Word: offseting
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...emerged as the major source of state revenue - and that personal-income tax swings more wildly than other taxes, like sales tax. The typical state now gets 36% of its funding from personal-income tax, according to the Rockefeller Institute of Government. As unemployment continues to climb and investors offset their capital gains with losses, the effect is felt disproportionately at many statehouses. (See 10 ways your job will change...
...going to have to weigh in on it. We're all going to have to weigh in on it." The President says he still wouldn't go as far as McCain proposed and completely eliminate the current exclusion on taxation of employer-provided health benefits. (McCain would have offset that with a tax credit of up to $5,000.) But Obama is indicating a new willingness to go at least part of the way there...
...School employees accepted buyouts from the University. Administrators further reduced the personnel budget by eliminating some vacant positions and visiting faculty appointments, freezing faculty and non-union staff salaries, and slashing faculty allowances. Professors and senior administrators have also pledged several hundred thousand dollars in donations to help offset the budget...
...more than 1,200-page bill, known as the American Clean Energy and Security Act, would give away carbon credits to energy aggregators, producers, refiners and others - a financial boon worth more than $600 billion - to help offset costs for consumers. The Administration initially envisioned auctioning off the credits to raise money for green jobs and other Obama priorities, but that idea was met with stiff resistance from the business community...
...three days after the product's introduction. "Customers are voting, and Apple is winning," CEO Steve Jobs was quoted as saying in an Apple press release. It was the first time Jobs had spoken for the company since he went on medical leave in January. Such strength will help offset weakness in Apple's computer business - sales were still declining on a year-over-year basis in May - until the recovery takes hold...