Good grief. The far left has completely lost it.
The Obama team’s latest EPA plan will kill off 183,000 private sector jobs a year.
New EPA regulations will kill at least 183,000 private sector jobs per year.
Penn Energy reported:
As the U.S. House of Representatives prepares to vote on the TRAIN Act, the American Coalition for Clean Coal Electricity, released a comprehensive analysis conducted by National Economic Research Associates (NERA) showing that several of EPA’s new and proposed regulations would lead to 183,000 lost jobs per year and significant increases in the price of electricity and natural gas.
“America’s coal-fueled electric industry has invested nearly $100 billion, so far, to achieve impressive reductions in air pollution. Now is the wrong time for EPA to blindly push ahead without even pausing long enough to understand how all of these rules could hurt American jobs and consumers,” said Steve Miller, president and CEO of ACCCE.
The analysis, done on behalf of ACCCE by NERA, relies on state-of-the-art modeling tools, as well as government data for almost all of its assumptions. NERA’s analysis projects that EPA’s Cross-State Air Pollution Rule and proposed Maximum Achievable Control Technology, coal combustion residuals, and cooling water intake requirements for power plants would, over the 2012-2020 period:
** Cost the power industry $21 billion per year;
** Cause an average loss of 183,000 jobs per year;
** Increase electricity costs by double digits in many regions of the U.S.;
** Cost consumers over $50 billion more for natural gas; and
** Reduce the disposable income of the average American family by $270 a year.
At the same time, the EPA says it will need another 230,000 new bureaucrats to implement their disastrous job killing policies.
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