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Senator Harry Reid of Nevada, the Democratic leader, plans to introduce a bill on the interest rates, and Democrats said it would offset its cost by preventing some individuals from paying taxes as corporations.
When you look at it carefully, Simpson/Bowles only differs from the radical right-wing Republican budget in a few areas, the most important of which is this: While the Republican plan calls for no tax increases at all, the Simpson/Bowles plan says it would offset its billionaire tax cuts.
First, the claim that the plan would "cost an astonishing $32.6 trillion during its first 10 years" doesn't include how it would offset health-care costs for individuals, employers and state governments.
It would offset the labor shortage caused by the declining birthrate and revitalize Japan's economy.
GE had said it would offset these by taking reserves against the future cost of restructuring the business.
The city said it would offset the lost parkland by creating an even bigger natural area nearby.
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The collapse of the deal has stifled Carrefour's hopes to capitalize on the high-growth Brazilian market, a move it hoped would offset its stagnant sales at home.
To achieve this in the synthetic credit portfolio, the CIO could have simply reduced its existing positions; instead, starting in mid-January, it embarked on a complex strategy that entailed adding positions that it believed would offset the existing ones.
Bad economic news has undermined the government's projection of accelerating growth stemming from private sector gains that, it believed, would offset public sector cutbacks.
The unit "embarked on a complex strategy that entailed adding positions that it believed would offset the existing ones," Mr. Dimon explained.
The money it makes from fertilizer would offset the 72 megawatts of electricity needed to strip out the carbon, compress it and pump it out to sea.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com