Manufacturers: New ozone regulations could tank U.S. economy

The National Association of Manufacturers (NAM) is gearing up to take action on a major policy initiative coming from the U.S. Environmental Protection Agency that it says could be the most expensive regulation in the nation’s history, possibly tanking the economy and costing jobs at a time when businesses, manufacturers and families are making a comeback.

Later this year, the Environmental Protection Agency will decide whether it should tighten the air-quality standard for ground-level ozone.

Just a few years ago, in 2008, the EPA set ozone standards for air quality at 75 parts per billion (ppb). And just recently the second-highest court in the land held that the current standard protects public health.

Yet even before states have fully implemented the 2008 standard, the EPA is expected to propose revising it to as low as 60 ppb. In 2010, the EPA estimated that the annual compliance costs for a 60-ppb standard would be $90 billion in 2020.

But, according to a new study commissioned by the NAM and conducted by NERA Economic Consulting, the new ozone standard could cost Americans $270 billion annually, put millions of jobs at risk, and drastically increase energy prices for consumers and manufacturers.

In an op-ed published recently by the Wall Street Journal, Jay Timmons, president and CEO of NAM states, “No single regulation has come close to rendering this level of self-inflicted and ultimately unnecessary economic pain. Remarkably, the EPA has only identified one-third of the controls and technologies that companies and state governments will need to implement to meet the new standard.”
Click here for more information on this issue from the NAM website.

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