Word: offsets
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...political counselors promoting a tax cut contend that it may be needed to stimulate consumer buying and keep retail sales and production growing. But the President's economic advisers, by contrast, think business needs no such stimulus. They fear that the loss of revenues from a tax cut not offset by budget cuts or revenue increases elsewhere might cause the deficit to start growing again, forcing up interest rates and harming rather than helping business. Clinton has yet to make up his mind...
...President endorsed Mitchell's new posture. Asked by reporters, he declined three times to repeat his threat to veto any bill that does not provide universal coverage. White House aides think they can offset the image of Clinton the flip-flopper by playing up the image of Clinton the man who at least made the first important steps in the direction of change. Even so, the President is wary of the mainstream plan. While it offers a promise of keeping health-care inflation in check, which was one of his goals, it aims to reach just 93% of all Americans...
...instance, he blamed again the incipient presence of inflation. But Greenspan also sees a more global context for the pressure on rates. "If you get a significant increase for demand for capital in the world, real interest rates will tend to rise if the savings are not forthcoming to offset that," he told Congress in June...
...vacation destinations, the parks remain an absolute bargain, usually costing only $5 to $10 a vehicle. Half the national parks charge nothing at all. A park-service proposal to collect entry fees on a per-person basis, instead of per vehicle, would raise about $73 million to help offset the repeated budget cuts that have decimated the ranks of rangers and depleted maintenance programs...
...make the Federal Government the nation's health- insurance manager. According to the Congressional Budget Office, its cost- containment prospects are better than that of all other plans. It would also require substantial increses in taxes on both individualas and corporations, although proponents argue that these expenses will be offset by the savings people will realize by no longer having to pay premiums to insurance companies...