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Governor Andrew Cuomo introduced a bill guaranteeing abortion rights that would align New York and U.S. law and may win over Republicans in next year’s elections.
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President Barack Obama’s budget proposal would cap multimillion-dollar tax-favored retirement accounts like the one held by Mitt Romney, his Republican rival in 2012.
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President Barack Obama’s latest plan to raise tax revenue from wealthy individuals would pinch tax- favored retirement accounts of some private-equity executives and self-employed professionals by capping them at $3 million.
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U.S. Senate Finance Committee Chairman Max Baucus said he would back off an immediate effort to impose tougher requirements on inherited individual retirement accounts.
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A New York political lobbying organization founded by a group of pastors sued to overturn the state’s same-sex marriage law, which took effect yesterday.
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New York Governor Andrew Cuomo would cut by almost half the state’s projected $3.5 billion budget deficit under a plan he hammered out with top lawmakers to raise taxes on top earners.
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New York Governor Andrew Cuomo’s plan to let the state’s highest income-tax rate expire is opposed by fellow Democrats in the Assembly who propose to keep the top levy on those earning $1 million or more.
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New York City Comptroller John Liu , who campaigned last year promising “full accountability and transparency” as chief financial watchdog in the most populous U.S. city, has refused to disclose the identities of money managers fired by the city’s $103 billion pension funds.
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New York City Off-Track Betting Corp. will close tomorrow even as the state Senate plans to reconvene on Dec. 7 to vote on a plan to save the bankrupt agency, said Jessica Bassett, an OTB spokeswoman.
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Future New York City workers wouldn’t receive full retirement benefits until age 65 and couldn’t count overtime in calculating retirement pay under proposals by Mayor Michael Bloomberg .
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