Here is way to avoid absolute divs and tables if you know parent's height:
<div class="parent">
<div class="child"> <a href="#">Home</a>
</div>
</div>
CSS:
.parent {
line-height:80px;
border: 1px solid black;
}
.child {
line-height:normal;
display: inline-block;
vertical-align:bottom;
border: 1px solid red;
}
JsFiddle: