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But in the following decade, when it is fully phased in, repeal would cost the federal government an astronomical $750 billion.
The New York Stock Exchange, the Nasdaq stock market and other United States securities exchanges will be required to submit a decimal pricing plan within 45 days and to have decimal prices fully phased in by year's end, the Securities and Exchange Commission said in announcing its order.
When fully phased in by 1983, this cut enormously stimulated economic activity: Personal income tax revenues soared more than 60% over the next seven years.
The standards are to be fully phased in by 2003.
When fully phased in, the bill would cost about $50 billion a year.
The cost of Mr. Bush's proposal is estimated at $12.5 billion a year after it is fully phased in.
Once fully phased in, 18-year terms would permit presidents to make a Supreme Court appointment every two years.
John Lampl, a spokesman for British Airways, said the new charges would be fully phased in by early October.
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The largest cut described yesterday, which would allow businesses to deduct capital investments immediately instead of over years, would cost the state $560 million by 2008, when the proposal fully phases in.
Under the final rules, companies have until January 2015 to fully phase in the control measures needed; by comparison, the initial proposal called for a 60-day phase-in for many major requirements.
"The result is that, by the 2014 fiscal year, the fully phased-in sequester, along with the January 2013 tax increases, will cut the U.S. deficit already on a downward path from $1,089 billion in 2012 to $845 billion in 2013, and then further to $615 billion in 2014," he wrote.
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