Year

A Preliminary Analysis of the Impact of President George W. Bush’s Tax Cut Proposals on New York State

April 12, 2001. A new administration in Washington is determined to push through an unprecedented $1.6 trillion tax cut that will have far-reaching effects for years to come. This report shows that the Bush tax plan would hit the Empire State with a powerful “double whammy.” While the richest 1.1% would receive over 60 percent of the tax cut, 2.5 million New Yorkers would be left entirely. Many other New Yorkers would receive cuts that are smaller than advertised. Overall, … (read more)

The Impact of New York State’s Personal Income Tax on Low Income Working Families

March 1, 2001. This report shows that New York has among the lowest income tax burdens in the country for low-income working families. Most of the relief for these families comes from the State Earned Income Tax Credit (EITC) enacted in 1994. The income tax rate cuts and other changes enacted in 1995 now cost over $5 billion per year but provide very little help to these families. Also see the Center for Budget and Policy Priorities annual report, State (read more)

Poverty Amidst Plenty 2001

February 27, 2001. New York State leaves millions of dollars unspent for anti-poverty efforts for state’s poor families. The state’s TANF funds should be fully and promptly used for the New York families that need them. A new report makes the case.

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Minimum wage hike would boost workers left behind by the economic expansion

February 7, 2001. Minimum wage hike would boost workers left behind by the economic expansion. The current proposal to increase the Federal minimum wage by $1.50 in 3 steps between now and 2003 would directly benefit more than 520,000 New York workers. Press release >>(read more)

Balancing Revenues, Expenditures and Human Needs in the 21st Century: Assessing New York’s 2001-2002 Executive Budget in Economic, Social and Fiscal Context

January 2001. The Fiscal Policy Institute’s 11th annual budget briefing.  Briefing book on the 2001-2002 executive budget >>

Also at this year’s briefing, Michael Mazerov of the Center on Budget and Policy Priorities made a presentation: The “Single Sales Factor” Formula for State Corporate Taxes: A Boon to New York Economic Development or a Costly Giveaway?(read more)

School Finance Reform Victory

January 10, 2001. Today, the Campaign for Fiscal Equity, a coalition of parent organizations, community school boards, concerned citizens and advocacy groups won a major victory at the State Supreme Court in their challenge to the way in which New York State funds elementary and secondary education.  In his 180-page decision, Justice Leland DeGrasse gave the New York State legislature until September 15, 2001, to draw up a new funding system that meets the following five requirements:

  1. Ensuring that
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New York Stock Exchange Subsidy Deal

January 8, 2001. Testimony delivered at the Public Hearing of the Empire State Development Corporation on the New York Stock Exchange Project Held Pursuant to the Eminent Domain Procedure Law, Alexander Hamilton United States Customs House.

James A. Parrott, Deputy Director and Chief Economist, Fiscal Policy Institute, testified:

My name is James Parrott and I am the Deputy Director and Chief Economist of the Fiscal Policy Institute (FPI). FPI was established in 1991 and is a nonpartisan, non-profit research and … (read more)

Are Lazio’s proposed tax cuts good for New York?

October 29, 2000. Point-counterpoint opinion from FPI’s Frank Mauro and Stephen Kagann, New York State Chief Economist, in the New York Daily News.

It’s a Boon to the Rich By Frank Mauro, Executive Director, Fiscal Policy Institute

Rick Lazio likes to refer to his proposed tax cuts as balanced and fiscally responsible, and says they will “extend economic expansion across New York.” In reality, he fails on all three grounds.

The Lazio tax cuts are not fiscally responsible. Together … (read more)

Impossible Choices: Food and Housing or Prescription Drugs?

October 11, 2000. This report was prepared by the Fiscal Policy Institute for USAction, the nation’s largest consumer organization. It examines how rising prescription drug prices are affecting the household budgets and living standards of older Americans. The report was released today in Washington by USAction and at numerous locations around the country by USAction’s state and regional affiliates. FPI Senior Economist Trudi Renwick presented the reports results at USAction’s press conference in Washington, DC, while FPI Executive Director … (read more)

Building a Ladder to Jobs and Higher Wages

October 1, 2000. New York’s public and private leaders can create more jobs, expand training and educational opportunities, and ensure that work is a path out of poverty. This report from the Working Group on New York City’s Low-Wage Labor Market examines the current nature of the city’s low-wage labor market and includes a comprehensive set of policy recommendations to address the labor market problems of New York City’s growing low-wage labor force. FPI was a member of the working … (read more)