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Since tax credits reduce entitlement to other benefits, 57% of tax credit savings will be offset by increased housing benefit and council tax support.
For the next few years, at least, these cost savings will be offset by a big jump in the number of people who have access to private insurance, Medicaid, or Medicare.
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And it will do nothing to raise America's low savings rate, because the increase in private saving will be offset by higher public borrowing.Recruit some DemocratsA good idea would be to combine the carve-out with additional contributions, or "add-ons", as some Democrats advocate.
If QE works as advertised, the decline in the exchange rate will eventually narrow the US trade deficit and reduce the US demand for global savings (though that will be offset as lower interest rates boost domestic investment and consumption).
He warns Cameron's strategy won't even actually achieve its goal of cutting the deficit: any savings achieved by cuts will be offset by lower economic growth.
The immediate tax savings for Wells Fargo, however, will be offset by an anticipated $3.25 billion in legal costs related to its unauthorized-accounts scandal, regulatory investigations into its mortgage business and "other consumer-related matters". That's on top of a similar, $1-billion 1-billione bank reported in the third quarter.
Savings from lower individual benefits will be offset by more beneficiaries: retiring baby boomers.
The Energy Department has said the increased purchase prices will be offset by savings on consumers' energy bills, estimating savings of $6 billion per year by 2015 under the new guidelines.
"The costs will be offset by savings of up to £2m as staff vacate other buildings and move to County Hall".
In the long run, almost half of the annual cost of screening will be offset by savings in the cost for advanced disease.
Additional implementation costs will be offset by savings due to a marked decrease in complication rates and hospital length of stay.
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