FPI in the News

NY Pied-À-Terre Tax Bill Amended To Address Co-Op Issues

August 19, 2020. Spectrum News With New York continuing to face a staggering revenue shortfall, an updated pied-à-terre tax proposal sponsored by Assemblymember Deborah Glick and Senator Brad Hoylman is receiving renewed interest. "Jonas Shaende, chief economist at the Fiscal Policy Institute, told Law360 that one of the reasonable criticisms made last year about the bill was its application of market valuation to co-ops that never had that valuation method applied to them before. He said the changes account for that by applying the valuation [...]

2020-12-30T09:57:38-05:00August 19th, 2020|FPI in the News|

Group Calls For NY ‘Mark-To-Market’ Tax To Raise $5.5B

August 12, 2020 "New York should pass a so-called mark-to-market tax bill to raise $5.5 billion annually and help the state during its post-pandemic recovery, a report by the left-leaning Fiscal Policy Institute said Wednesday. The labor-backed policy group endorsed the mark-to-market tax proposal as New York faces a $14 billion revenue shortfall and estimated 20% cuts to education, hospitals, local governments and nonprofits. While state Democratic lawmakers and Gov. Andrew Cuomo, a Democrat, have been pushing federal lawmakers to provide aid to states to help fill [...]

2020-12-30T09:58:16-05:00August 12th, 2020|FPI in the News|

Mr. Trump, suburbia needs solutions, not tweets

August 8, 2020. Editorial by LIHerald.com appears in full below: "President Trump claimed last week that he is protecting suburbanites from low-income housing projects, tweeting on July 29: "I am happy to inform all of the people living their Suburban Lifestyle Dream that you will no longer be bothered or financially hurt by having low income housing built in your neighborhood . . .” Clearly, Trump is out of touch with suburban America. In Nassau County, no new low-income housing has been built for decades. [...]

2020-12-30T09:58:40-05:00August 8th, 2020|FPI in the News|

The Politics of Hiking Taxes on the Rich During the Pandemic

August 6, 2020 - Spectrum News New York State faces cuts to public programs and services due to this year's unprecedented revenue shortfall. While awaiting needed federal action, advocates call for raising state revenue. The sweeping cuts threatened by Governor Cuomo would devastate the very people hit hardest by the pandemic and its economic fallout. The state must get the economic engine of New York running while awaiting essential federal funding," said Ron Deutsch, the executive director of the Fiscal Policy Institute."That means supporting, rather [...]

2020-12-30T09:59:02-05:00August 6th, 2020|FPI in the News|

Legislators Pledge “No Cuts Without Revenue Raisers”

June 24 - Media round-up on legislators pledge. As part of FPI's efforts this year with our statewide revenue working group, we brought state legislators, union, and advocates together for two successful events in June – a legislative discussion state tax reform action that could be accomplished while we are waiting for federal assistance and a press conference unveiling a statement of principles signed by 100 state legislators along with unions and economic advocacy organizations, where they pledged to reject state budget cuts and instead [...]

2020-10-27T13:00:25-04:00June 24th, 2020|FPI in the News|

What to expect in the state’s first round of spending cuts

May 11, 2020. With COVID-19 changing the economy overnight, the state braces for projected cuts to essential services including chopping funding for local governments, Medicaid, and education. Governor Cuomo began the legislative session warning of a budget gap and the need for cuts. Now, as we wait for the latest federal stimulus, the first round of state cuts is expected to be announced soon. Ron Deutsch, executive director at the labor-backed Fiscal Policy Institute, warned against further cuts to state agencies, since funding to those [...]

2020-10-19T09:40:56-04:00May 11th, 2020|FPI in the News|

As Cuomo’s billionaire panel seeks to ‘re-imagine’ NY, critics flag concerns

May 11, 2020. Newsday The article covers reactions to Governor Cuomo's plan to enlist billionaire philanthropists to “re-imagine” New York’s economy, health care system, mass transit and education as the state looks to recover from the  COVID-19 pandemic. Ron Deutsch of the labor-backed Fiscal Policy Institute said Cuomo's panel is "not only tone-deaf, it's dangerous … What we really need from New York’s billionaires is for them to pay their fair share in taxes to ensure we don’t have to make draconian cuts to services people desperately [...]

2020-10-27T13:00:26-04:00May 11th, 2020|FPI in the News|

An Heiress asks New York to Tax the Rich

March 13, 2020. An op-ed by Abigail Disney urges New York toward tax reform by ensuring everyone pays their fair share to support our state.  The opinion piece supports "a letter asking Gov. Andrew Cuomo and our state Legislature to raise the tax rates for very wealthy New Yorkers. I and my co-signers support an ultra-millionaires tax that asks those making $5 million, $10 million and $100 million a year to pay a little more in income taxes. We also support a tax on wealth [...]

