Letters

FPI responds to the Partnership report: Can New York Depend on a “Millionaire’s Tax” to Solve the Budget Crisis?

February 14, 2011. The personal income tax (PIT) surcharge should be continued. It is not onerous, and it is offset by federal tax cuts. Moreover, unemployment is projected to stay above 7 percent until 2014; budget cuts worsen unemployment and the adversity experienced by many families in a weak economy. New York needs a balanced approach to balancing the budget, one that looks also at the revenue side, rather than relying too heavily on the cutting side. Brief >>

2012-03-16T21:52:44-04:00February 14th, 2011|Letters, State Budget, Tax & Budget, Tax Policy|

Fiscal Reality: Practical options for New York’s budget

January 3, 2011. An op ed by James Parrott, The Clarion. A balanced approach to balancing the state budget includes identifying additional revenues - not just cutting critical services - particularly at a time when need has been elevated by the lingering recession. Government spending is inextricably tied to prospects for economic recovery. Steep cuts will worsen unemployment.

2012-03-16T21:58:19-04:00January 3rd, 2011|Letters, State Budget, Tax & Budget, Tax Policy|
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