Word: taxing
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...funds rate is already down to 1%, and the economy is still sinking. Rates have nowhere to go but down - all the way to zero. And by the time President-elect Barack Obama takes office in January, it's likely the U.S. will be debating what sort of tax relief to individuals and businesses might be best - mimicking policy discussions that are already occurring along the same lines in Europe and Asia...
...when Congress passed the bailout bill this fall, it added a 30% tax credit for small-wind projects, which Stimmel believes will enable the industry to grow 40% next year, even in a down market...
...other words, small wind may not be small potatoes for much longer. And that could be a boost for domestic green businesses as well: U.S. firms control 98% of the small-wind market, in contrast to large-scale wind and solar, in which foreign manufacturers dominate. "Since the tax credit, our phone has been ringing off the hook," says Andy Kruse, a co-founder of Southwest Windpower, a major small-scale-turbine producer in Flagstaff, Ariz. "It's really exciting to see the market coming...
Even so, buying your own windmill isn't cheap. A turbine that could produce most of your family's electricity might cost as much as $80,000 and take as long as two decades to pay back, depending on wind strength and state subsidies. (The 30% federal tax credit is currently capped...
...Economics and the Politics,” was moderated by Richard Parker, a senior fellow at the Shorenstein Center and a HKS lecturer. Former U.S. Senate Staff Attorney Jack Blum—who has worked on bank and securities firm compliance, international financial crime, money laundering, and offshore tax evasion—rounded out the panel. The panel spent much of the time addressing the root causes of the economic crisis, and generally agreed that the lack of transparency in the financial markets was a top reason for the U.S. economy’s troubles. “We just...