Word: recoups
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...Senator McCain’s proposal, on the other hand, reflects a very different approach to the health care crisis. His plan for a $5,000 health care tax credit for every American seems attractive at first glance; unfortunately, he plans to recoup the extraordinary costs associated with this credit by taxing employers on health benefits. As such, instead of expanding coverage, the McCain program is likely to discourage employers—currently the largest providers of health insurance in the United States—from offering health insurance as a benefit. This would be catastrophic to the public health...
...than 1.5 million houses in foreclosure (three times the normal rate) and about 3.5 million other homeowners behind on mortgage payments, the idea of rewriting loan terms has broad appeal. As advocates contend, homeowners will keep their houses, and lenders as well as investors in mortgage-related securities will recoup more money than is typically netted in a foreclosure. As a bonus, property prices across the country may stabilize more quickly as fewer foreclosures weigh on the market...
Jeffrey A. Frankel, an economist at the Harvard Kennedy School, said he supported the bill after it was revised over the weekend, citing the importance of congressional oversight and a provision for taxpayers to recoup part of any gains made by the government through the trading of distressed assets...
...detail that will be key to moving the deal forward remains muddy. Democratic aides say that at midnight last night, Pelosi suggested that the bailout deal guarantee that taxpayers recoup from financial firms any part of the $700 billion not paid back through the Treasury Department's reselling of the bad loans. "That was the last remaining issue and it was only decided after the Speaker's direct involvement," said one Democratic aide. How financial firms would be forced to pick up that tab, however, is not clear...
...bailout bill. Ideas being batted around include a temporary elimination of golden parachutes (payouts that executives collect when they lose their jobs); a lower limit on the amount of an executive's base salary that companies can deduct from their taxes (currently $1 million); "clawback" provisions to help recoup bonuses paid based on earnings or other metrics that later prove to be inaccurate; and limits on incentives for "excessive" risk-taking...