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Economy

Dem, GOP lawmakers vow to spare millions from AMT

WASHINGTON — Bipartisan leaders in Congress are vowing to spare more than 21 million taxpayers from significant tax increases when they file their returns next spring by adjusting the alternative minimum tax before the end of the year.

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New York ranks at bottom on tax index

The most obvious news of the day: New York state taxes are awful. This time, though, it’s official. The Tax Foundation, a self-proclaimed nonpartisan tax research group based in Washington, D.C., recently ranked the Empire State dead last in its annual Tax Climate Index.

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Goldman fined $650,000 for disclosure lapse

WASHINGTON, D.C. — Industry regulators have fined Goldman Sachs $650,000 for failing to disclose that two of its brokers, including the executive accused of leading the mortgage securities deal that brought civil fraud charges against the firm, were under investigation by the government.

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Engineering firms feel pinch of funding cuts

Engineering firms in the region are like many other professions and trades that have seen layoffs, shrunken profit lines and a lack of new work. A great deal of public funding has dried up, which has cut business for some area engineering firms ...

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