Word: offseting
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...significantly, Folsom said nothing whatever about the Administration's last school construction program, which was killed in the House). Agriculture Secretary Ezra Taft Benson talked about saving $500 million by eliminating the acreage reserve section of the soil-bank program (a good part of that saving might be offset by increased subsidies). Treasury Secretary Robert Anderson, while avoiding talk of tax increases, plugged for renewal of the 52% corporation tax rate...
With the first eight men averaging only 6ft. 2 in. and the tallest starter just 6 ft. 4 in. the Yardlings will be precariously small for a college freshman team. To offset this lack of rebounding height the freshmen will have to run continuously and shoot well, and Munro feels he has the material to do just this...
Their most notable triumph was over Yale, early in the season; but this victory has been more than offset by losses to Columbia and Dartmouth, and most recently, to Princeton and Cornell...
Higher prices for clothing, housing and most other major goods and services more than offset the substantial reduction in food prices, reported the bureau. Although the rate of increase was the lowest in ten months, thereby offering hope of a stable index in the months ahead, the September high will trigger a 1?-to-5?-an-hour wage increase for some 1,500,000 workers. It will also cause further strains on inflation-pressed family budgets across the nation; while the price index stood 3.4% higher than a year ago, another Labor Department report showed factory workers' buying power...
What then was the clamorous Battle of the Budget all about? Were Capitol Hill's cuts mere political flimflam? Well, not exactly, said Anderson-Brundage. Congress and the Administration, between them, did in fact cut $2 billion out of the original budget. But the trimmings were more than offset by "a few upward revisions" partly due to inflation, partly due to ballooning programs that only Congress can change. Items: ¶ Bumper crops on the farms bumped up the cost of price supports by $739 million (total outlay for agriculture programs in the revised budget: $5 billion, or more than...