Fiscal Policy Institute - Federal Budget Issues








 

 

 

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LINKS TO MORE INFORMATION ON THE FEDERAL BUDGET:

Center on Budget and Policy Priorities

Office of Management and Budget

Congressional Budget Office

 

   
Federal Budget Issues

Recent FPI Publications

Impact on New York State

Tax Policy

Federal Budget Process

 

 

Recent FPI publications on federal budget and policy issues

February 20, 2008.  President’s budget reflects wrong priorities for New York. FPI's release showing the detailed impact of President Bush’s $1.7 billion cut to New York for 2008-09.

October 31, 2007.  FPI senior economist Trudi Renwick participated in a telephone press conference organized by Citizen Action and the Emergency Campaign for America's Priorities to illustrate the impact of a budget veto on New Yorkers' vital human needs. Read ECAP's press release and report.

October 29, 2007.  Difference between the President's Budget and House Appropriations: Impact on New York State for Selected Programs. President Bush has threatened to veto an array of appropriations bills because they provide funding for domestic programs above the levels he requested in his budget. Adopting the president's budget request would mean significantly less funding in some key domestic programs that provide critical services to a broad swath of families and communities - less than the House has appropriated, less than the amount needed to keep pace with inflation and in some cases, even less than 2007 levels. This brief includes CBPP estimates of the difference in funding for New York for some of these programs.

October 16, 2007. FPI senior economist Trudi Renwick spoke at a 30-year anniversary recognition of the Food Stamp Program sponsored by the Nutrition Consortium of New York State, the NYS Child Care Coordinating Council of NYS, FOCUS Churches, Empire Justice Center, and FPI. The event was a call to action to strengthen the Food Stamp Program through the 2007 reauthorization of the Farm Bill. Press release from the Nutrition Consortium here and letter to Senators Schumer and Clinton here.

July 15, 2007.  The Fight over Federal Appropriations: Impact on New York State. In this issue of Fiscal Policy Note$, FPI takes a look at the struggle in Congress over domestic discretionary spending, and finds that the modest increases under consideration cannot be characterized as fiscally irresponsible, especially when compared to decisions currently being made on other parts of the budget. Press release here.

July 6, 2007.  The Public Cost of Privatized Medicare: How Medicare Advantage is hurting Medicare beneficiaries and other New York taxpayers. A report from FPI and Citizen Action New York finds that a privatized Medicare plan is costing taxpayers $709 million in excess premiums. Press release here.

May 16, 2007.   Stretched Too Thin: Food Stamp Benefits in New York State. A report showing the erosion of the food stamp benefit since 1996, and that the failure to correct this erosion will affect each county in the state. Press release here. Press coverage here.

February 21, 2007.  First Things First for New York: The President's Budget Makes the Wrong Choices for New York. An analysis of the impact of the President's 2008 proposed budget on New York, released in collaboration with Citizen Action of New York, the Coalition for Human Needs and the Emergency Campaign for America's Priorities. Press release and summary table here.

February 7, 2007.  The President’s 07-08 Budget: What It Means to New Yorkers. The budget released on February 5 by President Bush pays for massive tax cuts for the rich by cutting services and programs for the poor. The President's proposals balance the federal budget only on paper, and make it harder for New York to balance its budget.

June 28, 2006.  99 Percent of New Yorkers Lose Under Bush "Tax and Borrow" Fiscal Policies.

June 5, 2006.  Sorting Estate Tax Fact From Fiction:  New Data from IRS Shows that Only 1.6% of New York Estates (and Only 1.2% of All Estates Nationally) were Subject to Taxation in 2004.

For more information, please see Government Policies and Programs in FPI's research and analysis archive.

 

Potential Impact of 2007-08 Federal Budget on New York

May 24, 2007.  The Congressional Budget Plan: A Brief Analysis of the Conference Agreement. Center on Budget and Policy Priorities.

February 2007.  President Bush's Budget and New York. The White House.

February 14, 2007.  The Administration Again Proposes to Shift Federal Medicaid Costs to States. Center on Budget and Policy Priorities.

February 8, 2007.  President Calls for Deep Cuts in a Wide Range of Domestic Programs. Center on Budget and Policy Priorities.

February 6, 2007.  Federal Grants to States and Localities Cut Deeply in Fiscal Year 2008 Federal Budget. Center on Budget and Policy Priorities.

February 7, 2007.  Distributional Analysis of the Proposed Standard Deduction for Health Insurance. Tax Policy Center.

January 23, 2007.  The Fiscal Impact of House 100 Hours Agenda. OMB Watch.

 

 

Tax Policy

April 9, 2007.  Taxpayers Likely to Pay the AMT in Tax Year 2007 Under Current Law, By State. Citizens for Tax Justice.

March 20, 2007.  Tax Cuts: Myths and Realities. Center on Budget and Policy Priorities.

June 28, 2006.  99 Percent of New Yorkers Lose Under Bush "Tax and Borrow" Fiscal Policies. FPI.

June 5, 2006.  Sorting Estate Tax Fact From Fiction:  New Data from IRS Shows that Only 1.6% of New York Estates (and Only 1.2% of All Estates Nationally) were Subject to Taxation in 2004. FPI.

March 22, 2006.  Who Pays the Individual AMT:  State by State Estimates. Citizens for Tax Justice.

 

About the Federal Budget Process

January 17, 2006.  Introduction to the Federal Budget Process. CBPP primer on the federal budget process.