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It includes the statement: We do not propose to guarantee that the charge will be fully offset by the savings.
But over time, those costs will be fully offset by savings since workers will no longer get higher benefits when they reach 70.
Lawmakers hope the price tag will not exceed $900 billion over 10 years, fully offset by new taxes or reductions in government spending.
The bill's sponsor, Patty Murray of Washington, said that shouldn't matter, since the bill's cost was fully offset by new revenues.
The Federal Open Market Committee noted more reports that rising labor costs could no longer be fully offset by productivity improvements and that more companies seemed to be trying to raise prices to help profits.
"The giveaways are fully offset by various revenue-raising measures, including the scrapping of the 10p rate, the rise in the national insurance threshold and changes in capital allowances," said analysts at Capital Economics.
Similar(28)
And empirical studies suggest that while this approach would not be enough to fully offset the crippling confusion caused by "falsely balanced" reporting, it would help.
When they grew the soybeans in the sort of conditions expected to prevail in a future climate, with high temperatures or low water, the extra carbon dioxide could not fully offset the yield decline caused by those factors.
Mr. Obama said he was "committed to working with the Congress to fully offset the cost of health care reform," by curbing the growth of Medicare and Medicaid and "by enacting appropriate proposals to generate additional revenues".
All are looking at ways to make parts locally, and BAE is offering to fully offset the cost of a fleet of Gripens by investing an equivalent amount in the purchasing country.
A supplementation with >5 μM ZnCl2 fully offset the decrease in intracellular zinc content induced by MT2A overexpression in both SaOS2 and U2OS cells.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com