Tax & Budget

Liberal Groups Call for Tax on Stock Buybacks

March 13, 2018. Liberal advocacy groups on Friday called for the passage of a tax on stock transfer buybacks, hoping to get the Republican-controlled Senate on board with a move they say would generate an extra $2 billion for the state. "If you're going to use your corporate tax cut -- your 40 percent federal tax cut -- to buyback stocks and enrich your company, rather than use that money to create jobs and increase worker pay, we think you should pay a small tax [...]

2021-01-06T11:19:31-05:00March 13th, 2018|FPI in the News, NYS Tax Policy|

Democratic Leader Nancy Pelosi Visits Woodhaven and Speaks to Residents About the Trump Tax Law

March 6, 2018. On March 3, at the All Saints Episcopal Church in Woodhaven, a panel discussion that Congresswoman Nydia Velazquez hosted included Pelosi, Lieutenant Governor Kathy Hochul, Congressman Joe Crowley, Charles Khan from the Strong Economy for All Coalition, Jonas Shaende from the Fiscal Policy Institute, and Tracey Kavanagh, a registered nurse who serves on the board of directors of the New York State Nurses Association. The tax bill signed into law on Dec. 22, 2017, leads to automatic federal funding cuts of $400 [...]

2021-01-06T11:18:38-05:00March 6th, 2018|Federal Taxes & Budget Policy, FPI in the News|

2018 State Budget Briefing in NYC

On Wednesday morning, February 28, 2018, the Fiscal Policy Institute will present its 28th annual budget briefing, co-sponsored by the Community Service Society, 633 Third Avenue - the forum will be held on the 16th floor in the Retro Report conference room. Light refreshments and check-in will begin at 9:00 a.m. Our presentation begins at 9:20 a.m. and ends at 10:30 a.m. We hope that you and/or your colleagues will be able to join us for what we are confident will be a useful and informative session. The briefing [...]

2021-01-06T11:14:30-05:00February 21st, 2018|Fact Sheets, NYS Budget|

New York State Economic and Fiscal Outlook FY 2019

February 15, 2018. In its 28th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2019 Executive Budget. The Trump Administration’s tax law, looming federal budget cuts, multi-billion-dollar state budget deficits, glaring unmet human and physical infrastructure needs throughout the state...this year’s New York State budget negotiations are taking shape against a worrisome and uncertain backdrop. The president and congress are threatening to dismantle decades-old federal entitlement programs, make drastic cuts to programs that help millions [...]

2021-01-06T11:12:45-05:00February 15th, 2018|Blog, NYS Budget|

Join us for FPI’s FY 2019 Budget Briefing on February 13th

On Tuesday morning, February 13, 2018, the Fiscal Policy Institute will present its 28th annual budget briefing in Meeting Room 7 of the Empire State Plaza Convention Center. A complimentary breakfast and check-in will begin at 8:30 a.m. Our presentation begins at 9:00 a.m. and ends at 10:15 a.m. We hope that you and/or your colleagues will be able to join us for what we are confident will be a useful and informative session. You can RSVP online here. The briefing will examine various aspects of the governor’s Executive [...]

2021-01-06T11:10:51-05:00February 12th, 2018|Blog, NYS Tax Policy|

Rally Asks for Higher State Taxes on the Rich

February 6, 2018.  In Albany, a group of unions and progressives wants the state to increase taxes on the wealthy, even as Gov. Andrew Cuomo and other state leaders are warning of the consequences of new federal limits on the deductibility of New York’s high state and local taxes. Ron Deutsch, executive director of the labor-backed Fiscal Policy Institute think tank, said the money should be reinvested in education funding, building housing for the homeless and protecting against what he believes are coming cuts to [...]

