By Craig Bannister, November 1, 2012 –
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.