Word: offsetting
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...studies. In 1986 it released a report claiming that the 20% decline in deductibility would prompt a 6% drop in annual sales and job losses of more than 400,000 per year. As a result, the argument went, any gains to the Treasury would be more than offset by lost revenue from income and sales taxes...
...scarcity of 10-man parties has been partially offset by the installation of a bar in the fourth floor Bingham common room by Sandoval's rooming group. "We go permission after the fact," Sandoval says...
...income taxpayers, Clinton's plan expands the earned-income credit to offset the increases in energy costs. The program, which will cost an additional $6.6 billion over four years, gives workers credit for what they earned in jobs, as opposed to money they received from welfare or other government programs. But many taxpayers already fail to benefit from the current provision because they find the forms too complicated to fill...
Defense outlays will be curbed, but those cuts will be more than offset by the relentless rise of spending for entitlements like Medicare and for interest payment on the national debt. Bottom line: total spending will increase at an annual rate of 3%, roughly the equivalent of 1992's inflation rate but slower than last year's 4.4% spending growth...
Jimmy Carter, the last liberal to serve as president, was also well intentioned. He, like Clinton, wanted to cut the growing budget deficit. He knew that he needed revenue to offset the spending programs on his liberal platform...