While the common stock would fall in price, the preferred stock would offset that and add additional value.
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But there is one thing that everyone has in common (with the possible exception of the uber-rich): To offset future liabilities.
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That is to embed in law the common sense principle that any new proposals or new tax cuts need to be offset so that they don't cause a deterioration in the budget deficit.
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The only thing that these options have in common is that any revenue that they raise in the short term is more than offset by future revenue losses.
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