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The president has not proposed spending reductions that would offset the tax cuts.
The industry will reap little, if any, new business from health care reform, certainly not enough to offset the tax.
"Some investors were disappointed that the Fed didn't increase the size of its purchases to offset the tax deal," Mr. Kleintop said.
And Republicans object that transferring general revenues to Social Security to offset the tax cut makes the program more like welfare, and worsens the federal budget deficit.
Similarly, governments could use a portion of the tax-revenue gains from new development to offset the tax burdens of those in close proximity to that development.
The income effect occurs when a taxpayer works harder, earning more income to offset the tax and maintain a level rate of consumption.
Similar(20)
For the last couple of years, he has owned more taxable corporate bonds because their yields were high enough to offset the tax-free benefits of municipal bonds.
WJRJ's losses could be used to offset the taxes on the profits of Turner's billboard business.
For instance, the report questions Feinberg's decision to offset the taxes a victim would have paid on his projected salary and challenges Feinberg's defense of that decision by invoking federal law.
Lydia Staiano, a spokeswoman for the East Quogue Civic Association, agreed that the owners of lavish summer homes help offset the taxes of year-round homeowners like her who are of more modest means.
Apple may get the brunt of the attention for its use of offshore havens to offset the taxes it pays in the U.S., but it's hardly alone.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com