Federal Taxes & Budget Policy

Senior Budget and Policy Analyst

The Senior Budget and Policy Analyst will lead work in a range of policy areas of importance to the Fiscal Policy Institute. He or she will produce timely, comprehensible, and reliable research. A central part of the job will be leading FPI’s research analyzing state budget proposals in real time every January to April. The right candidate will have strong policy analysis skills, will work well independently and in teams, and will be able to communicate information effectively to diverse audiences. Like all FPI staff, the right candidate for this position will have a commitment [...]

2021-01-08T09:27:59-05:00September 26th, 2017|Blog, Federal Taxes & Budget Policy|

More Than 100 NY Groups Urge Congress to Reject Budget Cuts

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 [...]

2021-01-08T09:24:57-05:00September 8th, 2017|Federal Taxes & Budget Policy, FPI in the News|

Fiscal Policy Institute Raises the Alarm About Cassidy-Graham Bill

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. [...]

2021-01-08T09:24:42-05:00September 8th, 2017|Federal Taxes & Budget Policy, FPI in the News|

Report Warns Latest Health Care Bill Would Cost NY $22 Billion

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 [...]

2021-01-08T09:24:26-05:00September 8th, 2017|Federal Taxes & Budget Policy, FPI in the News|

More Than 100 New York Nonprofits Call on NYS Legislators to Reject Proposed Federal Budget Cuts

FOR IMMEDIATE RELEASE September 8, 2017 Media Contact: Ron Deutsch, Executive Director, FPI 518-469-6769 MORE THAN 100 NEW YORK NONPROFITS CALL ON NYS LEGISLATORS TO REJECT PROPOSED FEDERAL BUDGET CUTS  Coalition Highlights Devastating Impact of Cuts on New York Families   Read the Letter Here 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 [...]

Cuomo Raises Prospect of ‘Faso-Collins Federal Tax’

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 [...]

What’s the future for fiscal federalism in New York?

December 28, 2016. The following op-ed by James Parrott appeared in City & State New York on December 28, 2016. With President-elect Donald Trump and a newly empowered, Republican-dominated Congress soon taking control of the federal budget, the potential for substantial cuts in domestic spending poses gargantuan challenges for New York state and city budgets. Roughly $57 billion in federal dollars flow into our city and state budgets annually. Medicaid accounts for approximately $35 billion, with another $14 billion in categorical funds flowing to the [...]

70% of Fortune 500 Companies Use Offshore Tax Havens

June 9, 2014. In 2013, 70% of Fortune 500 companies used tax havens. More of these companies were based in New York than in any other state, depriving New York of considerable tax revenue. The practice of “booking profits” in foreign countries where there are few or no taxes is examined in a new study released yesterday by U.S. Public Interest Research Group (USPIRG) and Citizens for Tax Justice (CTJ), “Offshore Shell Games 2014: The Use of Offshore Tax Havens by Fortune 500 Companies.” For [...]

NYS Can Help Low-income Working Families with Children by Increasing its Earned Income Tax Credit

May 20, 2014. It comes as no surprise to working families that New York State’s tax system is fundamentally unfair. Low- and middle-income workers pay, on average, a much higher share of their income in state and local taxes than the highest income earners. According to analysis by the Washington, D.C.-based Institute on Taxation and Economic Policy, the 40% of New York’s tax filers with the lowest incomes pay at least 10% of their income in state and local taxes and the 20% of households [...]

Almost 3.2 million New Yorkers to See a Cut in Food Assistance Beginning Today

November 1, 2013. Beginning today, almost 3.2 million people in New York will see their food assistance benefits cut as the federal government ends a temporary boost to the Supplemental Nutrition Assistance Program (SNAP). The New Yorkers affected by this cut—in what used to be known as the “food stamps” program—include more than 1.2 million children and over 1 million elderly and disabled individuals. Overall, New York residents will receive $332 million less in SNAP benefits in the 11 months from November 1, 2013 through [...]

Analysis: Immigrant Status Change Could Mean Millions in Tax Revenue for NY

July 9, 2013. A news article in Newsday covers the release of the new report by the Institute on Taxation and Economic Policy and Fiscal Policy Institute regarding immigration status change and possible tax revenue for states. David Dyssegaard Kallick, immigration research director at the Fiscal Policy Institute, said there is no better alternative than for all those immigrants to become taxpayers. "As long as we make sure we don't create a new undocumented population, legalizing the people already here is the right thing to do," [...]

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 [...]

Sequestration would cut human service spending in New York State

February 25, 2013. Last night, the White House released the following likely impacts from sequestration in New York State if Congress does not act to cut the deficit in a balanced way.  Bringing in more revenue by closing tax loopholes along with smarter reductions in spending would allow the federal government to avoid the following cuts in New York State: Teachers and Schools: The loss of approximately $43 million in funding for about 120 primary and secondary schools placing almost 600 teacher and aide jobs [...]

2013-02-25T17:39:08-05:00February 25th, 2013|Blog, Federal Taxes & Budget Policy|

FPI and CBPP: Ryan Budget Takes Billions out of New York

August 8, 2012. Today the Center on Budget and Policy Priorities released a new report showing that a "Cuts Only" approach to reducing the federal deficit would drastically cut federal investments in education, roads and bridges, and disaster relief. Cuts of this magnitude would do great damage to the economy. FPI's press release (below) highlights the fact that the House-passed "Ryan Budget," a prime example of the "Cuts Only" approach, would cost New York state and local governments $2.7 billion in 2014 alone and $21.2 [...]

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