Economic Advisor To The President

Recommendation for the Implementation of Tax Subsidies for the Development of Alternative brightness level SourcesCurrent state of oil colour toil has been recognized to make out the carousel of production (Hirsch , Bezdek Wendling , 2005 . When the peak of production has been reached , there is no other(a) office but for production to move in a down(prenominal) trend consistent with the highs and lows of the business cycle mystify . The production of oil in the coming years would little by little decr consolation . This is not only because fossil enkindle is non-renewable and would ultimately be depleted but this is also worse by the rapidly increasing world oil inspiration with the adjoin of industries and growing household needs . Nature s work out of producing oil cannot keep up with the world s rate of consump tionThe unite States has been attributed with the consumptions of fourth of world oil production with two-thirds of oil produced and import by the unite States being consumed by the transport sphere (Hirsch , Bezdek Wendling , 2005 . assurance of the U .S . on oil to run its industries and mili jackstonesy service households , leads to the the risks arising from the exertion of price increases when oil supply declines and demand escalates and purpose cost-efficient selection sources of cleverness . Alternative sources of faculty constitute a promising long-term solution because comp bed to risk commission , which is a passive action , the development of alternating(a) sources of energy is a proactive move that would lessen the reliance of the U .S . on fossil fuels and decrease risks faced by the U .S . tightfistedness because of the erratic movement of oil pricesHowever , the development of alternative sources of energy has experienced a material body of problems suc h as ricochet funds for freelance inventor! s and scientists or the high price of tender materials and technology in developing alternative energy sources . As such , to support the wide-scale development of alternative energy sources , as a solution to energy-sourcing problems in the U .

S , force intercourse to approve the legislation on assess taxation subsidies for the development of alternative energy sources should be a priorityTax fillips are ways of use tax laws to ease the tax commove or certain(prenominal) sectors to encourage growth in investments in the tar welcomeed sectors to stimulate socially desirable ends (Raskin , 2007 . This definition impli es a number of functional areas for tax incentives to operate effectivelyFirst , there should be a legal fundament for the tax incentives in the form of punctually enacted legislations granting the implementation of the tax incentive (Rashkin , 2007 . In for the tax incentive for the development of alternative sources of energy to be applied , sexual relation should be convinced to approve the bill . Effort shed to be make to communicate to Congress the importance of affirmatory the bill in averting an impending oil crisis , if the United States is not moreover experiencing the crisis since the country has limited oil reserves and demand continues to increase , as well as ease the costly colony of the United States on oil producing countries for oil importsSecond...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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