Another Costly EPA Regulation is an Unwelcome Holiday Gift for Manufacturing Workers
Boiler MACT Rule Will Hurt Jobs and Growth and Add to Manufacturers’ Growing Pessimism
The National Association of Manufacturers (NAM) President and CEO Jay Timmons issued this statement on the Environmental Protection Agency’s (EPA) final Boiler MACT regulation:
“For the second straight week, the EPA has finalized another costly and crippling regulation at a time when our economy is on the brink. Boiler MACT will not create jobs, and studies indicate it could cost manufacturers as much as $14 billion. Manufacturers are understandably growing more pessimistic about the direction of the economy. The end-of-year regulatory assault on businesses, combined with the uncertainty of the fiscal cliff, makes for one of the worst business environments in living memory.
The NAM has weighed in with the EPA throughout this entire process to ensure the agency completely understood the damaging economic consequences of this regulation. We appreciate the EPA’s efforts to engage with us and to modify the rule to make it more achievable. Unfortunately, this regulation remains far from being realistic. Currently, it is 20 percent more expensive to manufacture in the United States compared to our major trading partners, and Boiler MACT will only drive that differential higher. An improved version of a bad regulation is still a bad regulation.
The EPA is taking the season of giving too far, as it has now issued three separate multibillion-dollar regulations in just the past seven days. The onslaught of regulations from the EPA means manufacturers will continue to see rising energy prices and skyrocketing compliance costs, which translate into few opportunities for growth and even fewer jobs. Any confidence manufacturers had that the EPA’s next four years will be different is quickly eroding. We need a sensible approach to regulations and need the EPA to work with manufacturers to reduce the economic damage of overly aggressive regulations.”