EPA Regulations Increase Energy Bills, Reduce Jobs
The National Economic Research Associates (NERA) has put out an analysis that shows that EPA regulations are both costing consumers more in their home energy bills and costing jobs our economy desperately needs.
The EPA’s Clean Air Transport Rule (CATR) and Utility Maximum Achievable Control Technology (MACT) were the only regulations included in the report, which means that other EPA burdens such as greenhouse gas regulations, new standards for refineries and utilities, and other such legislations will actually make the toll on Americans much higher. According to the report:
- Average U.S. retail electricity prices in 2016 would increase by about 12%, with regional increases as much as about 24%
- Net employment in the U.S. would be reduced by more than 1.4 million job – years over the 2013-2020 period, with sector losses outnumbering sector gains by more than 4 to 1.
Basically, what this says is that due to these regulations, you will be paying higher electricity prices and there will be fewer jobs. Costs rise, jobs decrease.
This is yet another example of the utopian society that the liberal left believes in being forced on us in our current economic vulnerability – and the resulting costs of that belief. Americans, and our economy, just can’t afford these increases.