tag:blogger.com,1999:blog-5256136730392159236.comments2023-03-05T11:21:50.734-05:00Green Energy Tax CutsRod Randolph Richardsonhttp://www.blogger.com/profile/15347412633097611934noreply@blogger.comBlogger105125tag:blogger.com,1999:blog-5256136730392159236.post-25427826218070310502016-08-10T19:34:33.302-04:002016-08-10T19:34:33.302-04:00Wow, looking back on this I see how the concept ha...Wow, looking back on this I see how the concept has evolved. The concept is now Clean Tax Cuts, applies not just to green energy, but to all decarbonizing investments, indeed to most pollution causing negative externalities. For instance, it applies to energy efficiency, something from which every corporation and taxpayer can easily and profitably benefit: greater energy efficiency measured by existing, widely-used metrics (CDP, Energy Star) driving lower tax rates. So it has become a much broader supply side tax cut. <br /><br />Never did the concept include tax credits or subsides, please note.<br /><br />But I would not now suggest a 0% tax rate. You don't want to shrink the tax base, but expand it. So the range should be from the current rates down to about 10%, sliding scale, the lowest rates reserved for the cleanest most decarbonizing investments. But going to zero is probably not necessary or advisable.<br /><br />Rod Randolph Richardsonhttps://www.blogger.com/profile/15347412633097611934noreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-56386797662304194892014-04-16T04:03:50.119-04:002014-04-16T04:03:50.119-04:00Nice blog here! Also your site loads up very fast!...Nice blog here! Also your site loads up very fast!<br /><br />What web host are you using? Can I get your affiliate link to your host?<br />I wish my web site loaded up as quickly as yours lol<br /><br />Take a look at my weblog - homepage, <a href="http://www.bing.com" rel="nofollow"></a>,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-78560712132175130292014-03-12T06:12:47.062-04:002014-03-12T06:12:47.062-04:00The best renovation is one that will bring you a r...The best renovation is one that will bring you a real return. we have put solar panels on our roof and that was a good choice. To find the a qualified local installer near you, use www.mysolarinstaller.com its free and they will send you quotes for your project. <br />Anonymoushttps://www.blogger.com/profile/11515165269744188031noreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-80299124534432415682011-12-18T21:15:27.660-05:002011-12-18T21:15:27.660-05:00The oil companies have a 50 year head start when i...The oil companies have a 50 year head start when it comes to subsidies and tax cuts. Now, to criticize renewable energy businesses for trying to level the playing field is ridiculous. Plus, let's not forget that China is also heavily subsidizing its solar manufacturers with free land and cheap loans.green investinghttp://www.greenworldbvi.com/why-alternate-green-investing/noreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-67031879761666691762011-11-21T20:01:33.860-05:002011-11-21T20:01:33.860-05:00Insightful comment, oh mysterious one who comments...Insightful comment, oh mysterious one who comments anonymously...<br /><br />For an expanded exposition of this proposal, look here:<br /><br />http://www.21stcentrist.com/2009/09/super-pro-bono-best-new-idea-in-health.htmlRod Randolph Richardsonhttps://www.blogger.com/profile/15347412633097611934noreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-66189279348613168882011-11-21T19:12:03.371-05:002011-11-21T19:12:03.371-05:00I truly think the answer lies in the fact that ...I truly think the answer lies in the fact that 'most' healthcare providers have a strong sense of giving back built into their DNA and would love a health care system that reduced the friction in the process so they could easily provide care to those in need. <br /><br />Imagine a system where those that qualify for Medicare/Medicaid receive it pro bono from the care givers, hospitals, and pharmaceutical companies. The healthcare providers are then given a tax credit (deduction) at the fair market value of the services provided. <br /><br />Key #1 - Tort Reform - can't sue a caregiver doing pro bono services. Think good samaritan law here. <br />Key #2 - Downsize Medicare/Medicaid from 3rd party payer to issuing credentials to qualified participants and auditing caregivers for fraud.