EPA regulations the Obama administration is scheduled to unleash in its second term would destroy up to 887,000 jobs a year, Sen. James Inhofe announced today.
Citing the results of a new study released today by the National Economic Research Associates (NERA), Sen. Inhofe described the crushing effects on jobs and family income of the coming EPA regulations:
“Earlier this month I released a Senate oversight report detailing the numerous job-killing regulations that the Obama-EPA has delayed or punted until after the election.
“Now, thanks to a new report from National Economic Research Associates (NERA), we have more insight into just how devastating these regulations will be for American families. According to NERA, they will destroy up to 887,000 jobs per year, hitting coal regions the hardest. In fact, peak year losses in family income in coal country would range up to $1,600 per household.”
Inhofe’s announcement comes a day after the Obama administration missed its second straight statutory deadline for publishing a legally-required report on its regulatory intentions and their economic consequences.
Sen. Inhofe blasted Pres. Obama for neglecting his legal duty to let the public know his regulatory intentions before the upcoming presidential election:
“President Obama is refusing to comply with the law that requires him to publish forthcoming regulations because he doesn’t want the American public to know the terrible cost of the regulatory barrage he plans to unleash in a second term.”
“So instead of being honest with the American people about what’s in store if he wins, he’s been trying to hide the fact that he intends to move forward with a slew of rules that will destroy hundreds of thousands of jobs and dramatically raise the cost of energy on American families.”Earlier this month, Sen. Inhofe released a Senate oversight report listing the numerous job-killing regulations that the Obama-EPA has delayed until after the election.