Fiscal Policy Institute
@nyfiscalpolicy.bsky.social
An independent, nonpartisan think tank that advances sound and equitable fiscal policy to strengthen New York’s economy.
www.fiscalpolicy.org
www.fiscalpolicy.org
That comes to $12 billion in federal tax cuts for New York's millionaires—at the cost of up to one million New Yorkers losing health insurance and hundreds of thousands facing hunger due to SNAP and Medicaid cuts.
November 20, 2025 at 8:59 PM
That comes to $12 billion in federal tax cuts for New York's millionaires—at the cost of up to one million New Yorkers losing health insurance and hundreds of thousands facing hunger due to SNAP and Medicaid cuts.
We encourage the governor to consider extending funds beyond what was pledged today—which will cover merely 1 week of food assistance—and to continue to investigate ways to load SNAP EBT cards with the funds upon which families rely. 2/2
October 30, 2025 at 7:41 PM
We encourage the governor to consider extending funds beyond what was pledged today—which will cover merely 1 week of food assistance—and to continue to investigate ways to load SNAP EBT cards with the funds upon which families rely. 2/2
Reposted by Fiscal Policy Institute
NYSNA members welcomed Ulster County Exec. @jenmetzgerny.bsky.social, Michael Kinnucan @nyfiscalpolicy.bsky.social, Juanita O. Lewis
@cvhaction.bsky.social for a powerful panel on the impact of the federal healthcare cuts.
@cvhaction.bsky.social for a powerful panel on the impact of the federal healthcare cuts.
October 29, 2025 at 12:46 PM
NYSNA members welcomed Ulster County Exec. @jenmetzgerny.bsky.social, Michael Kinnucan @nyfiscalpolicy.bsky.social, Juanita O. Lewis
@cvhaction.bsky.social for a powerful panel on the impact of the federal healthcare cuts.
@cvhaction.bsky.social for a powerful panel on the impact of the federal healthcare cuts.
Critics of @zohrankmamdani.bsky.social's plan to fund social programs say raising taxes on millionaires will lead to significant out-migration among the wealthy
But 2023 tax data from New York Department of Taxation and Finance refutes this—confirming that tax flight among high earners is a myth
But 2023 tax data from New York Department of Taxation and Finance refutes this—confirming that tax flight among high earners is a myth
October 9, 2025 at 9:24 PM
Critics of @zohrankmamdani.bsky.social's plan to fund social programs say raising taxes on millionaires will lead to significant out-migration among the wealthy
But 2023 tax data from New York Department of Taxation and Finance refutes this—confirming that tax flight among high earners is a myth
But 2023 tax data from New York Department of Taxation and Finance refutes this—confirming that tax flight among high earners is a myth
For more info see @emmurpheis.bsky.social's report from April, "The Urgent Need to Raise Unemployment Insurance Benefits" fiscalpolicy.org/the-urgent-n...
October 9, 2025 at 2:36 PM
For more info see @emmurpheis.bsky.social's report from April, "The Urgent Need to Raise Unemployment Insurance Benefits" fiscalpolicy.org/the-urgent-n...
See @emmurpheis.bsky.social's testimony before the Rent Guidelines Board here:
fiscalpolicy.org/fpi-testifie...
fiscalpolicy.org/fpi-testifie...
September 30, 2025 at 7:34 PM
See @emmurpheis.bsky.social's testimony before the Rent Guidelines Board here:
fiscalpolicy.org/fpi-testifie...
fiscalpolicy.org/fpi-testifie...
Read more: fiscalpolicy.org/new-data-sho...
New Data Show Rising Inequality, Strong Wage Growth for Top Earners - Fiscal Policy Institute
New data released this morning show that inequality is rising in New York, with income gains for the state’s richest residents driving statewide wage growth well above the national average.
fiscalpolicy.org
September 11, 2025 at 7:45 PM
Read more: fiscalpolicy.org/new-data-sho...
NY’s income inequality rose in 2024— remaining the highest of any state, while national inequality fell.
September 11, 2025 at 7:45 PM
NY’s income inequality rose in 2024— remaining the highest of any state, while national inequality fell.
Top 20% of NY households saw 2.9% income growth (vs. 1.4% nationally), and the top 5% saw 3.8% (vs. 0.7% nationally). NY’s comparatively small middle class is shrinking, with 13% more households earning <$25K and 26% more earning >$200K than the US average.
September 11, 2025 at 7:45 PM
Top 20% of NY households saw 2.9% income growth (vs. 1.4% nationally), and the top 5% saw 3.8% (vs. 0.7% nationally). NY’s comparatively small middle class is shrinking, with 13% more households earning <$25K and 26% more earning >$200K than the US average.
