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Heritage
Network
How
the EPA Plans to Kill Jobs and Reduce Your Income
Amy
Payne
December
17, 2013
How’s
your heating bill? If you feel like you’re not paying enough,
you’re in luck.
President
Obama’s Environmental Protection Agency (EPA) is pushing new
regulations on power plants—regulations that will kill jobs, jack
up your energy costs, and even end up reducing families’ income
because of the impact on the prices of everything you buy.
As
Heritage experts Nicolas Loris, Kevin Dayaratna, and David Kreutzer
explain:
These
regulations will act as a major energy tax that would negatively
impact American households. Americans will suffer through higher
energy bills, but also through higher prices for goods and services,
slowing the economy and crippling the manufacturing sector.
…It
will cost more to heat, cool, and light homes, and to cook meals.
These higher energy prices will also have rippling effects throughout
the economy. As energy prices increase, the cost of making products
rises.
The
EPA’s war is against coal, which is the main source of electricity
for 21 states. In their research, Heritage experts analyzed a
phase-out of coal (thanks to the EPA’s regulations) between 2015
and 2038.
Here
are their dire warnings. By the end of 2023, they project:
Employment
falls by nearly 600,000 jobs (270,000 in manufacturing).
Coal-mining
jobs drop 30 percent.
A
family of four’s annual income drops more than $1,200 per year, and
its total income drops by nearly $24,400 over the entire period of
analysis.
And
for what?
Certainly
not helping the environment. The authors sum it up: “President
Obama’s climate plan would have a chilling effect on the economy,
not the climate.”
MB12.16
They
explain that “regulations aimed at reducing greenhouse gas
emissions will have no meaningful effect on global climate change.
The EPA admitted this in its own proposed rule.”
So—hundreds
of thousands of lost jobs, thousands in lost income, higher prices
across the board—and “no noticeable climate impact.” That’s
what these regulations mean.
It’s
important to remember that these rules are being developed by
unelected bureaucrats at the whim of the Obama Administration. We’ve
already learned that the Administration delayed a number of
controversial regulations, including energy-related ones,
conveniently until after the 2012 election. Why? Because they’re
harmful to Americans.
The
authority to make such sweeping changes doesn’t belong to these
unelected bureaucrats, the Heritage experts say. Congress should take
back its power and prevent these rules from inflicting harm on the
economy—and our wallets...
Read
this and other articles at Heritage Network
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