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.
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.
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.
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.
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.
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.
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 .
New York Senate Republicans approved business-tax cuts and limits on levies that go beyond proposals by Governor Andrew Cuomo , who took office this month.