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-76612919381776854602011-11-20T18:14:37.682-05:002011-11-20T18:14:37.682-05:00Nice going, Rod!Nice going, Rod!Julie Hamiltonnoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-50534122802096561362011-11-20T01:57:39.888-05:002011-11-20T01:57:39.888-05:00Go right ahead, Jim, just please post the link her...Go right ahead, Jim, just please post the link here. This is just a hasty comment, but I was thinking of editing and reposting in a day or two it as its own post.Rod Randolph Richardsonhttps://www.blogger.com/profile/15347412633097611934noreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-69319829269442526812011-11-19T21:44:04.612-05:002011-11-19T21:44:04.612-05:00Very well written. I will post this on our website...Very well written. I will post this on our website tomorrow if it is ok with you.<br /><br />Jim MurphyJim Murphynoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-41871179831776719402011-11-19T18:08:49.300-05:002011-11-19T18:08:49.300-05:00well done brah!well done brah!Gareth Hugheshttp://www.dubpies.comnoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-32268999838600831652011-11-19T18:06:46.715-05:002011-11-19T18:06:46.715-05:00Amen! Ever really read The Farm Bill? Farmers get ...Amen! Ever really read The Farm Bill? Farmers get paid to destroy crops of fruits and veggies every year with the likes of Round-Up. Subsidies can become perverse pretty quickly.Leslie Sensenignoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-50965044684785267502011-11-19T11:39:44.688-05:002011-11-19T11:39:44.688-05:00Despite public media belief that we get a subsidy,...Despite public media belief that we get a subsidy, we in fact do not. It goes to petroleum blenders. Most of us look forward to its end January 1, 2012. <br />The mandate (RFS 2) is a different matter. Without it the transportation fuel monopoly would simply block us from the market. even though our fuel is cheaper and cleaner. It is how the market works.<br />Sorry about the misuse of term credits. Of course I understood what you meant.<br /><br />Jim MurphyJim Murphynoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-82793362748457276992011-11-19T11:20:40.508-05:002011-11-19T11:20:40.508-05:00Thank you for the kind words. Sometimes when folks...Thank you for the kind words. Sometimes when folks are frustrated they get mean. The Obama attempt to try and fix the economy didn't work. So they yell a alot.Grover Norquistnoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-34597749658630301632011-11-19T11:18:59.843-05:002011-11-19T11:18:59.843-05:00Thanks Grover. Ironically, I just spent part of t...Thanks Grover. Ironically, I just spent part of this evening defending your good name in exception of some very unkind remarks about you. You really seem to have irked a few liberals, and their reaction is sadly visceral and personal.Rod Randolph Richardsonhttps://www.blogger.com/profile/15347412633097611934noreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-2614946524147823742011-11-19T11:17:35.321-05:002011-11-19T11:17:35.321-05:00Great!Great!Grover Norquistnoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-36588330399664191732011-11-19T11:15:27.180-05:002011-11-19T11:15:27.180-05:00That's great, Rod, I am glad that your ideas a...That's great, Rod, I am glad that your ideas are getting some exposure.Ben Tamlynnoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-65934268268451037132011-11-19T11:14:35.765-05:002011-11-19T11:14:35.765-05:00Congratulations, Rod! Very solid.
And if you wi...Congratulations, Rod! Very solid. <br />And if you wish for an editor...Roger Kaplannoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-40252790367744590252011-11-19T11:09:53.481-05:002011-11-19T11:09:53.481-05:00Thanks Jim! Of course, what I am talking about is...Thanks Jim! Of course, what I am talking about is not credits, but tax cuts on revenues and income, capital gains and estate taxes for green energy holdings. How would your business fare, Jim, if you had these incentives instead of the subsidies and mandates in place now?Rod Randolph Richardsonhttps://www.blogger.com/profile/15347412633097611934noreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-74319515983254092522011-11-19T10:32:31.076-05:002011-11-19T10:32:31.076-05:00As an owner of a 50 million gallon corn ethanol pl...As an owner of a 50 million gallon corn ethanol plant in Michigan I want to applaude you on this piece. These types of credits would bring a great deal of risk capital into new renewable projects. Congrats on the NY Times picking up your thoughts.<br /><br />Jim Murphy<br />Chairman<br />Carbon Green BioEnergyJim Murphynoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-19245355916950358542011-11-14T15:30:38.915-05:002011-11-14T15:30:38.915-05:00Good post!Good post!Catharine Macdonaldnoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-73074341502576289712011-11-14T15:28:24.914-05:002011-11-14T15:28:24.914-05:00(Continued...)
