Word: offset
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Dates: during 1970-1979
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...years. To increase the dividend payout, Kelso would gradually abolish corporate income taxes and require companies to distribute all of their earnings to stockholders. Kelso maintains that the Government's revenue loss would be temporary and bearable. One reason is that rising personal-income-tax collections would greatly offset the gradual decline in corporate tax take. He also foresees a decline in Government expenditures for welfare and "make-work" activities -subsidies for uneconomic farms, dubious construction and military projects -that, by his estimate, now occupy one-third of the U.S. labor force...
Such complaints are more than offset, however, by the knowledge that the SA3 missiles have caused the Israelis to suspend their deep-penetration raids for fear of direct confrontation with the Soviets. Egyptian morale, in fact, is at its highest point in months. "The uncertainty of the future still gnaws at everybody," a Cairo businessman said last week, "but at least we know that Cairo won't be bombed." The piles of sandbags have disappeared from the Nile bridges, blue dimout paint has been scraped off windows and automobile headlights, and Suleyman Pasha Square is bathed in new floodlights...
...most anxious to spend its tax revenue, of course, is the U.S. Richard Nixon, who told visiting students at the White House last week that the Middle East is "ready to go up" again, is still pondering Israel's request for 25 Phantom jets and 100 Skyhawks to offset the Soviet MIGs and SA3 missiles in Egypt. In March Nixon turned down such a request, but pressure is mounting for him to reply to the. Russian challenge by reversing his decision. Two separate studies on the question are being conducted-one by the National Security Council staff...
Edgerton and MacAndrew do not deny the physical effects of drink on, say, a man's ability to walk and talk straight. They do argue that these effects are offset by behavior that is "essentially a learned affair." Their moral: "Since societies, like individuals, get the sorts of drunken comportment that they allow, they deserve what they...
...Gainsbrugh of the National Industrial Conference Board believes that inflation is harder to contain now than in the 1950s, partly because service industries and government at all levels employ a much larger share of the nation's work force. That makes it far more difficult for the economy to offset the impact of rising wages by achieving increases in workers' productivity. The output per man-hour of a teacher, fireman or nurse can scarcely be measured, much less increased. The wholesale price index, which does not include the cost of services, has gone up more slowly than the consumer price...