The credits offer only a dollar-for-dollar reduction.
Low earners are unlikely to save if the yield of their savings leads to a dollar-for-dollar reduction in pension.
All of this comes as state financing to the district is cut by $400,000 to $500,000 as part of the Legislature's multibillion-dollar reduction in public education money.
Under Mr. Gore's proposal, which would be voluntary and phased in over 10 years, the government's match would take the form of a tax credit -- a dollar-for-dollar reduction in income tax.
Among other drastic cuts to domestic spending, the President proposes a ten-year, hundred-billion-dollar reduction in federal contributions to Medicaid, a program that helped provide new sets of teeth for Danny Hartzell and his wife just before their move.
Given that every dollar reduction in El Paso's share price represents about $700 million, any settlement is likely to surpass the $89.5 million settlement in the litigation over the Del Monte buyout.
For the prior decade, the statue had been the silent guardian of the east terrace of an East 58th Street penthouse triplex that went to contract, after a million-dollar reduction, for $2.4 million last November.
The pending multi-billion dollareductionon in federal military spending triggered by the failure of the Congressional "supercommittee" to make a deal on the budget is a possible wrinkle in the rosy prognostications.
"Their chief negotiator was Allen Boyd," Spratt told me, referring to the congressman from north Florida, "and we cut a deal — well, that's a little" — he amended his phrasing, and smiled — "came to an understanding" that "there would be a seven-billion-dollar reduction in the increase in N.D.D., non-defense discretionary spending".
"It comes directly off of your tax liability and is a dollar for dollar reduction in the actual taxes that you pay," notes John W. Roth, a senior tax analyst at CCH, a Wolters Kluwer company.
