Economic Outlook

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. [...]

December 20, 2018. This article discusses the beginning of Governor Cuomo's third term and his potential progressive agenda. The Governor laid out his agenda during a press conference a few days ago where he stated that he would use former President and former New York Governor, Franklin Delano Roosevelt, as a model for his priorities. He proposed numerous agenda items like implementing the DREAM Act, which allows children of undocumented immigrants to receive college aid, and the legalization of recreational marijuana. However, while many of the [...]

November 20, 2018. This article discusses the tax breaks that Governor Cuomo has agreed to give Amazon for moving one of their headquarters to Long Island City. The article goes on to discuss the Governor's argument for agreeing to provide Amazon with an estimated $3 billion in subsidies that includes city and state tax breaks, infrastructure slush funds, and helipads, which he argues is benefiting New York State because if he didn't provide these tax breaks the state would miss out on the revenue that [...]

November 13, 2018. FPI's Deputy Director and Director of Immigration Research, David Dyssegaard Kallick, was interviewed on SinoVisionNet where he discussed Amazon's plans to split HQ2 to Long Island City, New York and Arlington, Virginia. He suggested that Long Island City is a finalist because they have the labor force that Amazon may be looking for, with highly educated residents. He highlights that Long Island City has La Guardia Community College and the opportunity for expansion. Kallick was asked about the impacts on Long Island [...]

December 27, 2018.  Several new laws effective Jan. 1 will impact family budgets while trying to improve New York State’s business climate. “Given the damaging and destructive tax and budget policies coming out of Washington that seem to target poor and working class families, it’s good to know that our state has some countermeasures in place that actually help struggling New Yorkers,” said Ron Deutsch of the Fiscal Policy Institute, a labor-backed group that lobbies for the working poor.   Access to Full Article HERE

December 14, 2017. Ron Deutsch, FPI's Executive Director, got to go on Brian Talks New York which is anchored by Peabody Award-winning public radio host Brian Lehrer. Each week Brian and his guests from academia, journalism and politics analyze the latest news in Brian's home town of NYC. The segment is on How's the Trump tax reform bill likely to hit New Yorkers, rich, middle class and poor? Joining Brian’s panel of experts, AFL-CIO chief economist William Spriggs, Empire Center for Public Policy research director [...]

November 25, 2017. This Politifact article is assessing the claim by U.S. Rep. Joaquin Castro. He tweeted that the United States would lose $164 billion in GDP over a decade if they terminated Temporary Protective Status (TPS). TPS is a status for immigrants from countries experiencing armed conflict, natural disasters, epidemics and other temporary conditions preventing the safe return of their citizens. This status provides immigrants with TPS work authorization and protection from deportation, but does not include a pathway to citizenship. The Trump administration [...]

October 26, 2017. This article discusses the Welcoming Economies Convening that was held in Syracuse, New York, a coalition of public and business leaders who are dedicated to resettling refugees. These organizations are aware of the economic contributions of refugees such as the reversal of population decline and job creation. These groups came together at the convening to discuss how to further accelerate and help grow their economic contributions. Fiscal Policy Institute's Immigration Research Director David Kallick. "When we're talking about growth, we have to talk about [...]