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These allow businesses to offset a proportion of their spending on equipment, property and other physical assets against their taxable profits, thus reducing their tax bill.
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Mr. McCain would also initially allow businesses to meet all their emission targets either directly or by buying a kind of credit, called an offset, generated by, say, a landowner who can prove fields or trees are sopping up a certain tonnage of carbon dioxide or a business that can prove an investment avoided emissions that would otherwise have happened.
As an inducement, society allows businesses to take profits.
"It's got a lot of stable businesses to offset some of this other stuff," he said.
Indeed, many of them have become heavily reliant on their Latin American businesses to offset dwindling revenues at home.
Both companies are scrambling to build their Internet presence and other businesses to offset the decline in newspaper readership.
Goldman and other banks are increasingly looking overseas for business to offset a slowdown at home.
For the insurance companies, it promised enough new business to offset the cost of covering Americans with pre-existing conditions.
They have expanded their fixed-price merchandise business to offset their shrinking auctions section.
Defence contractors, too, are looking to these regions for new business to offset military budget cuts in their domestic markets.
The most glaring example involves derivatives, complex financial instruments that allow companies to offset many business risks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com