Economic Advisor To The President

Recommendation for the Implementation of Tax Subsidies for the Development of Alternative postal code SourcesCurrent state of cover production has been recognized to draw the hot flash of production (Hirsch , Bezdek Wendling , 2005 . When the peak of production has been reached , on that point is no opposite way but for production to last in a downward trend consistent with the highs and lows of the commerce cycle standard . The production of oil in the advent years would step by step decrease . This is non only because fossil fuel is non-renewable and would ultimately be downcast but this is also worsened by the rapidly increase human beings oil consumption with the employ of industries and growing place needs . Nature s process of producing oil cannot keep up with the world s rate of consumptionThe unify States ha s been attributed with the consumptions of after part of world oil production with two-thirds of oil produced and imported by the unite States being consumed by the transport sector (Hirsch , Bezdek Wendling , 2005 . conviction of the U .S . on oil to run its industries and service households , leads to the the risks arising from the performance of charge amplifications when oil supply declines and demand escalates and finding cost-effective ersatz sources of postal code . Alternative sources of energy constitute a promising long-term solution because compared to risk management , which is a passive action , the learning of substitute(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 . sparing because of the erratic movement of oil pricesHowever , the development of alternative sources of energy has go through a number of problems such(prenominal) as limited monetary resource fo r freelance inventors and scientists or the ! high price of untoughened materials and engine room 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 , pushing coitus to approve the legislation on levy subsidies for the development of alternative energy sources should be a priorityTax incentives are ways of utilize levy laws to ease the tax burden or sure sectors to encourage growth in investments in the tar nettleed sectors to make socially desirable ends (Raskin , 2007 . This definition implies a number of useable areas for ta x incentives to operate effectivelyFirst , there should be a jural priming for the tax incentives in the form of duly enacted legislations granting the carrying out of the tax incentive (Rashkin , 2007 . In for the tax incentive for the development of alternative sources of energy to be applied , Congress should be convinced(p) to approve the bill . Effort have to be do to communicate to Congress the importance of approving the bill in averting an impending oil crisis , if the United States is not and experiencing the crisis since the res publica has limited oil reserves and demand continues to increase , as well as ease the costly dependance 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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