Must Read Archives - Page 4 of 4 - Fiscal Policy Institute

Barriers to Entry: The Increasing Challenges Faced by Young Adults in the NYC Labor Market

May 2, 2013. A new report from JobsFirstNYC and co-authored by James Parrott, Deputy Director and Chief Economist, Fiscal Policy Institute, and Lazar Treschan, Director of Youth Policy, Community Service Society, takes an in-depth look at both the supply and demand dimensions of the job market faced by New York City’s 18- to 24-year-old young adult population. Barriers to Entry: The Increasing Challenges Faced by Young Adults in the New York City Labor Market looks at changes in the city's labor market over the past decade [...]

Fiscal Policy Institute2024-12-18T12:27:54-05:00May 2nd, 2013|Economic Outlook, Economic Trends & Policy, Labor Market & Workforce, Must Read, Reports, Briefs and Presentations|

The Gilded City of New York

April 18, 2013. In a special issue of The Nation that includes over 20 stories about New York City under Mayor Bloomberg, a picture is painted of a two-tiered urbanism. The lead story by The Nation's editors describes the heightened income polarization in New York City and cites data from various FPI analyses, including Pulling apart: The continuing impact of income polarization in New York State. Here is New York in 2013: a city of dazzling resurrection and official neglect, remarkable wealth and even more [...]

Fiscal Policy Institute2024-12-18T12:27:54-05:00April 18th, 2013|Blog, Labor Market & Workforce, Must Read|

Walmart and other large, low-wage employers will benefit financially from New York’s new Minimum Wage Reimbursement Credit.

April 5, 2013. Unless disclosure requirements are clarified, we’ll probably never know exactly how much Walmart and other large, low-wage employers receive in government subsidies under New York’s new Minimum Wage Reimbursement Credit (MWRC). But based on the best data available, we estimate that Walmart is likely to receive MWRC subsidies of between $53 million and $85 million over the next five years. New York’s new MWRC will provide employers a tax credit for the hours worked by students between the ages of 16 and [...]

Fiscal Policy Institute2024-12-18T12:27:54-05:00April 5th, 2013|Blog, Economic Trends & Policy, Labor Market & Workforce, Must Read, Tax & Budget, Tax Policy|

Federal tax credits for working families need to be protected and strengthened as part of tax reform efforts

April 10, 2013. With policymakers in Washington calling for federal tax reform, the Fiscal Policy Institute said it is essential that members of Congress consider the beneficial long-term impacts of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) as well as these credits’ short-run benefits. In emphasizing the importance of making the current temporary enhancements of these credits permanent, FPI pointed to a new report from the Center on Budget and Policy Priorities that pulls together and examines the body of [...]

Fiscal Policy Institute2024-12-18T12:27:55-05:00April 4th, 2013|Must Read, Press Releases, Reports, Briefs and Presentations, Social Policy, Tax & Budget|

NYS DREAM Legislation: A Strong Return on Investment

February 27, 2013. A proposal is gaining ground in New York State that would allow all students—including those who are undocumented immigrants—equal access to the state's Tuition Assistance Program. Last year, the Fiscal Policy Institute published an analysis of the costs and benefits of the proposal. This new report digs deeper into the fiscal and economic benefits to New York State, and shows that if the proposal were financed through the income tax the cost to a typical taxpayer would be 87¢, the price of [...]

Fiscal Policy Institute2024-12-18T12:27:57-05:00February 27th, 2013|Migration, Must Read, Reports, Briefs and Presentations|

A federal minimum wage hike would help 1.5 million New York workers and our economy

August 14, 2012. One of the best ways to speed up economic growth is to give a lift to the wages of the lowest paid workers. Legislation awaits action now in Washington, D.C., that would boost the federal minimum wage in three 85 cent steps from $7.25 to $9.80 an hour. According to new estimates released today by the Economic Policy Institute (EPI), this proposal would benefit 1.5 million New York workers, raising their pay by $2 billion over three years. Nationally, more than 28 [...]

Fiscal Policy Institute2024-12-18T12:28:15-05:00August 14th, 2012|Blog, Economic Trends & Policy, Labor Market & Workforce, Must Read|

FPI’s immigration research cited: The White House Blog

July 12, 2012. Blogging from the White House, Jason Furman and Danielle Gray of the National Economic Council mention FPI's June 2012 report on immigrant small business owners in their post Ten Ways Immigrants Help Build and Strengthen Our Economy. America is a nation of immigrants. Our American journey and our success would simply not be possible without the generations of immigrants who have come to our shores from every corner of the globe. It is helpful to take a moment to reflect on the [...]

Fiscal Policy Institute2024-12-18T12:28:16-05:00July 12th, 2012|Blog, Migration, Must Read|

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|

Fact vs. Fiction on Raising New York’s Minimum Wage

May 21, 2012. Last week, following Assembly passage of legislation to increase New York's minimum wage to $8.50 an hour, Senate Majority Leader Dean Skelos argued that the minimum wage increase would harm minimum wage workers because they would pay more in taxes and some might lose eligibility for Family Health Plus. In this brief, The Fiscal Policy Institute and the National Employment Law Project review the facts and show that, on an after tax basis, all minimum wage workers would be considerably better off [...]

Fiscal Policy Institute2024-12-18T12:28:19-05:00May 21st, 2012|Economic Trends & Policy, Labor Market & Workforce, Must Read, 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|

Short Term Property Tax Relief and Long Term Tax Reform: An Omnibus Approach

March 1, 2011. At the public hearing on the Governor's proposed "Cap on Real Property Taxes" before the Assembly Standing Committees on Ways and Means, Education, Real Property Taxation, Local Government and Cities, Frank Mauro, FPI's executive director, explained why a cap on real property taxes would not effectively protect those most in need of property tax relief, and would exacerbate inequities in the current school finance system. In the short run, a property tax circuit breaker would provide effective and targeted relief. Over time, [...]

Fiscal Policy Institute2025-04-04T14:27:31-04:00March 1st, 2011|City Budget, Must Read, Tax & Budget, Tax Policy, Testimony|

New York Shouldn’t Look to Massachusetts as a Model for Property Tax Reform

May 25, 2010. With Governor Cuomo proposing a rigid cap on property taxes based on Massachusetts' Proposition 2½, this 2010 update of a landmark report from the Center on Budget and Policy Priorities should be must reading for New York policymakers. This report describes the problems the cap has created in Massachusetts and explains why the impact could be even more severe in New York. Among the key lessons of the Massachusetts experience: A tax cap won't make government services cost less. Claims that caps [...]

Fiscal Policy Institute2025-04-04T14:27:35-04:00May 25th, 2010|City Budget, Must Read, Tax & Budget, Testimony|