Our legislative effort for passage of a new clean energy tax credit will be tax revenue positive net of the credit. There is a race between the transition to clean energy and the existential threat of global warming. The last thing we should do is to eliminate the clean energy tax credit. But that’s the current plan. What we need …
My objective in a broader sense is to reduce income inequality through the transition to clean energy. Turns out this is a reinforcing pathway. As we reduce income inequality we can accelerate the transition to clean energy because our economy is stronger. Proceeds from the monetized clean energy investment tax credit are donated to a qualified non-profit. The purpose of …
We can accelerate the transition to clean energy by reducing income inequality. We can use the limitless resource of the sun to produce a universal dividend income. The reduction in inequality creates growth in jobs and spending generating additional tax revenue which funds tax credits accelerating the transition to clean energy. Generate tax revenue that allows a larger tax credit. And even …
Is it not obvious that if we need to accelerate the transition to clean energy, then we need to enhance the tax credit instead of eliminating it? How can we afford to do that? The tax credit generates positive net tax revenue. The tax credit can be increased to 70% and still generate net positive tax revenue with the proper redesign. What …
Currently the atmospheric concentration of CO2 (the leading greenhouse gas) is approximately 398.55 parts per million (ppm). According to the National Oceanic and Atmospheric Administration (NOAA), the federal scientific agency tasked with monitoring the health of our oceans and atmosphere, the current average annual rate of increase of 1.92 ppm means we could reach the point of no return by 2042. …
Thanks to existing tax credits, there is a substantial profit per watt realized from a solar power installation. SolarMethod is a social benefit corporation whose purpose is to create supplemental income for renters in the form of an income producing asset. In effect, we are beta testing a method for providing universal dividend income. We think its possible to fund a more rapid transition …
The tax credit would be generate net positive tax revenue. It is possible to design a 70% tax credit which is self-funding. What would a 70% tax credit mean regarding economic growth? Growth rates functionalized by an expanded, well paid work force? For every $1 per hr increase in wages, workforce participation increases by some number. With each additional worker, GNP …
I am a small rental property owner. I fell behind on my property taxes when the market declined. With interest and penalties, I was about to let the properties go. When the market rapidly improved, I raised rents to full market rates. I had congenial, you might say personal relationships with the people renting from me, so I felt bad …
MOre money going into Building housing units. So, I could be the beneficiary of affordable rental rates.
And the Effect on the Economy Would be Dramatically Beneficial. But what kind of havoc would an 80% tax credit have on government tax flows? If we utilize a methodology in which working families benefit form the tax credit then the result is net positive tax revenue. Putting the tax benefit to work creating supplemental income for working families, the …