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He proposes to offset the cost of that plan and reduce future budget deficits through higher taxes on the wealthy and on corporations after 2013, when the economy will presumably be healthier.
He proposes to offset the cost of that plan and to reduce future budget deficits through higher taxes on the wealthy and on corporations after 2013, when the economy will presumably be healthier.
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The White House is proposing to offset the $50 billion by eliminating tax breaks and subsidies for the oil and gas industry.
On Wednesday Republicans proposed to offset the $121.2 billion cost by freezing pay for federal civilian workers through 2015 and cutting the federal work force by 10 percent.
The Republican leadership proposed to offset the cost of the payroll extension mainly by extending a pay freeze on federal workers for an extra year, reducing the federal work force and increasing Medicare premiums for high-income recipients.
Democrats have proposed to offset the cost of subsidizing the lower interest rate by closing a loophole allowing some wealthy taxpayers to avoid Social Security and Medicare payroll taxes by classifying their pay as dividends, not cash income.
Mr. Obama did not propose to offset the cost of any state aid with savings from other spending cuts or tax increases, as some conservative Democrats and Republicans have demanded.
Mr. Obama had initially proposed to offset the rebates' expense with a new windfall-profits tax on oil companies, but the campaign indicated Monday that he would scrap that plan assuming that oil prices do not rise above about $80 a barrel.
Either Mr. Obama would pass his plan — which was not likely given Republican opposition both to additional stimulus measures and to the higher taxes on the wealthy that he proposed to offset the package's cost — or he would get political credit for trying, given the popularity of the plan's individual provisions.
Republicans oppose the package mainly because of the tax increases proposed to offset the $447 billion cost of extending temporary payroll tax cuts for all workers, cutting taxes for employers and providing additional spending for infrastructure work and for aid to local governments.
Then a load curve smoothing strategy is proposed to offset the load fluctuations of the tie-line of the residential region, where a control matrix deduced from the unified state model is introduced to manage the power outputs of different DSRs, considering the response order and the comfort levels.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com