StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Taxes and Policies - Essay Example

Comments (0) Cite this document
Summary
Renewable energy holds a great promise for the future, particularly when hydrocarbons are spoiling our environment, causing climate change and unpredictable weather across all parts of the nation. Everyone agrees unanimously that the nation needs a clean energy – a renewable…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
Taxes and Policies
Read TextPreview

Extract of sample "Taxes and Policies"

Taxes and Policies An Open Letter to US Congress Renewable energy holds a great promise for the future, particularly when hydrocarbons are spoiling our environment, causing climate change and unpredictable weather across all parts of the nation. Everyone agrees unanimously that the nation needs a clean energy – a renewable energy, which keeps our air and water clean and it is high time that US government continues to extend their support by providing more and more incentives for the cause of developing renewable and clean energy.
The US hydropower industry has metamorphosed into a big league in recent years and this has been possible due to the production tax credit (PTC) available to hydropower industry. The PTC has provided a big impetus to the industry. Unfortunately, the PTC is going to expire at the end of 2013 and that is causing the ripples among developers. Hydropower industry has come a long way providing 8% of all power generation and remains the dominant industry among all renewable power generation facilities of the country. The US government did a stupendous job by formulating the PTC in their 2005 Energy Policy Act and since then the industry is on resurge. It is not out of place to mention here that 84,000 families have now access to the cleaner source of energy (Snyder 2012). It is strongly required that the PTC is provided a long-term extension to continue with the high growth that has been witnessed in these years.
There is no doubt that our country has absolute advantage in harnessing hydropower and that is evident from the fact that taking advantage of the PTC, 23 states have increased their hydropower output by around 11% and more can be done in the years to come provided the government continues to grant their support as done in the past (Church 2012).
I am sure Senate will look into this and will extend the PTC until the period our dependency on hydrocarbon reaches to zero.
References
Church, L (2012). Incentives Provide Boon to Hydropower Industry. Retrieved July 27, 2012 from
http://www.powermag.com/renewables/hydro/4768.html
Snyder J. (2012). Hydropower Group Pushes to Expand Tax Break Through 2018. Retrieved July 28,
2012 from http://mobile.bloomberg.com/news/2012-04-16/hydropower-group-pushes-to- expand-tax-break-through-2018?category= Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Taxes and Policies Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Taxes and Policies Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/macro-microeconomics/1600893-taxes-and-policies
(Taxes and Policies Essay Example | Topics and Well Written Essays - 250 Words)
Taxes and Policies Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/macro-microeconomics/1600893-taxes-and-policies.
“Taxes and Policies Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/macro-microeconomics/1600893-taxes-and-policies.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Taxes and Policies

The various economic concepts linked with the public policies and income taxes

...?Essay: Economics Table of Contents Introduction 3 Answer Public Education Policy & Local Property Taxes 3 Answer 2: Population & Per Capita Taxes4 Answer 3: Valuation of Land 6 Answer 4: Corporate Income Tax 6 Answer 5: Economic System & Property Taxes in South Africa 7 Conclusion 9 References 11 Introduction This essay includes discussion over the various economic concepts linked with the public policies and income taxes. Firstly, the issue of financing the public education through the local property taxes has been and the impact it has had on the valuation of properties in various districts. Secondly, the impact of property taxes on the land valuation has been analyzed. This is followed by analysis of the incidence and burden...
9 Pages(2250 words)Essay

Taxes

... Assignment Taxation of the Wealthy People Introduction Today, we live in the age of globalization. The concept of freedom is critical to the materialization of a global society. No freedom is viable without economic freedom. The world has witnessed the failure of the planned economy with the fall of the former USSR. However, certain features of planned economy are still visible in the form of socio-political interventions that take place in the mixed economy capitalism. From the perspective of the American capitalist democracy, such policy interventions by the government are dangerous. Imposing more tax on the people with more income and assets is a similar policy intervention on the part of the government, which can hardly be justified...
3 Pages(750 words)Essay

Green biotechnology, government policies, taxes, barriers and all that include government policies for green biotech. deadline 2

... than existing varieties. Cases of scientific success in developing countries show that green biotech can change the local economy and reduce food security concerns. The famous example of technology beneficial impact on agricultural production is the green revolution. In Kenya, scientists have developed modified sweet potato with increased resistance to parasites giving higher yields. In US, transgenic crops have boost farmers’ incomes as yields increases and cost for fighting crop diseases reduce (Melendez-Ortiz and Vicente 39). Policies that government should develop to improve Green biotech Technologies that provide marginal improvements to existing methods in green biotech are either too costly, difficult to use or even diffuse slowly...
3 Pages(750 words)Essay

