Tax & Budget

Advocates Propose Capturing Part of Fed’s Corporate Tax Cut

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 [...]

2021-01-06T10:54:52-05:00January 3rd, 2018|Federal Taxes & Budget Policy, FPI in the News|

29th Annual People’s State of the State

January 3, 2018. From the Capital Tonight Staff, state and local advocates rallied outside the Capitol on Monday for the annual "People's State of the State." This is its 29th year. Groups gather to discuss what they want lawmakers to consider for the upcoming session. It happens the day before the governor presents his state of the state address. Susan Zimet from the Hunger Action Network and Ron Deutsch from the Fiscal Policy Institute join us to talk more about it.   Access to Video [...]

2018-01-03T12:49:46-05:00January 3rd, 2018|FPI in the News, NYS Budget|

Cuomo Delivers Eighth State of the State Address Wednesday

January 3, 2018. Gov. Andrew Cuomo delivers his State of the State address on Wednesday, kicking off a challenging year of budget deficits and re-election races. This article states that the governor fought unsuccessfully to reverse the elimination of the deduction for state and local taxes, which harms some middle-class and wealthy taxpayers in the state. Cuomo, speaking on CNN over the holidays, said he’ll announce in his State of the State a plan to re-engineer the state’s tax code to try to mitigate the [...]

2018-01-03T11:37:43-05:00January 3rd, 2018|FPI in the News, NYS Budget|

People’s State of the State

January 3, 2018. On Tuesday, activists held the “People’s State of the State” to outline their priorities on the state and federal levels. The Capitol Pressroom previewed the event with Susan Zimet, Executive Director of the Hunger Action Network of New York State, and Ron Deutsch, Executive Director of the Fiscal Policy Institute. Access to Podcast HERE.

2018-01-03T16:27:31-05:00January 3rd, 2018|FPI in the News, NYS Budget|

As Legislative Session Starts, Sides Square off on Taxing the Rich

January 3, 2018. The two sides of what will likely be an overarching debate during the 2018 legislative session were on display Tuesday with progressives calling for an increased millionaires' tax and conservatives saying that existing taxes should be phased out as scheduled to prevent a further exodus of Empire State residents. We should be looking at a new top rate for the billionaires or those making $100 million, According to Ron Deutsch, executive director of the labor-backed Fiscal Policy Institute. He was among the [...]

2018-03-23T09:33:37-04:00January 3rd, 2018|FPI in the News, NYS Budget|

Progressives Unspool Counter-Programming to Cuomo’s Speech

January 3, 2018. In Albany on Tuesday,  a slew of progressive groups stood on the steps of the Capitol to hold a prebuttal to Wednesday's State of the State address and called for an increase in taxes to fund more social service programs. About two dozen people attended the People’s State of the State Address, holding signs that called for taxes on the rich and giving speeches about mass incarceration and the increasing lines at food pantries. Ron Deutsch, executive director of the labor-backed Fiscal [...]

2021-01-06T10:54:05-05:00January 3rd, 2018|FPI in the News, NYS Budget|

THE 29th PEOPLE’S “RESISTANCE” STATE OF THE STATE: The Empire State Strikes Back

Press Release For Immediate Release: January 2, 2018 Contact: Susan Zimet, Hunger Action Network of New York State (C) 845-527-5309 Ron Deutsch, Fiscal Policy Institute (C) 518-469-6769 (O) 518-786-3156 x7160             THE 29th PEOPLE’S “RESISTANCE” STATE OF THE STATE The Empire State Strikes Back  (Albany, N.Y.) The 29th Annual People's State of the State rally took place at the State Street entrance to the State Capitol today. Organizations from across New York State joined together in the freezing cold for what has become the long [...]

2021-01-06T10:52:12-05:00January 2nd, 2018|NYS Budget, Press releases|

Health Care Cuts and Higher Taxes Put Millions of New Yorkers At Risk

FOR IMMEDIATE RELEASE Contact: Ron Deutsch, Fiscal Policy Institute, (518) 469-6769 Michael Kink, Strong Economy for All,  (518) 527-2787   Health Care Cuts and Higher Taxes Put Millions of New Yorkers At Risk New Data Anticipates Loss of Health Coverage and Rising Taxes for Poor and Middle-Income New Yorkers Albany, NY - Leaders from community and worker’ rights organizations held a press conference on Friday to protest the tax reform plan that could emerge from the House and Senate conference within the next week. In [...]