2020-12-30T14:07:18-05:00March 16th, 2020|FPI in the News|

Tax Justice NY and the Unequal State of NY in the News

December 10, 2019 Heading toward New York State's 2020 legislative session, with concern rising over a projected budget deficit and the needs of residents, FPI held an event exploring the issue and released a report that revealing that our state leads the nation as having the most unequal distribution of income. Not since the so called “gilded age” of the 1920’s has there been such a vast divide between the highest- and lowest-income New Yorkers. The report finds that the top 1% of all New [...]

2021-01-06T10:44:27-05:00December 10th, 2019|FPI in the News, NYS Tax Policy|

Media Roundup: Working Families Tax Relief Act

More than 6.5 million New York State residents would directly benefit from the Working Families Tax Relief Act (WFTRA) which would provide tax credits and tax reductions to struggling workers and their families. WFTRA would expand the Earned Income Tax Credit (EITC) for families with children and strengthen it for workers not raising children. The legislation would also make the Child Tax Credit (CTC) refundable, allowing children in families with lower incomes to fully benefit from the program. Learn more by reading two op-eds which ran [...]

Media Roundup: The Staggering Cost of Long Island’s Opioid Crisis

September 10, 2019.  On Wednesday, September 4, the Long Island Community Foundation, the Claire Friedlander Family Foundation, the Fiscal Policy Institute and the Long Island Council on Alcoholism and Drug Dependence (LICADD) marked National Recovery Month by unveiling a ground-breaking report “The Staggering Cost of Long Island’s Opioid Crisis” showing the economic impact of addiction. In addition to the devastating personal costs, the opioid health crisis has had a significant impact on Long Island’s economy through lost productivity, and other costs to businesses, emergency services, libraries, and others. [...]

2021-01-06T10:35:56-05:00September 10th, 2019|Economic Outlook, FPI in the News|

Media Roundup: FPI Cited Statewide on GreenLight

FPI has the data on the issues that matter to New Yorkers. In February 2019, FPI’s report “Driving Together: Benefits of Allowing All New Yorkers to Apply for Licenses” looked at the effects of allowing all state residents, including undocumented immigrants, to apply for a driver’s license. Until 2003, New York State had allowed residents to apply for driver’s licenses without regard to their immigration status and 12 other states—plus Washington D.C. and Puerto Rico – allowed all residents who passed a driver’s test and [...]

2021-01-06T10:32:35-05:00July 24th, 2019|FPI in the News, New York State|

Push for driver’s licenses for undocumented immigrants intensifies at Capitol

May 5, 2019. This article details the history of this issue and notes that licenses were obtainable in the state prior to a 2001 order stopping the practice prior to Sept. 11 terror attacks. The Fiscal Policy Institute, a left-leaning think tank, earlier this year estimated that 265,000 undocumented immigrants in New York would obtain driver's licenses if the law is changed. It said 64,000 of those are located north of New York City, including 2,500 from the Buffalo area. It said the state and [...]

2021-01-06T10:28:17-05:00May 6th, 2019|FPI in the News, New York State|

With “rent burdens” on the rise, advocates urge changes to state laws

May 1, 2019. This article looks at the problem of rent burdens in the Rochester area in advance of the NYS Assembly hearing on May 10. The article highlighted the disparities "2 out of 5 renters -- and 60% of minorities -- in the Rochester area are rent-burdened. Others upstate cities face similar numbers, but Rochester’s are the highest." A recent study by the nonpartisan Fiscal Policy Institute says nearly half of New York renters are “rent-burdened. Ron Deutsch, the group’s executive director, said housing – not [...]

2021-01-06T10:28:06-05:00May 1st, 2019|FPI in the News, Housing|

Reader’s View: Facts justify ‘Green Light’ driver’s licenses

April 27, 2019. This is an opinion piece written by Terry Diggory, co-coordinator of the Saratoga Immigration Coalition and Julina Guo, staff attorney in the Immigration Law Clinic at The Justice Center at Albany Law School, which lays out the case for allowing all residents to apply for driver's licenses regardless of immigration status. The Fiscal Policy Institute has estimated that Green Light licensing could generate $57 million in combined annual revenue to New York State and county governments, and $26 million in one-time revenue. The [...]

2021-01-06T10:26:27-05:00April 27th, 2019|FPI in the News, New York State|
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