While some New York state budget watchdogs are warning lawmakers to rein in spending, the union-backed Fiscal Policy Institute (FPI) has recently released an analysis that shows the Legislature is simply proposing spending growth that would return the state to its 2014 level of spending, before former Gov. Andrew Cuomo implemented tax cuts and a 2% spending cap.

Nathan Gusdorf, executive director of the Fiscal Policy Institute, discussed spending, inflation and raising taxes with Capital Tonight host Susan Arbetter on Thursday.