August 19, 2015
While the MacIver Institute has detailed numerous times the detrimental impact President Obama’s new Clean Power Plan rule will have on the Wisconsin economy and taxpayer, Diana Furchtgott-Roth of e21 has an idea on how the American public can keep the EPA in check. In this take, Furchtgott-Roth condemns the plan as misleading, confusing, and costly, and recommends a National Regulatory Budget that would limit annual spending by regulatory agencies.
Furchtgott-Roth writes:
“In an attempt to make the rule more palatable to the public, the Environmental Protection Agency is hiding the costs of the plan, which would impose limits on carbon dioxide emitted by power plants.
What is needed is a National Regulatory Budget, such as the one proposed by Florida Republican Sen. Marco Rubio that would restrict costly regulations that agencies could promulgate, in the same way a fiscal budget restricts agencies’ spending.
…
The EPA’s claims that the benefits of the new rule exceed its costs are achieved by statistical hocus-pocus, namely minimizing costs and exaggerating benefits. Under a National Regulatory Budget, the director of the Office of Regulatory Analysis would investigate such shady calculations.”
Check out the full article at Market Watch.