Should we give tax breaks to start-up companies developing wind, water, or solar power?
Should we increase tax advantages to homeowners who install wind, water or solar power?
Of course! Energy created by oil, coal and nuclear means will only get more expensive in the future. Imagine how much gas we'll need when every Chinese gets a car!
definetly. that is where the government should be pushing new businesses to go.
I thinks so, but focus the tax break on rewarding innovation once the business is established. Simply subsidizing the business should not be an option, it makes innovation slow and clumsy.
You've asked two different questions - tax breaks to start up companies and increase tax advantages to homeowners. However, in the case of renewable energy investment I think that it's probably best that we give an across the board approval for both. Investment in start-ups should be left to the VCs, but tax breaks in the form of loan guarantees, deferred RE taxes etc, etc are all very helpful. For consumers it helps to "lessen the sticker shock", and ultimately the cost.
I wrote a hub on virtually the exact same topic earlier that might be worth a read - http://hubpages.com/hub/Retaining-Tax-B … gy-Systems
Yes & Yes,
More importantly we need to ramp up the incentives to large Domestic & International "Earth Healing Solar & Wind" Companies which are developing highly efficient Clean & Safe production facilities as we speak in perfectly suited regions such as the Mohave Desert.
Last figure I read was in the neighborhood of $6 Billion in subsidies which is certainly not enough considering how far we need to go in order to minimize or even phase out our usage of dangerous toxic energy sources like oil , coal, nuke etc....
Just think, if we don't encourage clean energy sources like Solar & Wind, we will inevitably need to build several more unhealthy carbon emmiting coal plants and radioactive nuclear "Godzillas".....I'm first in line for either to be built right on top of my house if necessary........But Seriously, look on the bright side if that happens...When your skin starts turning an attractive shade of glowing fluorescent lime green, you can always just step outside and shower yourself with a soothing layer of coal soot and smut raining down from the refinery up the street.....A free and easy way to cover up and disguise that inconvenient fallout before that important date........
But Seriously again, subsidies for job re-training for those currently employed in the oil and coal industry is also an essential element to the ongoing conversion...
I think you have to be extremely selective otherwise it becomes a business built on tax breaks and never really evolves beyond that step. Take for example the development of ethanol. Early on the government subsidized it and still does. It is a proven process but the expense involved with getting the ethanol to the pump makes it too expensive for the average consumer. As of late, the popularity of it is driven more by the fact that gasolines prices have come up to a point wher ethanol is starting to be competitive in terms of price. In terms of what it accomplishes, it is a a bit of a failure in that the fuel economy is not as good as gasoline thus even at the same price it is more expensive to use. It also produces and emits more carbons into the atmosphere yet our government continues to subsidize it as a product...for what viable reason after all these years? WB
Yes, we need to motivate people and companies to go green and nothing motivates more than the all pwoerful dollar.
I would have to say yes. However, I believe the tax credit already exists though. I would have to check.
Business that develop the means of wind, water, and solar energy should receive a tax break for a maximum of five years. This should be plenty of time to get off of the ground. After that it is sink or swim time, no more governmental bailouts.
Yes! We need entrepeneurs in alternative energy, but we also need to investigate these companies thoroughly to weed-out fraud and scammers.
No They are not goning to give us a tax break on the bills.. You give them a inch and they take a mile..
There should not only be tax breaks on companies developing these Green Technologies, but tax breaks for people marketing and selling them. And incentives for people buying them.
Otherwise you will have a company developing Green Technologies that no one will ever be able to actually use.
by nightwork4 7 years ago
should tax breaks be given only to companies that don't outsourse their jobs?why are companies that send jobs to other countries given tax breaks and how does these breaks help our economy if they do help at all.
by Dennis L. Page 6 years ago
Do tax breaks for the rich really create jobs?Nick Hanauer, a venture capitalist states consumers create jobs and not the wealthy. He claims the rich only hire if consumers are buying goods and products and that there are not enough wealthy to support our economy. He says, "If it were true...
by Brian 7 years ago
This may not be news to a whole lot of people, but, I am getting sick of this. Why isn't the Government doing anything about it, especially when they know that it is killing our economy? Not, to mention that we are fighting wars over it, only to have the countries we are "Aiding" are...
by Eric Newland 6 years ago
One of the biggest problems I have with OWS and the whole "wealth redistribution" thing is that it seems to vilify and thus call for the punishment of certain people based entirely on their income level. Doesn't matter how they got their wealth or what they do with it. They're...
by Dennis L. Page 5 years ago
Where are the jobs?Should companies that outsource jobs receive tax breaks equal to the employers that keep jobs within a country's borders? If yes, why do you feel that philosophy is acceptable?
by oldandwise 6 years ago
When I voted for President Bush, I bought into that, hook, line, and sinker. Did it happen? If it did, I certainly didn't see it. Did the wealthier get richer? Every indication they did. Did the middle class fall? The answer to that, I'm sure is obvious with the recession. So I ask, anyone, to...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|