2021-01-06T11:09:02-05:00February 7th, 2018|FPI in the News, NYS Tax Policy|

Progressives Pitch Fair Share Revenue

February 6, 2018. A group of Assembly Democrats and progressive activists see an opportunity for New York in the wake of the new federal tax law. Assemblyman Sean Ryan of Buffalo and Ron Deutsch of the Fiscal Policy Institute join us to talk more about the proposals, and what it would take to pass them.   Access Video Here

2021-01-06T13:12:03-05:00February 6th, 2018|FPI in the News, NYS Tax Policy|

2018 FPI State Budget Briefing in Albany

On Tuesday morning, February 13, 2018, the Fiscal Policy Institute will present its 28th annual budget briefing in Meeting Room 7 of the Empire State Plaza Convention Center. A complimentary breakfast and check-in will begin at 8:30 a.m. Our presentation begins at 9:00 a.m. and ends at 10:15 a.m. We hope that you and/or your colleagues will be able to join us for what we are confident will be a useful and informative session. You can RSVP online here. The briefing will examine various aspects of the governor’s Executive [...]

2021-01-06T11:04:21-05:00January 24th, 2018|Fact Sheets, NYS Budget|

Cuomo Rails at Tax Bill, 
but His Proposals are Modest

January 22, 2018. According to this article, Gov. Andrew Cuomo has been almost apoplectic about the impact of the Republican tax bill on New York. It is a “missile” aimed directly at the state, he bellowed last week while unveiling his budget. But while his bark is loud, his bite is very cautious. The big question is how the politics of the tax bill will play out as Albany seeks to close a budget deficit as large as $6 billion and adjust the state’s tax [...]

2021-01-06T11:00:16-05:00January 22nd, 2018|FPI in the News, NYS Tax Policy|

In Cuomo’s Budget Address, What’s Left Out Says as Much as What’s Said

January 18, 2018. According to this article, experts say that Gov. Andrew Cuomo's budget address lacked  detail. As he did in the State of the State, the Governor laid out the case that New York is under attack from the new federal tax law, thanks to a controversial $10,000 cap on the state and local tax deduction that will hammer many high-income New Yorkers, yet critics and budget experts alike noted that the governor still didn’t explain how he would carry out all of the [...]

2021-01-06T10:59:41-05:00January 18th, 2018|FPI in the News, NYS Budget|

Questions Dog Cuomo Tax Gambit

January 17, 2018. According to this article, Governor Andrew Cuomo has railed and railed against the federal tax overhaul that took effect this month. It's an "all-out direct attack on New York state's economic future," he said during his State of the State address recently. Cuomo's heavily criticized the law's $10,000 cap on the amount of state income tax and local property tax payments. The state could overhaul its tax code to reduce reliance on personal income taxes and instead adopt a statewide payroll tax [...]

2021-01-06T10:59:20-05:00January 18th, 2018|FPI in the News, NYS Tax Policy|

NY May Scrap its Income Tax for a Payroll Tax

January 9, 2018. According to this article, New York may end its income tax and instead expand its payroll tax as a way to outmaneuver the new federal law that limits deductions for state and local taxes. Gov. Andrew Cuomo said Wednesday during his State of the State address that he is exploring how to make the complicated switch, joining other high-tax states in considering how to protect residents' tax deductions and state revenue. California and New Jersey leaders have also discussed similar steps, such [...]

2021-01-06T10:59:02-05:00January 9th, 2018|FPI in the News, NYS Tax Policy|

People’s State of the State Address Held in Albany

January 3, 2018. ALBANY - Ahead of the governor's State of the State, the people held their State of the State on Tuesday. The 29th annual rally was held at the State Street entrance to the Capitol in Albany. Organizers say they're worried about the new federal tax plan and massive budget cuts which could be on the horizon for the neediest New Yorkers. Organizations at Tuesday's rally say the governor and state lawmakers need to take action to protect those in need from federal cuts.   [...]

2021-01-06T10:58:07-05:00January 3rd, 2018|FPI in the News, NYS Budget|

Lawmakers Look ahead to State of the State

January 3, 2018. CBS6 News: As lawmakers return to the Capitol this year, they face fiscal challenges, including a state budget deficit of more than $4 billion. Wednesday, Gov. Cuomo delivers his State of the State Address, which will outline some of his priorities. CBS6's Heather Kovar spoke with lawmakers Tuesday, and they say this is going to be a challenging year.   Access to news clip HERE.

2021-01-06T10:55:30-05:00January 3rd, 2018|FPI in the News, NYS Budget|
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