Word: offsets
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...city charter to permit Mayor Frank Rizzo to seek a third term also rebounded against Flaherty. Democrat Rizzo, whose campaign had strong anti-black overtones, angered many Philadelphians. They voted 2-to-l against the mayor and in the process failed to give Flaherty the necessary margin to offset Thornburgh's advantage elsewhere. The Republican victory in the gubernatorial race is important, since it gives control of a populous Eastern state...
WHAT makes this more serious is that the lowest paid workers are those saddled with integrated plans. Harvard's 80 per cent social security offset is the highest currently allowable by law. In his tax reform package presented to Congress last January, President Carter asked for a limit on social security integration. Bennett, who worked on the tax proposals, says she personally believes the integration proposal did not go far enough, but adds that Congress nixed integration reform from the package anyway due to pressure from employer organizations. The AFL-CIO has consistently opposed integration. AFL unions around the country...
Sure, a $15 billion tax cut for individuals sounds awesome. However, when it translates into $5 a week for my family and this is more than offset by the increase in Social Security taxes, I am hardly pleasantly surprised. And the politicians wonder about the current mood of the people. I do not feel Congress got the message; apparently it got lost somewhere in the mail...
...completing the treaty's remaining 5%, that will require what U.S. diplomats call "end game trade-offs." One major example is the deadly accurate cruise missile, which the U.S. developed to offset ominous Soviet advantages in rocket size and power. Moscow had insisted that SALT II impose a 1,500-mile-range limit on cruises launched from planes; this would keep much of the Soviet Union beyond the weapon's reach. In September, however, the Russians indicated that they would drop this demand if a strict 360-mile ceiling were placed on the range of cruises fired from the ground...
Enough food is left over to make the export capacity of American agriculture the hope of the have-not world. Farm-product exports tripled in the past six years to almost $27 billion, helping mightily to offset the cost of imports. The U.S. exports more wheat, corn and other coarse grains (barley, oats, sorghum) than all the rest of the world combined. Pat Benedict and farmers like him are America's best hope to counter the trade challenge presented by the oilmen of Araby and the energetic manufacturers of Japan. U.S. food exports would be higher still were...