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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (183481)2/24/2004 5:47:40 PM
From: TimF  Read Replies (1) of 1572927
 
Providing tax benefits, not just on the end user but also on the R&D and manufacturing end, would produce a new thriving industry with new jobs, and provide the major political benefit of moving us closer to energy independence.

If the tax benefits are not balanced by higher taxes somewhere else then your getting a tax cut which is good in some ways but it would increase the deficit. Also such a narrowly targeted tax cut has less of a positive economic effect then a more general rate cut would. If the tax cuts are balanced off by increasing other taxes then you don't create any net new jobs or economic growth you just take a bit from the rest of the economy and put it in one area. The new jobs will be more visible then the lost jobs so on the surface it will look like you have new jobs but really there is no net job creation. The move to energy independence would be a small one. Even with the tax benefits many won't sink the money into solar power. If 2% of the people reduce their household use of (non-solar) energy by 30-40% that would only be .6 to .8% of household energy use, and since your ignoring industrial and transportation and other uses the final energy reduction would probably be less then .1%. Even that .1% would largely be a reduction in electricity use and much of our electricity is produced by domestic coal, or nuclear, and some is produced by wind or hydro power or other domestic sources.

Tim
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