11.   First, the tax cut must reduce the cost to investors of acquiring new plants and equipment.

12.   Kym Robertson, Air Canada spokeswoman, said the job cuts primarily will reduce its seasonal staff.

13.   Like the Republican Congress in Washington, the French government has proposed huge spending cuts to reduce the federal deficit.

14.   Midwest politicians and power company officials say the cuts will reduce electric capacity and hurt the economy.

15.   Normally, a discount rate cut in turn reduces interest rates that banks charge borrowers.

16.   Previously, the Finance Ministry had insisted that any corporate tax cuts must not reduce overall revenue.

17.   Price cuts also reduced first-quarter profits, the company said.

18.   She noted that federal budget cuts would reduce the ability of the Environmental Protection Agency to investigate new sites and add them to the cleanup list.

19.   Spending would remain about the same, even as tax cuts reduce revenue, creating a problem when the surplus runs out.

20.   The cut reduces borrowing costs for banks and other lenders, enabling them to keep more of the money taken in on loans.