2021-01-08T09:47:03-05:00December 8th, 2017|NYS Tax Policy, Press releases|

House and Senate Tax Bill Will Hurt New York’s Poorest Taxpayers and Result in Many Losing Health Coverage

December 2017, House and Senate Tax Bill Will Hurt New York’s Poorest Taxpayers and Result in Many Losing Health Coverage Impact of Tax Cuts to New Yorkers (Both Bills) The Institute on Taxation and Economic Policy (ITEP) released its analysis of both the House and Senate tax bills for all fifty states. Both bills would raise taxes on many lower- and middle-income families in every state and provide the wealthiest Americans and foreign investors substantial tax cuts, while adding more than $1.4 trillion to the [...]

2021-01-08T09:46:44-05:00December 8th, 2017|Blog, NYS Tax Policy|

Fiscal Policy Institute: A Third of NYers Will Pay More Under Senate Tax Bill

December 4, 2017. Ron Deutsch, with the left-leaning think tank Fiscal Policy Institute says there's nothing positive in the tax overhaul plan for New Yorkers. He says the middle class and the poor in New York will pay more under the Senate's tax overhaul plan. "We need to understand that 30 to 35 percent or more of New Yorkers that would actually see a tax increase under this plan", Deutsch said. "You know, this notion that they’re going around trying to sell this as a [...]

2021-01-08T09:46:17-05:00December 7th, 2017|FPI in the News, NYS Tax Policy|

Federal Tax-Code Changes Could Force New York to Adopt Lean Spending Plan

November 30, 2017. According to this article, a mounting state deficit and expected changes to the federal tax code are handing lawmakers their toughest choices in the seven years that Gov. Andrew Cuomo has been New York's leader. The state's most recent financial plan projects a budget deficit at $4.1 billion, but that gap could grow if tax receipts continue to lag behind the expected pace, according to state Comptroller Tom DiNapoli's office. Cuomo himself acknowledged the scope of the challenge during a stop Tuesday [...]

2021-01-08T09:45:46-05:00November 30th, 2017|FPI in the News, NYS Budget|

Tax Bill, Deficit Could Jumble N.Y. Budget

November 29, 2017. According to this article, a mounting state deficit and expected changes to the federal tax code are handing lawmakers their toughest choices in the seven years that Gov. Andrew Cuomo has been New York's leader. The state's most recent financial plan projects a budget deficit at $4.1 billion, but that gap could grow if tax receipts continue to lag behind the expected pace, according to state Comptroller Tom DiNapoli's office. Cuomo himself acknowledged the scope of the challenge during a stop Tuesday [...]

2021-01-08T09:45:26-05:00November 29th, 2017|FPI in the News, NYS Budget|

Teachers Union, Progressive Groups Fight GOP Tax Plan

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 [...]

2021-01-08T09:42:56-05:00November 16th, 2017|Federal Taxes & Budget Policy, FPI in the News|

HOUSE TAX PLAN: BENEFIT FOR RICHEST 1% in NYS GROWS OVER TIME

HOUSE TAX PLAN: BENEFIT FOR RICHEST 1% in NYS GROWS OVER TIME  By 2027 Wealthiest 1% Get Average Tax Cut of $34,000 and Poorest 20% Get $90   A 50-state analysis of the House tax plan released last week reveals that in New York State the wealthiest 1 percent of New Yorkers will receive the greatest share of the total tax cut in year one and their share would grow through 2027. Further, the value of the tax cut would decline over time for every [...]

2021-01-08T09:40:58-05:00November 9th, 2017|Blog, Federal Taxes & Budget Policy, Press releases|

Congestion Pricing “vs.” Millionaire’s Tax: Why Not Do Both?

October 30, 2017. Here’s a story you don’t hear every day: in the latest spat between Governor Andrew Cuomo and New York City Mayor De Blasio, both of them are right. Congestion pricing, the governor’s proposal, and a surcharge to the millionaire’s tax, the mayor’s proposal, are both good ideas. The not-so-secret feuding between the governor and the mayor has not served New Yorkers well. From the serious to the petty, the two Democrats don’t seem to be able to get along about much. But, in [...]

2021-01-08T09:37:09-05:00October 30th, 2017|Blog, NYS Tax Policy|
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