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 catch up with the hot flash of production (Hirsch , Bezdek Wendling , 2005 . When the peak of production has been reached , at that place is no opposite way but for production to consort in a downward trend consistent with the highs and lows of the backing cycle standard . The production of oil in the approach path years would step by step decrease . This is not only because fossil fuel is non-renewable and would ultimately be low but this is also worsened by the rapidly change magnitude globe oil consumption with the employ of industries and growing sign of the zodiac needs . Nature s process of producing oil cannot keep up with the world s rate of cons umptionThe coupled States has been attributed with the consumptions of after part of world oil production with two-thirds of oil produced and imported by the coupled 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 scathe amplifications when oil supply declines and demand escalates and finding cost-effective pick 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 ontogenesis 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 changeful movement of oil pricesHowever , the development of alternative sources of energy has experienced a number of problems such(prenominal) as limited cash for freelance inventors an! d 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 inform to approve the legislation on levy subsidies for the development of alternative energy sources should be a priorityTax incentives are ways of development levy laws to ease the tax burden or authenticated sectors to encourage growth in investments in the tar nettleed sectors to let socially desirable ends (Raskin , 2007 . This definition implies a number of serviceable areas for tax incentives to operate effectivelyFirst , there should be a sound priming for the tax incentives in the form of duly enacted legislations granting the executing 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 rural area 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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