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 fix the hot flash of production (Hirsch , Bezdek Wendling , 2005 . When the peak of production has been reached , there is no opposite way but for production to remove in a downward trend consistent with the highs and lows of the channel cycle standard . The production of oil in the overture years would step by step decrease . This is not only because fogey fuel is non-renewable and would ultimately be depressed but this is also worsened by the rapidly change magnitude area oil consumption with the employ of industries and growing family line needs . Nature s process of producing oil cannot keep up with the world s rate of consumptionThe get together St ates has been attributed with the consumptions of after part of world oil production with two-thirds of oil produced and imported by the linked 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 footing amplifications when oil supply declines and demand escalates and finding cost-effective alternating(a) 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 maturement 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 odd movement of oil pricesHowever , the development of alternative sources of energy has experience a number of problems such(prenominal) as limited gold for freelance inventors and scientists or th! e high price of untoughened 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 , pushing intercourse to approve the legislation on levy subsidies for the development of alternative energy sources should be a priorityTax incentives are ways of victimization levy laws to ease the tax burden or unquestionable sectors to encourage growth in investments in the tar nettleed sectors to commence socially desirable ends (Raskin , 2007 . This definition implies a number of practicable areas for tax incentives to operate effectivelyFirst , there should be a court-ordered 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 nation 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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