But there is another, even more im...(Continued...)<br /><br />But there is another, even more important reason: It can help heal the left/right schism in America. It is a win-win solution that both lowers taxes, replaces costly subsidies, taxes and regulations, and combines both environmental and libertarian concerns. And sets the stage for more of same.<br /><br />For the right, it is a great way to teach the left to love supply side tax cuts. The left and much of the political center believe, erroneously, that supply side tax cuts are a boondoggle. Think of this then as a much needed demonstration project showcasing the power of such tax cuts to foster investment and successful, profitable innovation in an area near and dear to the heart of the left. It could help set the stage for across the board supply side tax cuts. The big win for the right here is a possible thaw in the left's perception of supply side tax cuts as a result of this policy, and a willingness to replace costly, damaging big government approaches with approaches similar to this.<br /><br />For the left, the promise of supply side tax cuts it is a great way to garner support from the right for environmental and alternative energy concerns. The big win for the left here is that left's abiding humanitarian concerns may become more palatable to the right if presented in a manner that reduces taxes, subsidies and regulations, allowing for further alliances in other areas following this model, such as health care. <br /><br />For America, the ultimate big win of adopting solutions like this would be the restoration of something similar to the 18th-19th C. Liberal consensus, that combined a passion for freedom and free markets, with a powerful appeal to justice, rights, equality and humanity. That 19th C. consensus has largely fractured into two sets of concerns, claimed respectively by the the right and left of today. Restoring that consensus would mean smaller government, lower taxes, cheaper, more efficient environmental and humanitarian policies, greater prosperity.<br /><br />I see supply side tax cuts for green energy as leading to (a) competitive alternative energy companies that can stand alone; (b) broad supply side tax cuts for the whole economy. I expect, as profitable alternative energy companies emerge, tax preferences will be reduced. I don't see any great argument for special tax breaks for fossil fuels, do you?Rod Randolph Richardsonhttps://www.blogger.com/profile/15347412633097611934noreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-90880513634703315202011-11-14T15:28:04.712-05:002011-11-14T15:28:04.712-05:00Excellent question, Roger!
There are several go...Excellent question, Roger! <br /><br />There are several good reasons to support supply side tax cuts for clean, renewable energy, and different reasons depending on your political orientation, I might add. <br /><br />For instance, Milton Friedman once said "I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible." There are plenty of other arguments I could make about putting downward pressure on energy prices, etc. But this one should be the clincher for Friedman fans: it is a TAX CUT. As such, the net benefit to the economy from cutting taxes will be positive. Forget global warming, forget foreign oil dependency. If, as many free market scholars argue, cutting taxes is the best thing to do right now for the economy, then cutting some taxes is the next best thing. You do what you can.<br /><br />However, if you are asking "why promote clean, renewable energy preferentially?", there are a lot of folks, left and right, who have made the point, more knowledgeably than I can, that it is critical to avoid the negative externalities of fossil fuels: global warming, economic and strategic vulnerability (and hard costs) arising from oil dependency, national security considerations, many sorts of pollution, depletion of finite resources, etc. Some of these folks may even be our neo-con friends, like Daniel Pipes and Frank Gaffney (http://www.setamericafree.org/openletter.htm). I am not trying to judge, promote or add to those arguments, other than to say that they are serious, and the consequences of dismissing these concerns, if wrong, could be bad. Prudence dictates that if something can be done to promote alternative energy and lessen the social costs and risks of fossil fuels, if it would do more good than harm, then it would be better to do it.<br /><br />If you are asking "why specifically supply side tax cuts for green energy?", the answer is that, if it seems something must be done, supply side tax cuts are the least harmful, most beneficial of all possible incentives for green energy. Indeed, per Uncle Milton, it would probably be a net positive for the economy as a whole, by lowering the overall tax burden. Therefor, if the political majority of the US has decided to promote alternative energy for whatever reason (as seems to be the case) this is the best way to do so. For those who wish to promote alternative energy, it is the only way to promote success, not failure. For those who do NOT wish to promote alternative energy, it is the best middle ground compromise that is (a) cheaper and better for the economy that any of the alternatives (carbon taxes, direct subsidies, increased regulation and mandates), and (b) sure to not waste money on failures, sure to only benefit the most successful, profitable alternative energy business models. Further, unlike direct subsidy, it is the only kind of incentive that will not create corporate subsidy addicts, that can be scaled back in a reasonable time frame without killing to the economy or the industry.<br /><br />(Cotinued...)Rod Randolph Richardsonhttps://www.blogger.com/profile/15347412633097611934noreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-50632970252678544622011-11-14T15:20:30.996-05:002011-11-14T15:20:30.996-05:00Great post, Rod! But why give them a tax break th...Great post, Rod! But why give them a tax break that others don't get? Are you saying they should get an investment tax break that Big Oil don't get?Roger Kaplannoreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-82934836911875795642009-08-07T14:43:48.094-04:002009-08-07T14:43:48.094-04:00"The Gentleman Turtle Farmer" has a grea..."The Gentleman Turtle Farmer" has a great ring for a book or movie title! Hope your talk went well!Spinning Wheel Productionshttps://www.blogger.com/profile/10100707641343456732noreply@blogger.comtag:blogger.com,1999:blog-5256136730392159236.post-14755016564990919892009-07-17T23:40:31.264-04:002009-07-17T23:40:31.264-04:00This green energy tax cuts will favour the total i...This green energy tax cuts will favour the total industry.green-energyhttp://www.inverter-china.com/blog/noreply@blogger.com