And he carried out an election pledge to cut value-added tax on domestic fuel from 8% to 5%, which may help pensioners but will also help everyone else to burn more fuel.
Lu Gauthier, whose Boston Tax Institute provides the best tax CPE value in New England if not the world, once remarked that the Tax Reform Act of 1969 cut the value of his LLM in taxation in half.
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FlyerTalk members are vocal when airlines change policies, cut the value of miles, or run sloppy operations.
This downward spiral may have been exacerbated by Europe's efforts to cut the value of Greek sovereign debt without triggering a payout on credit-default-swap contracts.
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Developing economies, for example, have a whole decade to cut the value of their export subsidies by 24% and the volume of subsidized exports by 14%.
Many banks cut the value of their super-senior CDO holdings to around 80% of face value at the end of the third quarter, according to one market participant.
If you're dependent on an index-linked annuity, the change being contemplated by the ONS could have cut its value by 15% over 20 years, with the cost widening every year.
Their main specific proposal is to revise the way the government calculates cost of living adjustments, which would cut the value of transfers like Social Security and Food Stamps and would push some taxpayers into higher brackets.
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Meanwhile, the fall in Germany's stockmarket, which last year was steeper than in any other big, rich economy, has cut the value of their remaining industrial holdings, taking the stuffing out of an old cushion against hard conditions.
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In fact, the interest rate - or yield - on Portuguese sovereign debt has risen relentlessly, especially in the last week, as the deal to cut the value of Greek debt owned by the private sector has moved closer to a reality.
Mortgage REITs, which use short-term debt to buy longer-term mortgage securities, also are at the greatest risk if interest rates rise because that would increase their short-term borrowing costs and cut the value of the mortgage bonds that they hold, possibly resulting in losses and reduced dividends.
Her move came as Malawi, one of the world's poorest countries, tries to cut spending and deal with its pressing economic challenges -- the government recently cut the value of its currency, the kwacha, by 40%, to restore donor funding by meeting conditions suggested by the IMF.
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Interest rates, if they move up, help investment income but cut into book value as bonds sell off.
At 6% it only takes six years to cut the real value of a national debt in half.
Urahn says the problem has been exacerbated by the recession, which has cut into the value of state investment funds.
The lost amenities and added population density, they said, would cut their property value by a third, and they were not going to take it lying down.
If so, at that point, it is critical that Congress replace a dumb cut with a smart cut of equal value, rather than deferring or repealing the sequester.
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The eurozone finance ministers announced that it expected Greece's private sector creditors to accept a nominal 50% cut to the value of the loans they have made to Greece.
While Congress has been afraid to permanently get rid of the threatened cut (they still figure in the total value of the cut in reaching their government healthcare expenditure numbers) and toss out the formula that failed to work as planned, the cut continues to be deferred.
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Inflation has cut into the real value of wages and profits, pushing up poverty again.
This cut in the real value of benefits between 2013 and 2015 may undo some of that.
But other times you can cut costs and create value by outsourcing parts of a process, and keeping the value-creating pieces in house.
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Lendio will continue to collect referral fees from lenders, a cut of the face value of the loans or a combination of both.
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Publishers could demand a cut of the resale value from a secondary market, but publishers and platforms could ultimately retain their users and dedicated fans.
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Jen is anchoring a significant, timely culture shift in city governments across the country so that they become increasingly adept at harnessing agile, open source technologies that add huge value and cut costs.
When a stone is identified as a borderline case between two grades, the system uses an optimisation technique, called a genetic algorithm, to explore the different ways in which the stone could be cut to maximise its value.
These cut-rate homes offer value for two main types of real estate investors: owner-occupants and distressed-property specialists.
Restaurants can push value meals and cut back on promoting commodities-intensive super-size offerings.
At a time when GE shares were going for a small fraction of previous value, Immelt cut the dividend.
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