Double Whammy: EPA Carbon Regulations Will Mean Higher Electricity Costs, Fewer Jobs

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  • Cost as many as 442,000 jobs in 2022 and put 224,000 Americans out of work, on average, annually
  • Cost $51 billion in GDP loss annually
  • Lower disposable household income by 586 billion
  • Increase electricity costs by more than $289 billion.

 

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Double Whammy: EPA Carbon Regulations Will Mean Higher Electricity Costs, Fewer Jobs

uschamber.com - Next week, it's expected that President Obama will personally announce EPA's latest effort to transform how America generates electricity. Remember in 2008, when Candidate Barack Obama said, electricity prices would "skyrocket?" This is what he meant, and it will affect every element of economic activity.

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