Go to Stop the EPA from Hijacking the EPA
Sponsored by The Heritage Foundation
On April 17, the Environmental Protection Agency (EPA) issued an endangerment finding, saying that global warming poses a serious threat to public health and safety. Thus, almost anything that emits carbon dioxide and other greenhouse gases could be regulated under the Clean Air Act. This is the first official action taken by the federal government to regulate carbon dioxide.
EPA's Greenhouse Gas Finding Endangers U.S. Economy - The endangerment finding is the initial step in a long regulatory process that could lead to the EPA requiring regulations for almost anything that emits carbon dioxide. That's right—it claims that the same gas that we exhale, and that plants use to make food, is now considered harmful to both humans and the earth! Automobiles would likely be the first target, but subsequent regulations could extend to a million or more buildings and small businesses, including hospitals, schools, restaurants, churches, farms, and apartments.
Costs and Red Tape for Ordinary Americans - These regulations will drive up gas prices, food prices, transportation costs, and the price of manufactured goods. All of these measures will, at best, result in a change in the Earth's temperature too small to ever notice.
Lost Jobs - As a result of this regulation, job losses would exceed 800,000 annually for several years. The already-struggling manufacturing sector would be hit especially hard: durable-manufacturing employment will decrease by 28 percent; machinery-manufacturing job losses will exceed 57 percent; textile-mills employment will decrease by 27.6 percent; electrical-equipment and appliance employment will decrease by 22 percent; paper and paper-product jobs will decrease by 36 percent; and plastic and rubber products employment will drop 54 percent.
Negative Impact on Businesses - Businesses both small and large will be forced to deal with greatly increased costs and red tape. Many small businesses and some farms could be forced to close since they are less able to absorb the higher costs of energy, transportation, and goods, and less equipped to deal with the legal red tape of complying with such regulations. The red tape could keep entrepreneurs from starting the new companies that are at the heart of our economy.
Reduced International Competitiveness - The massive new regulatory burden on domestic manufacturers will not apply to foreign producers, putting American businesses at a disadvantage. In just 20 years, the proposed carbon dioxide rules alone would lower gross domestic product by $7 trillion, with single-year GDP losses exceeding $600 billion.
Go to Stop the EPA from Hijacking the EPA
Sponsored by The Heritage Foundation
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