Word: offset
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Dates: during 1970-1979
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...upset the state's teachers by increasing the educational budget less than his Republican predecessor did last year. To provide tax relief, especially for the poor, he has proposed a general income tax cut and elimination of the sales tax on food. This revenue loss would be offset by a 1 ¾% boost in the state corporate tax and a new tax on mining operations. For economic reasons, the once crusading Lamm has only cautiously advanced his education, health and welfare proposals. "He has always been a person in the forefront of causes," says Senate Democratic Leader Raymond Kogovsek...
...good as any. About the only certainty is that federal revenues in fiscal 1976 will be sharply reduced by the $24.8 billion gross tax cut signed by President Ford last week (see THE NATION). But it is impossible to predict to what extent that cut might be offset by an economic resurgence, which would lift the individual incomes and corporate profits that are subject to taxation. A much greater imponderable is the spending proclivity of Congress...
...because restrictions on them were dropped and foreign purchases of U.S. stocks fell because of the bear market. But, worst of all, the Commerce Department's statistics underscored the fact that the nation's bill for petroleum imports soared by $18 billion last year. This more than offset exports of soybeans, jet planes computers and myriad other products' and led to a merchandise trade deficit of $5.88 billion...
When and if the Cambridge clerical and technical workers form their union, the Medical Area group will probably work closely enough with them to offset the disadvantages of not having one large union. But now, the Medical Area employees are already organized. Considering the differences in the location and the nature of their work from other clerical and technical workers here, their request to be allowed to have their own bargaining unit should be granted. Harvard's attempts to change an administrative structure to stop such a union should be recognized as no more than a sham...
...said that eliminating the present distinction between middle and lower group courses--one of the reforms still under consideration--and offering a choice of classes to all freshmen is being "seriously considered." He said that the current resentment and stigma felt by students in lower group courses more than offset the possible advantages of possible homogeneity of talent within the group...