2008

Déjà Vu All Over Again – Budget Balancing in Bad Times

August 14, 2008. Raising Revenue Needs to be Part of the Solution. Group press release >>

“The lessons to be learned from New York’s fiscal policy choices during the last two recessions are clear. The balanced approach to the state’s budget that was adopted in 2003 worked much better than the deep service cuts of the early 1990s which prolonged and deepened the effects of that recession on New York State,” said Frank Mauro, Executive Director of the Fiscal Policy … (read more)

Latest IRS Data Reveal Fundamental Mismatch Between New York’s Income Distribution and Its Tax System

August 6, 2008. New data from the Internal Revenue Service bolster the case for a high-end income tax surcharge in New York. New York is one of ten states that have income distributions that particularly favor the wealthy few – while the progressivity of the state income tax has been weakened since the 1990s. With the state facing a budget deficit and political leaders seeking a way to pay for effective and immediate property tax relief, this is especially timely … (read more)

Increase in federal minimum wage doesn’t affect New Yorkers, but nearly 300,000 would be helped by state legislation

July 22, 2008. Although the federal minimum wage is set to increase on July 24, New York needs state legislation to move the purchasing power of the minimum wage closer to historic levels – and to a level that can keep a family of three out of poverty. By increasing the minimum wage, New York would improve the lot of workers without disrupting the labor market. Press release, full report.… (read more)

The City Economy: Facing the Nation’s Woes

July 21, 2008. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>(read more)

Economists’ Statement Opposing the Lazio Tax Proposal

July 18, 2008. Over 110 economists from throughout New York state say the Lazio tax cut proposals are economically and socially irresponsible, jeopardizing Social Security and Medicare. Full statement, followed by a list of the economists endorsing it.

Several weeks ago, eight Nobel laureates and over 300 other economists issued a public statement opposing the large-scale tax cuts that are the centerpiece of presidential candidate George W. Bush’s economic proposals.

We, the undersigned, as economists who live and/or work in … (read more)

Siena New York Poll: Circuit Breaker & Gas Tax Cut Top Property Tax Cap

July 14, 2008. While New York voters strongly support both a property tax cap and a property tax “circuit breaker,” which ensures that property taxes do not exceed a certain percentage of a homeowner’s income, when forced to choose between the two, a majority prefer the circuit breaker, according to a new Siena (College) Research Institute poll a new Siena Research Institute poll released today. More voters would rather see New York eliminate 32 cents of state gas taxes than … (read more)

Education policy experts weigh in on tax caps

July 14, 2008. A collection of materials from researchers and stakeholders, including the Council of School Superintendents and the PTA.

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Restoring the Purchasing Power of New York State’s Minimum Wage

July 10, 2008. A look at recent efforts to increase the minimum wage – in New York and nationally – reveals that the current minimum wage falls far short of historic levels, and cannot keep a family of three out of poverty. By increasing the minimum wage, New York would improve the lot of workers without disrupting the labor market. Report >>(read more)

Materials from TREND – Tax Reform Effort of Northern Dutchess

June 23, 2008TREND NY Poll Says New Yorkers Prefer Circuit Breaker over Cap. The Tax Reform Effort of Northern Dutchess conducted a random automated phone survey of more than 500 registered voters, and found that New Yorkers prefer a property tax circuit breaker to a property tax cap two to one.

March 6, 2008. Presentations from Changing the Property Tax System in New York, a conference sponsored by TREND in Hyde Park.

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Working Families and Economic Security in New York: How Effectively Do Work Supports Bridge the Gaps?

June 11, 2008. Thirty percent of New Yorkers in working families can’t cover basic needs with their wages. This report analyzes the effectiveness of “work support programs” (such as food stamps, Child Health Plus and the Earned Income Tax Credit) in bridging the hardship gap experienced by 5.7 million New Yorkers – that is, the gap between family wages and a basic family budget standard. Work supports make a difference, but more must be done. Press release, full report(read more)