Federal Tax & Budget

January 3, 2018. In Albany on Tuesday, advocates for the needy proposed a “recapture tax” in which the state would keep some of the federal tax breaks headed to corporations. The advocates said the recapture tax could help make up for expected federal cuts to Medicaid, Medicare, Social Security and other programs proposed for later this year that would worsen the plight of the working poor in New York. Congressional leaders and President Donald Trump said they would consider cutting the entitlement programs in part [...]

November 16, 2017. Progressive advocates and lawmakers are ramping up efforts to block a Republican tax bill that would end SALT deductions and give cuts to wealthy Americans. A new ad released this week by the group Not One Penny is putting the pressure on GOP members of Congress who have yet to take a firm stand on the bill. The state teacher's union has signed on to this campaign and with us in studio to talk more about this is NYSUT Political Action Coordinator [...]

October 18, 2017. FPI's executive director, Ron Deutsch, discusses how proposed cuts in federal spending could seriously damage programs that help needy children and families in the Elmira area, where he was the keynote speaker for the annual State of the Child in Chemung County Breakfast. The gathering, sponsored by the Every Child Matters Coalition, took place at the Elmira Community Kitchen. Deutsch told the group that New York relies heavily on federal dollars, and that proposed budget cuts, being discussed in Washington, could devastate [...]

September 28, 2017. This article discusses the uncertainty surrounding the federal government and potential cuts to New York, which could run as high as $17 billion. According to the article, The latest push to repeal and replace broad aspects of the Affordable Care Act has failed, at least for now. Advocates opposed to the bill aren’t sure they’ve heard the last from it. “This bill is a lot like Frankenstein’s monster,” said Ron Deutsch of the Fiscal Policy Institute. “It just requires another jolt of [...]

September 8, 2017. More than 100 nonprofit human services organizations from across the state are calling on legislators to reject proposed federal cuts to social services programs. Organizations from Buffalo to Binghamton to Brooklyn signed on to letters that were sent to New York’s Congressional delegation, warning that these cuts would devastate core public services that provide New Yorkers in need with vital support. Link for FPI's press release for the letter Link to the Wall Street Journal Link to the Associated Press Link to radio interview [...]

September 8, 2017. This article discusses the potential devastating consequences of passing the Cassidy-Graham bill, new legislation that repeals and replaces the Affordable Care Act (ACA) like previous efforts made by Congressional Republicans. The bill would cut New York’s federal funding by $22 billion for health coverage by 2026, according to a new report by the Center on Budget and Policy Priorities based in Washington DC. New York would be the hardest-hit state, with an eye-popping estimated cut of 70 percent in 2026, relative to current law. [...]

September 8, 2017. This articles discusses a new Affordable Care Act (ACA) repeal bill would cut New York’s federal funding by $22 billion for health coverage by 2026, according to a new report by the Center on Budget and Policy Priorities based in Washington DC. New York would be the hardest-hit state, with an eye-popping estimated cut of 70 percent in 2026. A report released Thursday raised concerns over the loss of federal funding that would hit New York if the latest measure to overhaul the [...]

June 26, 2017. An article featured in the Times Union discusses the proposal of Governor Cuomo's "Faso-Collins Federal Tax," which is a $2.3 billion tax added on to local property taxes in New York State in order to offset the costs of Medicaid. The article notes that some do not support this proposal and criticize the governor for not cutting his own budget and deem is as a scheme and suggest that another source of revenue is needed. Gov. Andrew Cuomo on Monday warned of [...]