Avoiding Taxes

...?Avoiding Taxes Individuals residing in the U.S. are obliged to pay their income taxes (Hoffman, Maloney, Raabe, & Young, . The government uses the income tax to obtain funds for the building of public infrastructure and services. However, not all taxpayers are in favor of paying income taxes. Despite these contradictions is the reality that the government will never get rid of income tax but insist on implementing tax reforms that will sustain income taxation policies (Pechman, 1990, p. 1). U.S. taxpayers are considering ways to be exempt from income tax, and these are discussed, as follows: 1. Renouncing citizenship The determination of some citizens to avoid the payment of income taxes has led them to the idea renouncing their US...
3 Pages(750 words)Assignment

Oil Taxes

Crude oil, as the raw material in the world market has effected changes that have affected the economic stability of countries. While price changes has its usual negative implications, adverse supply shocks unexpectedly has created a critical scenario in the reduced aggregate supply in the world oil market thereby increasing its prices. In the early 70's, OPEC's control and reduction of oil prices according to Mankiw(1998)1 has aroused the world oil price instantly that has resulted to double-digit inflation and high unemployment rates. The changing prices of crude oil have its usual implications on the economy that often results to a world oil crisis. At the moment, the world is witnessing a major oil crisis with the current war...
15 Pages(3750 words)Essay

Taxes

.... If you see, over the past eight years, changes to the Tax Code have been made at a rate of more than one a day. According to the National Taxpayer Advocate office, there were 500 alterations in 2008 solely. Many of them concerned to the 2009 tax year. Amongst countries that serve as the base location for significant global businesses, the US now stands alone as the only country with both the worldwide taxation system and the corporate taxation rate over 30%. The Administration’s offers would further cut off the US in terms of taxation policy and further disadvantages US businesses competing in the global marketplace. At a time when the rest of the world is cutting down the tax burden on the foreign operations of domestic parties...
2 Pages(500 words)Essay

General Taxes

...General Taxes Impact of Tax Holidays on North Carolina Yield Impact The yield of the is adversely affected by the sales tax exemption. For example, retailers, revenue departments and local governments are forced to document and monitor the distinction of ineligible and eligible products. The sales tax holiday has resulted in enormous losses each year (Sirot, 2011). Equity Impact Sales tax is the main driver of the upside-down tax system. The middle-income earning North Carolinas (earning around $37,000 per year) pay excise and sales taxes 4 times more than individuals earning more than 1 million U.S. dollars per year. Sales tax holiday has done very little to address these inequities. The holiday excludes all taxpayers regardless...
1 Pages(250 words)Coursework

Taxes

...Taxes Managing Director Finance Manager 25/07 Vehicles to Minimize Taxes I believe that tax planning is needed to reduce income tax now and in future and all the firms essentially require tax efficient financial planning. In this regard, I would like to identify some available mechanisms that could be used for minimizing of incomes tax, capital gains tax and estate tax. Currently many forms are making use of some remarkable vehicles to reduce taxation on their incomes. For example, whole life insurance is one of those vehicles which contract many tax benefits, i.e. if one doesn’t withdraw interest or gains, and then no income tax will be due-ever. Using charitable trusts is another way to reduce income tax, especially for the ones who...
1 Pages(250 words)Essay

Taxes

...Should the USA lower, raise of maintain its corporate tax rates? Taxes are always a contentious issue in American politics. The two leading parties in the country have their own views on taxes. The Republicans are mostly in favor of tax cuts for businesses, whereas the Democrats generally favor proportionately high taxes for the rich. In my personal opinion I support a progressive tax regime that levies a greater tax rate on corporations and rich individuals. The rationale for this position is the prevailing disparities in American society. Despite being the richest country in the world, the United States lags behind in welfare and social security features. The revenues collected through a progressive tax regime can be utilized...
1 Pages(250 words)Assignment

Taxation Tax Policies and Income Taxes

...IRISH TAXATION al Affiliation) Introduction The Irish budget provides international tax strategies through its policy statements. The Minister of Finance announced the 2015 budget on the 14th day of October 2014. The announcements included the tax measures meant to encourage both local and foreign investors in the country. Their aim is to maintain Ireland’s competitiveness as a country that aims at achieving a favorable balance of payments. The tax measures include the Tobacco Products Tax that is under the Value Added Tax (VAT), the Double Irish Structure that is under Corporation Tax, and the Standard Rated Reliefs that is under the Income Tax (Doyle, 2010). This paper assesses the extent to which these tax measures are equitable...
6 Pages(1500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Taxes and Policies for FREE!

Contact Us