NY job growth is sluggish at 0.6% in Q1 2025 and 1.2% in 2024, trailing national averages. High-paying industries—and historic federal tax cuts for these same top earners—are fueling growth in wages for high-earners, not jobs.
September 11, 2025 at 7:45 PM
NY job growth is sluggish at 0.6% in Q1 2025 and 1.2% in 2024, trailing national averages. High-paying industries—and historic federal tax cuts for these same top earners—are fueling growth in wages for high-earners, not jobs.
In Q1 2025, NY wages grew 8.0%, outpacing the US at 4.8%. But low-income households saw only 0.7% income growth (vs. 1.9% nationally) and middle-income households 1.6% (vs. 2.1% nationally).
September 11, 2025 at 7:45 PM
In Q1 2025, NY wages grew 8.0%, outpacing the US at 4.8%. But low-income households saw only 0.7% income growth (vs. 1.9% nationally) and middle-income households 1.6% (vs. 2.1% nationally).
High health care prices have played a major role in premium growth in recent years. Only a comprehensive set of price regulations can help address the root cause of unaffordable health insurance premiums in the state.
Read the full brief: fiscalpolicy.org/ny-small-gr... (7/7)
Read the full brief: fiscalpolicy.org/ny-small-gr... (7/7)
New York’s Small Group Market Has Big Problems - Fiscal Policy Institute
Health insurance premiums will rise steeply for many small businesses in 2026. New York’s small group market may be facing a death spiral.
fiscalpolicy.org
September 9, 2025 at 8:04 PM
High health care prices have played a major role in premium growth in recent years. Only a comprehensive set of price regulations can help address the root cause of unaffordable health insurance premiums in the state.
Read the full brief: fiscalpolicy.org/ny-small-gr... (7/7)
Read the full brief: fiscalpolicy.org/ny-small-gr... (7/7)
To ensure the small group & individual marketplaces can provide affordable, high-quality insurance for all, policymakers should adopt measures to stem enrollment losses and address high premiums. As we reported in July: (6/7)
fiscalpolicy.org/troubling-t...
fiscalpolicy.org/troubling-t...
Troubling trends in New York’s small group market - Fiscal Policy Institute
Read Full Report
By Bailey Hu, Health Policy Analyst, & Michael Kinnucan, Director of Health Policy
Prior to the passage of the Affordable Care Act (ACA) in 2010, small business employers in New York and other states often had difficulty buying affordable health insurance, especially if their employees were in
fiscalpolicy.org
September 9, 2025 at 8:04 PM
To ensure the small group & individual marketplaces can provide affordable, high-quality insurance for all, policymakers should adopt measures to stem enrollment losses and address high premiums. As we reported in July: (6/7)
fiscalpolicy.org/troubling-t...
fiscalpolicy.org/troubling-t...
Unfortunately, @NYDFS's rate increases indicate that these trends will likely continue. Oxford Health Insurance (subsidiary of
@UHC), the largest insurer in NYC & Long Island's small group markets, has an approved increase of 11.8% for 2026, more than 2x its 2025 increase. (5/7)
@UHC), the largest insurer in NYC & Long Island's small group markets, has an approved increase of 11.8% for 2026, more than 2x its 2025 increase. (5/7)
September 9, 2025 at 8:04 PM
Unfortunately, @NYDFS's rate increases indicate that these trends will likely continue. Oxford Health Insurance (subsidiary of
@UHC), the largest insurer in NYC & Long Island's small group markets, has an approved increase of 11.8% for 2026, more than 2x its 2025 increase. (5/7)
@UHC), the largest insurer in NYC & Long Island's small group markets, has an approved increase of 11.8% for 2026, more than 2x its 2025 increase. (5/7)
As of last March, the average monthly premium for a gold-tier, single-coverage plan ranged above $1,200 in NYC & Long Island. Both regions also saw high rates of premium growth in 2020–24, outpaced only by Rochester's stunning 45 percent jump in premiums. (4/7)
September 9, 2025 at 8:04 PM
As of last March, the average monthly premium for a gold-tier, single-coverage plan ranged above $1,200 in NYC & Long Island. Both regions also saw high rates of premium growth in 2020–24, outpaced only by Rochester's stunning 45 percent jump in premiums. (4/7)
In 2020–24, enrollment dropped by 24% while premiums also soared in most regions of the state. (3/7)
September 9, 2025 at 8:04 PM
In 2020–24, enrollment dropped by 24% while premiums also soared in most regions of the state. (3/7)