Federal panel's sweeping proposals cap deductions on mortgage interest

"Many stand waiting to defend their breaks, deductions and loopholes, and to defeat our efforts," the group said in a letter to Snow.

Marginal tax rates would be lower for individuals and businesses under two alternative tax systems endorsed by the panel.

Both would eliminate most deductions and credits i...

Carly Braun is a little closer to her trip to Germany.

The Folsom resident won't visit the European country for a sightseeing tour. Rather, the journey is for a medical procedure that should help relieve her of a very painful nerve disorder called Reflex Sympathetic Dystrophy.

On Saturday, many of Carly's friends gathered at Hammonton Volunteer Fire Company No. 2 headquarters to h...

Drug Prices Rise Twice Rate of Inflation, Group Says (Correct)

(Corrects age of Medicare program in 16th paragraph.)

Nov. 2 (Bloomberg) -- Drugmakers raised U.S. prices on brand-name treatments at about twice the rate of inflation during the second quarter, slightly slower than a year earlier, the consumer group AARP reported.

The prices paid by wholesalers for 193 of the mo...

WASHINGTON -- A presidential advisory commission recommended Tuesday that the deduction for state and local taxes be eliminated and two other popular tax breaks -- for mortgage interest and employer-provided health benefits -- be curtailed as part of a sweeping simplification of the income tax code.

The proposals, which face a long and rocky road before anything like them can become law, ...

If Mayor Bloomberg's goal is to bollix up the works at Ground Zero, he sure deserves an "A" for effort.

Yesterday, The Post's Steve Cuozzo reported that Hizzoner may be poised to pull down yet another pillar of the rebuilding plan: its financing.

"Out of nowhere," one source told Cuozzo, Deputy Mayor Dan Doctoroff informed state officials the city might want to divert some Liberty...

The Bush administration announced new rules Monday that will require certain insurance companies to take steps aimed at catching drug dealers, terrorists and others involved in money laundering.

Insurance companies covered by the new rules would have to train employees to detect money-laundering methods, establish policies and procedures to identify risks and minimize opportunities for ab...

ABN Amro Holding, the Netherlands' largest bank and parent of LaSalle National Bank of Chicago, said third-quarter net income rose a better-than-expected 35 percent and raised its second-half profit target after higher earnings from consumer banking in Brazil and North America.

Net income climbed to 1.2 billion euros ($1.45 billion), or 65 cents a share. Profit was helped by a 196 millio...