Saturday, February 27, 2021
GMO test
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
GMO test
No Result
View All Result
Home Uncategorized

Obama 2013 Budget Seeks to Make Renewable Tax Credits Permanent

by Richard Matthews
February 24, 2012
in Uncategorized
0

President Obama’s 2013 budget has proposed business-tax reform including support for renewable energy. His reforms would make the temporary tax credits for renewable energy production permanent as well as making them refundable. The budget is part of the President’s energy plan to double electricity output from clean sources by 2035.

As evidenced by his State of the Union addresses in 2009, 2010,, 2011, and 2012, the President has been a stalwart champion of renewable energy.

The Treasury Department has indicated that making renewable tax credits permanent will “provide a strong, consistent incentive to encourage investments in renewable energy technologies.”

“This Framework recognizes that, as we expand manufacturing in the United States, the tax code should encourage doing so in way that is sustainable and that puts the United States in the lead in manufacturing the clean energy technologies of the future. This will create jobs here at home and can also have important spillover benefits. Moving toward a clean energy economy will reduce air and water pollution and enhance our national security by reducing dependence on oil. Cleaner energy will play a crucial role in slowing global climate change, meeting the President’s goal of producing 80 percent of our nation’s electricity from clean sources by 2035.”

There are very real concerns that the expiration of the production tax credit (Section 1603 grant program) at the end of 2011 will have a profoundly negative impacts on the renewable energy sector and result in hundreds of job losses.

In addition to the proposal to make renewable energy tax credits permanent, the Obama administration is also seeking to lower the corporate tax rate from 35 percent to 28 percent, and to 25 percent for manufacturing. The President’s proposed reforms would also make permanent a 17 percent tax credit rate for Research and Experimentation (R&D).

It is now up to Congress to decide whether the tax reforms proposed by the President become law.

Click here to see the press release or here for the full PDF of the budget.

For information on the environmental elements of the Obama budget click here.

© 2012, Richard Matthews. All rights reserved.

Related Posts
President Obama’s 2013 Budget Seeks to Increase EV Tax Credits
Obama Budget 2013: Striving to Put an End to Oil Subsidies
The Renewable Energy Standard
President Obama’s 2013 Environmental Budget
Renewable Energy Is Our Only Hope
President Obama’s Environmental Efforts
Government Incentives are Growing Renewables
High Oil Prices Stimulate Renewable Energy
IPCC Report Indicates that Most of the World’s Energy Requirements can be Met with Renewables

ShareTweetShare
Previous Post

The 2012 Global Cleantech Directory

Next Post

Obama Striving to Put an End to Oil Subsidies

Related Posts

Unprecedented Wildfires in 2020 are Connected to Climate Change

by Richard Matthews
December 29, 2020
0

The intense wildfires that raged across the Western U.S., South America, and Australia in 2020 are being attributed to climate change. What makes these fires unprecedented is their size and...

American Courts are Defending Democracy and the Environment

by Richard Matthews
December 14, 2020
0

Despite unprecedented challenges, America's legal system has held. In recent weeks the courts have repeatedly defended democracy and in the last four years they have overturned a wide range of environmental...

Boycott Culture and Brand Influence During Trump’s Presidency and Beyond

by Richard Matthews
December 8, 2020
0

Brands wield enormous influence over popular culture and whether they are pursuing core social values or trying to preempt boycotts, brands are finding it harder to ignore social, environmental and political...

Next Post

Obama Striving to Put an End to Oil Subsidies

Leave a Reply Cancel reply

Follow Us

  • Facebook
  • Twitter
  • Email
  • LinkedIn
  • Reddit
  • SoundCloud

Subscribe to the Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Emissions

Carbon Emissions – Red States and Blue States (Infographic)

by Richard Matthews
February 25, 2021
0

Red states produce and consume more carbon than blue states. This holds true for both Republican state economies and the...

Read more

America’s Most Popular Purveyor of Climate Disinformation is Dead

February 23, 2021

The International Conference on Fake News, Social Media Manipulation and Misinformation (10 Events)

February 21, 2021

Climate Action: Why We May Finally Do What Needs to be Done

February 20, 2021

China’s Climate Leadership?

February 15, 2021
  • Business
  • Economy
  • Energy
  • Environment
  • Investing
  • Politics
  • Technology
  • Social Change

© 2021 Copyright The Green Market Oracle.

No Result
View All Result
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • GDP
    • Jobs
    • The Green Economy
  • Energy
    • Fossil Fuels
    • Renewables
    • Solar
    • Wind
  • Environment
    • Emissions
    • Biodiversity
    • Extreme Weather
    • Wildfires
  • Investing
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Technology
    • Buildings
    • Carbon Capture
    • Climate Change
    • Food
    • Transportation
    • Health
    • Renewables
  • Social Change
    • Education
    • Activism
    • Psychology
    • Marches

© 2021 Copyright The Green Market Oracle.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In