Word: offset
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...Having the Senate Budget Committee leaders involved in the talks is especially noteworthy, as it suggests the group is grappling with the issues of PAYGO - a requirement that all new spending be offset by reductions to avoid adding to the deficit. Their presence could also indicate that the group is considering moving the final bill through budget reconciliation, the end-of-the-year budget bill that needs only a simple majority of 50 votes to pass the Senate, thus avoiding a potential GOP filibuster. Republicans have repeatedly warned Democrats against trying to pass health care in that fashion, saying...
...outlines of such a budget can be found at AmericanSolutions.com. Our 12 American Solutions for Jobs and Prosperity include creating a temporary new tax credit to offset 50% of the payroll tax (helping both workers and small businesses), cutting the business tax rate to 12.5% to match Ireland's, and reducing the 25% marginal income tax rate to 15%, effectively establishing a flat tax rate of 15% for almost 9 out of 10 American workers. These steps would put more money into the hands of American businesses and consumers faster than any stimulus plan that has to disburse money through...
...thin. It has taken on obligations to assist many of its largest financial institutions, aid hundreds of thousands of homeowners, create jobs through an economic stimulus package, and give a large portion of the working population tax cuts. Wealthy citizens and corporations will be required to pay more to offset these obligations. This income will only make a difference if these sources have more to pay. A deep recession can be a great leveler...
...great majority of analysts and world leaders have said that, while some nations will experience economic contractions this year, the world as a whole will continue to have aggregate GDP improvement. The usual argument is that the strength of large, emerging nations like China and India will offset trouble in the U.S., E.U., U.K., and Japan. (See pictures of the Top 10 scared traders...
...change in routine space, or a moment of disruption, can remind us the otherwise-overlooked surrounding environment,” Yuan said. “That’s why I did a space installation.”Yuan used black yarn to create dark silhouettes of chairs, offset by a white canvas. The organic nature and familiarity of the yarn evokes an intimate nostalgia. Hugging Yuan’s work—literally, as the two elements are joined by black tape—is a clock and picture frames created by Martin. The clock’s face...