Word: offsets
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Under the new taxation rules, Ottawa's share of energy revenues would increase from 10% to 24%, ultimately enriching federal coffers by $21.5 billion over the next three years. According to the Trudeau government, the tax was needed mainly to offset the power of foreign multinationals, which control nearly three-quarters of Canada's present oil and gas revenues. The Prime Minister's goal is 50% Canadian ownership...
...calendar has shortchanged retailers this year. There are only 26 shopping days between Thanksgiving and Christmas, as compared with 32 days a year ago. To offset the fewer business days, merchants in many areas of the country are hoping for cooler weather. Cold and especially snow remind shoppers that Christmas is near and help business. Traditionally, nothing hurts December sales more than soft, balmy weather...
Harvard is currently 2-1 in the ECAC with the victory over the Terriers and a 5-3 decision over Brown offset by an 11-5 loss to Northeastern. 1980 HARVARD VARSITY HOCKEY STATISTICS INDIVIDUAL SCORING No. Name Pos. GP G A Pts. PM GW Career Totals 5 Michael Watson F 3 2 4 6 8 0 27-27-54 10 David Burke F 3 3 2 5 2 0 27-33-60 16 Tom Murray F 3 3 2 5 0 0 22-17-30 8 Greg Olson...
...strategy also runs the risk of making inflation worse. Though -Reagan and his advisers insist that the tax cuts will be offset by spending reductions, the President-elect has been equally emphatic on the need to boost defense outlays at the same time. In the process, the deficit for the 1981 fiscal year that began in October could all too easily wind up swelling to $55 billion or even $60 billion instead of the $50 billion that is now projected, or the $27 billion that Rea gan is shooting for. Says Fiscal Expert Joseph Pechman of the liberal Brookings Institution...
Mayor Francis H. Duehay '55 sponsored the order, calling a lottery one "of a number of ways we might be able to offset the effects of Proposition 2 1/2," the massive tax cut approved by Bay State voters earlier this month...