We’ve posted so many stories like this that sometimes it’s hard to keep count, but here is yet another slew of reputable sources finding the EPA rules will not destroy the economy. In fact, it may just be the boost it needs. The Director of Regulatory Policy Research at the Economic Policy Institute just wrote a piece that sums it up nicely. Here are some facts he rounded up on the air toxics rule:
- Economic Policy Institute (EPI)- forecast to have a modest, positive net impact on overall employment—likely leading to the creation of 84,500 to 117,000 jobs between now and 2015
- Congressional Research Service (CRS)- The benefits are also large, according to EPA, ranging from $37 billion to $90 billion annually. The benefits mostly reflect the monetized value of avoiding up to 11,000 premature deaths annually.
- Congressional Budget Office (CBO)- “On balance, CBO expects that delaying or eliminating those [EPA air] regulations regarding emissions would reduce investment and output during the next few years.”
Read the full article here: http://www.epi.org/blog/toxics-other-epa-rules-economic-effect/.