Obama Pushes Ahead with Costly New Regs
Last week I mentioned House Speaker John Boehner’s effort to obtain information from the Obama administration regarding new regulations with annual economic costs estimated to exceed $1 billion. After ignoring a similar request last year, the White House has issued a response this time around:
WASHINGTON (AP) — President Barack Obama says his administration is considering seven new government regulations that would cost the economy more than $1 billion each a year, a tally Republicans will pounce on to argue that Congress needs the power to approve costly government rules.
In a letter to House Speaker John Boehner, R-Ohio, Obama lists four proposed Environmental Protection Agency rules and three Department of Transportation rules estimated to cost in excess of $1 billion. One of the proposed EPA rules — an update to the health-based standard for smog — is estimated to cost the economy between $19 billion and $90 billion.
The letter, dated Tuesday, comes as the Republican-controlled House prepares to consider legislation that would require congressional approval for any new regulations that would impose a significant cost on industries.
The four environmental regulations, which target air pollution and coal residue primarily from coal-fired power plants, have already been attacked by House Republicans, who have said they would kill jobs and harm the economy.
More here. And more on the administration’s job-destroying regulatory regime, and the GOP’s plans to combat it, on the homepage.