By Caleb Taylor | The Arkansas Project
New Environmental Protection Agency regulations could bring massive job losses to Arkansas, according to the National Association of Manufacturers.
From the NAM report released Thursday about the Obama administration’s new ozone emission standards:
The Environmental Protection Agency’s new ozone regulation could be the most expensive ever issued on the American public, costing the nation $270 billion to $360 billion annually. This regulation would hurt manufacturers and could increase costs for households in Arkansas while reducing workers’ incomes by the equivalent of 10,489 lost jobs, according to a new study by NERA Economic Consulting and commissioned by the National Association of Manufacturers. Cities, towns and rural areas across the United States would see reduced economic growth as unachievable permitting requirements prevent businesses from expanding or opening up new operations. Local and state governments would have to revisit vehicle inspection programs.
at The Arkansas Project.