. I am also coordinator of the Labor Community Advocacy Network to Rebuild New York (LCAN), a coalition that … (read more)

Organizations Join Together to Tell Governor that his Vetoes Will Hurt

September 22, 2004. Diverse organizations urge the Legislature to override the vetoes and restore the budget they have already passed.

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Large, Profitable Corporations Not Paying Their Fair Share

September 22, 2004. Eighty-two of America’s largest and most profitable corporations, including twelve New York-based corporations and many other corporations that generate a substantial portion of their profits in New York state, paid no federal income tax at all in at least one year during the first three years of the George W. Bush administration, a period when federal corporate tax collections feel to their lowest sustained level in six decades. This is one of many startling findings of a … (read more)

State of Working New York 2004: Recovery Yet to Arrive for Many New York Workers and Their Families

September 6, 2004. The U.S. job market overall is still too weak to broadly distribute the benefits of the growing economy. The slack labor market has led to a situation in which wages have started to fall behind inflation. Press release with New York figures below or link to press release with tables and graphs.

FPI’s State of Working New York series, published biennially since 1999, provides comprehensive and up-to-date analysis of the data available on the conditions … (read more)

Setting the Record Straight: An Increase in New York’s Minimum Wage Will Help Those Who Need It

July 19, 2004. FPI has released three reports on this subject this year including estimates of the number of workers who would benefit from an increase for each of New York’s 62 counties. Recently, some critics have charged that an increase will fail to achieve the goal of alleviating poverty among the working poor. This issue of Fiscal Policy is being released to set the record straight. Report.… (read more)

New Jersey increases its top income tax rate

July 2004. In a new law approved on June 28, 2004, New Jersey increased its top income tax rate for tax years beginning on and after January 1, 2004, from 6.37% on the portion of taxable income above $75,000 for single individuals and $150,000 for married couples to 8.97% on the portion of taxable income above $500,000 regardless of filing status. This represents a significant shift in the traditional relationship between the top income tax rates in New York and … (read more)

How Will the Proposed West Side Stadium Complex Impact Our City?

June 3, 2004. Testimony before the NYC Council Economic Development Committee. Testimony >>(read more)

Is Governor Pataki really using the Standard & Poor’s study as the basis for his proposed Sound Basic Education Plan?

May 2004.

In presenting his “5-Year Sound Basic Education Financing Plan,” Governor Pataki claimed that it was based on the Standard and Poor’s estimate of the Resource Gap between current school district education spending and the projected amount needed to attain the Regents’ Education Standards. This is one of the four educational standards for which Standard and Poor’s attempted to estimate the resource gap for the state as a whole and for selected districts.

The Governor claimed that the Resource … (read more)

Testimony on Empire Zones Program Reform

April 26, 2004. Testimony presented by Frank Mauro before the New York State Assembly Committees on Ways and Means; Economic Development, Job Creation, Commerce and Industry; Corporations, Authorities and Commissions; and Labor.… (read more)