Overbearing Regulations’ Impact on Seniors and Job Creators

Posted by ACCCE at 8:26 am, February 23, 2012

Today, President Obama will be giving a speech at the University of Miami to reiterate a major item from his State of the Union address last month, what he calls an “all-of-the-above” approach to energy. But new and proposed regulations from the EPA could take away our ability to produce electricity from one of America’s most affordable and reliable sources of energy: coal.

After Sen. Jim Inhofe (R-Okla.) introduced a disapproval resolution against Utility MACT last week, a new regulation which would needlessly drive up electricity prices and destroy jobs, the 60 Plus Association, a group representing over 7 million seniors (many of whom are on fixed incomes), explained why it’s important to set aside this rule:

For the last three years the EPA has been entirely hostile to policies that will increase energy supplies and lower costs for America’s seniors and families, and MACT is one of the very worst examples of this … Everybody shares the goal of environmentally responsible energy extraction and consumption, but the MACT as pushed by the EPA is totally irresponsible by demanding standards that are of no benefit to the public, but burden consumers with higher energy costs that will kill jobs.

The National Black Chamber of Commerce, an organization representing African-American business communities and entrepreneurs, also pointed out that the Utility MACT rule would be most costly regulation that the EPA has ever imposed, which would “close utility plants” and “end hundreds of thousands of jobs.” Other groups representing job creators, like the National Association of Manufacturers, pointed out the Sen. Inhofe’s resolution would be a good first step in truly having an “all of the above” energy policy:

Sen. Inhofe’s effort to repeal the Utility MACT rule will help give manufacturers more certainty while stopping an extremely harmful regulation. We need an ’all-of-the-above’ energy policy to keep manufacturing competitive. That should include clean coal … Harmful regulations that pick winners and losers will only inhibit economic growth and job creation.

You can learn more about Utility MACT’s impact on energy, jobs and manufacturing by clicking here.

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