Regulatory Costs Are Boiling Over

Diane Katz / January 24, 2011

The Environmental Protection Agency (EPA) has been ordered to issue job-killing regulations that the agency and industry both agree are faulty and unfeasible. The EPA’s blunder is an object lesson on the costly consequences of reckless rulemaking and regulatory excess.

The impending regulations address emissions from industrial boilers and incinerators.

Agency officials have projected that the new standards will kill (yes, kill!) between 5,000 and 10,000 jobs—and cost nearly $10 billion to implement. In contrast, an independent study by IHS Global Insight, an economic forecasting firm, determined that 16,000 jobs would be at risk for every $1 billion spent on compliance. (more…)