Word: caps
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...personal-best times in each of his races for the contest, echoed McKellar’s sentiment. “The opportunity to compete in ECACs is really what swimming’s all about,” Lin said. “It was a great way to cap the season—we had time drops all across the board, and it was really inspiring to see that.” Harvard had an especially strong showing in its relays. On the first day of competition, the Crimson came out with a bang in the 200-yard freestyle...
...environment, Obama’s cap-and-trade proposal is a market-friendly, politically palatable way to reduce carbon emissions. This solution will establish a finite number of pollution permits—and thus a finite cap on pollution—that companies would be required to buy and trade in an open market. Not only will this efficiently reduce carbon emissions, but the administration projects that it would raise $79 billion in revenue. Importantly, the flexibility of cap-and-trade should make it a politically viable alternative to solutions like the gas tax, which has faced undeserved popular...
...With the projected $79 billion in cap-and-trade revenue, the Obama administration should support the development of clean, alternative energies. Cap-and-trade will help reduce emissions, but it may not be enough to reach the budget’s goals of a 14-percent reduction below 2005 levels by 2020, and 83 percent by 2050. Such drastic, long-term reductions will depend on a low-emission energy infrastructure for America, which can only be developed with alternative energy technology...
...Another pillar of the budget’s fiscal reforms proposes to eliminate federal subsidies to farmers with sales revenues in excess of $500,000 per year and cap total individual subsidies for farmers at $250,000. Combined with other agricultural subsidy cuts, this would reduce farm subsidy expenditures by about $2 billion annually. This potential savings would be a boon for taxpayers. Furthermore, the inefficient subsidies currently create a price floor—a minimum price above market equilibrium—which artificially inflates prices, hurting American consumers...
...historic magnitude of this budget is undisputed. Nationalized health care, cap-and-trade emissions regulation, an end to some agricultural subsidies, government loans, and, of course, tax hikes would have each—let alone all—been unheard of three years ago. Yet desperate times call for bold measures, and the recession demands the policy reform and funding plans of this budget...