Senate - Allows companies to use more of their losses to offset previous profits, increasing the cost to $19.5 billion.

To offset shrinking profits caused by the nationwide depression, the cut was to be put into effect line by line all across the country.

OF course, even in 1997, some investments produced losses, and these can be used to offset profits within each tax category and then across categories.

The company said the results in that division more than offset higher profits from crude oil production, which rose to $9.7 million from $5.1 million.

Whether 1990 is any better may depend on whether interest rates fall fast enough to offset declining profits.

Poor results at home offset modest profits in other markets.

This revenue would offset profits from sales by the other companies, allowing them to take out hard-currency profits.

The company is betting instead that improved fuel economy will increase sales more than enough to offset lower profits on each vehicle.

Under the law, he noted, a taxpayer can use such losses to offset profits for up to 15 years.

They can be used to offset profits this year - if mutual funds are fortunate enough to have any.